Daily News

Source: BNN Bloomberg November 25, 2023

Wealthsimple launches private equity offering for retail investors

Wealthsimple Inc. has launched a new service to offer retail investors exposure to private equity.  On Wednesday, the Toronto-based fintech company said it partnered with LGT Capital Partners, a wealth management group for the Liechtenstein royal family, i...

Source: BNN Bloomberg November 25, 2023

TSX recap: Index dips 0.07 % as U.S. markets close early

Canada's main stock index closed down slightly Friday while U.S. markets were mixed on a low-volume day following the U.S. Thanksgiving holiday. The S&P/TSX Composite Index closed down 13.55 points, or 0.07 per cent, at 20,103.11. In New York, the Dow J...

Source: Financialpost November 25, 2023

Posthaste: Family business owners are rushing to hand over their companies

Rising pressures have 79% speeding up succession plans, 73% expecting new leadership within 3-5 years, KPMG survey says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posth...

Economy Source: Financialpost November 25, 2023

Canadians splurge in September and October, lifting retail sales

Receipts for retailers rose 0.8% last month, but there are signs of consumer weaknessCanadian consumers splurged in September and October, a surprise resurgence in spending even as high interest rates restrict household budgets. We apologize, but this...

Source: BNN Bloomberg November 24, 2023

Markets today: European bonds fall on supply concerns

European bonds fell after a report that Germany will suspend debt limits for a fourth consecutive year, adding to concerns over more borrowing as the euro-area economy slows. Chancellor Olaf Scholz’s government was forced into a radical budget overhaul by...

Market Call Source: BNN Bloomberg November 24, 2023

Christine Poole's Top Picks: November 23, 2023

Christine Poole, CEO and managing director, GlobeInvest Capital Management FOCUS: North American large caps  MARKET OUTLOOK: Inflation pressures are easing and keeping central banks at bay. The lagged impact of the rapid interest rate hiking cycle...

Commodities Source: BNN Bloomberg November 24, 2023

Oil price news: Oil extends drop as OPEC+ discord delays critical supply meeting

Oil fell as discord within OPEC+ forced the group to delay an upcoming meeting, quelling speculation of further production cuts by the Saudi-led alliance just as U.S. data showed a hefty rise in stockpiles. Global benchmark Brent sank below US$81 a barrel...

Source: BNN Bloomberg November 24, 2023

TSX recap: Index finishes slightly higher amid gains in energy stocks

Canada's main stock index edged higher on Wednesday, helped by energy and industrial stocks. The S&P/TSX Composite Index closed up 2.70 points, or 0.01 per cent, at 20,116.66, while U.S. stock markets were closed for their Thanksgiving holiday. Markets...

Source: Financialpost November 24, 2023

Bank of Canada's Macklem says interest rate hikes may be over

'Interest rates may now be restrictive enough to get us back to price stability'Bank of Canada governor Tiff Macklem said policymakers may have done enough to tame inflation, reinforcing market and economist expectations that short-term rates have peaked....

Source: Financialpost November 24, 2023

3 tax changes in the fiscal update you may have missed

Jaime Golombek: Changes may affect you if you own real estate or have a privately owned businessReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on...