Daily News

Source: BNN Bloomberg November 08, 2023

TSX recap: Index falls 0.85% on energy weakness

Losses in the energy sector dragged Canada's main stock index down Tuesday, while U.S. markets rose, led by gains on the Nasdaq. The S&P/TSX Composite Index closed down 168.35 points, or 0.85 per cent, at 19,575.59. In New York, the Dow Jones Industrial...

Source: BNN Bloomberg November 08, 2023

U.S. stocks defy Fed pushback in longest run since '21

A rally in big tech drove stocks to their longest winning streak in two years, with investors shrugging off the latest attempts from Federal Reserve speakers to tone down Wall Street’s dovish bid. After a series of twists and turns in the first hour of tra...

Source: BNN Bloomberg November 08, 2023

Markets today: Wall Street ticks up as falling oil prices and Treasury yields ease the pressure

U.S. stocks are ticking higher Tuesday as Wall Street continues to absorb the big swings that have shaken financial markets recently. The S&P 500 was 0.2 per cent higher and on track for a second quiet day after months of heavy losses swiveled sharply to a...

Market Call Source: BNN Bloomberg November 08, 2023

John Zechner's Top Picks: November 7, 2023

John Zechner, chairman and founder, J. Zechner Associates FOCUS: North American large-cap stocks  MARKET OUTLOOK: Financial market troubles of the past two years continued from September to October, despite heading into what is typically the strong...

Source: Bankofcanada November 08, 2023

Summary of Governing Council deliberations: Fixed announcement date of October 25, 2023

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on October 25, 2023. This summary reflects...

Source: Financialpost November 08, 2023

Posthaste: The risk of forced home sales is rising in Canada, warns economist

Increase in the number of insured mortgages being refinanced with non-bank lenders raises red flags We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: The risk of fo...

Source: Financialpost November 08, 2023

David Rosenberg: Get ready, the Fed has cause for a pause

History shows once the Fed goes 5 months without hiking after a tightening cycle, the cycle is overWell, I have to say that I liked what I saw last week. Jerome Powell’s body language at the Federal Open Market Committee meeting represented a fairly big shif...

Source: Financialpost November 08, 2023

Canada's largest telecom BCE cuts spending after blow from regulator

Will chop capital spending by $1 billion after CRTC ordered major phone providers to open up broadband networks to smaller rivals at prescribed ratesBCE Inc., Canada’s largest telecommunications company, said it will chop capital spending by $1 billion after...

Source: Financialpost November 08, 2023

Top headlines: BCE to slash spending by $1 billion after CRTC ruling

The latest business news as it happensToday’s top headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: BCE to slash spending by $1 billion after CRTC ru...

Source: Financialpost November 08, 2023

Rogers launches mobile plans for low-income Canadians

One of several undertakings agreed to in connection to Shaw mergerRogers Communications Inc. in unveiling a new mobile plan for low-income Canadians that it says will make 5G wireless services more accessible for eligible customers, one of several undertakin...