Daily News

Source: BNN Bloomberg November 10, 2023

Analyst picks memory hardware stocks entering an up cycle

Hardware stocks with a focus on memory technology have been lacklustre performers for the past few years, but one analyst says several companies in the space are about to post revenue pick ups.   Matt Bryson, equity research analyst covering enterprise hardw...

Source: BNN Bloomberg November 10, 2023

CMHC eyes $8.5-billion bond sale as soon as next week

  Canada’s federal housing agency is preparing a sale of as much as $8.5 billion in bonds as soon as next week, according to people familiar with the matter.  Canada Mortgage and Housing Corp. will likely take orders for its planned transaction — consis...

Market Call Source: BNN Bloomberg November 10, 2023

Paul Gardner's Top Picks: November 9, 2023

Paul Gardner, partner and portfolio manager, Avenue Investment Management FOCUS: REITS, bonds, and dividend stocks MARKET OUTLOOK: The tale of two markets. The bond market finally gives the investor an attractive yield, specifically in the two-year...

Source: BNN Bloomberg November 10, 2023

TSX recap: Index ticks up on strength in energy

Strength in energy stocks helped Canada's main stock index eke out a small gain Thursday, while U.S. markets moved lower, led by weakness on the Nasdaq.  The S&P/TSX Composite Index closed up 57.20 points, or 0.28 per cent, at 19,587.41. In New York, th...

Source: Financialpost November 10, 2023

$100,000 a year is no longer a living wage for a family in Calgary: report

Hourly wage needed to cover basic expenses in Calgary for 2023 is $23.70. Alberta's minimum wage remains $15/hourA family of four — two parents, two children — living in Calgary on a combined $100,000 per year once sounded comfortable. That’s no longer the...

Source: Financialpost November 10, 2023

Posthaste: There's a new crisis looming in a commodity 400 times bigger than oil

Report warns world risks running out of freshwater by 2040 It’s something we use everyday — couldn’t survive without, actually — and often take for granted. Yet freshwater could run out by 2040 at our current rate of consumption, says a report by BofA Glo...

Source: Financialpost November 10, 2023

Higher-income earners will soon contribute more to CPP, but get more too

Jamie Golombek: A second CPP contribution rate and earnings ceiling is being introduced in 2024Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on t...

Source: Financialpost November 10, 2023

Interest rates may stay higher for good: Bank of Canada's Carolyn Rogers

Rogers warns rates may not return to low levels people were used to before pandemicThe Bank of Canada’s No. 2 official urged preparation for interest rates staying elevated for longer. We apologize, but this video has failed to load. Try refreshing yo...

Economy Source: Financialpost November 10, 2023

Holiday job postings down from last year amid slowing economy

Down 30% from last yearTORONTO — Canadian postings for seasonal holiday jobs are down 30 per cent from a year ago so far, according to Indeed, amid a softening economy and cooling labour market. We apologize, but this video has failed to load. Try ref...

Source: BNN Bloomberg November 09, 2023

Markets today: Wall Street rally fades with Fedspeak in focus

U.S. stocks, bonds and the dollar saw small moves Wednesday, with traders focused on a parade of U.S. Federal Reserve speakers to see whether the central bank will continue to dampen the market’s dovish narrative. The S&P 500 edged higher after a powerful...