Daily News

Source: Bankofcanada November 06, 2023

Market Participants Survey—Third Quarter of 2023

Results of the third-quarter 2023 survey conducted from September 20 to 28, 2023. The Market Participants Survey results are based on questionnaire responses from a...

Source: Financialpost November 05, 2023

Ontario hedge fund embroiled in chaos after manager’s death placed in receivership

Court filings describe Traynor Ridge Capital as a three-man operation with $95M in assets that has no one left in charge, making it impossible to even update the fund’s websiteAn Ontario court placed Traynor Ridge Capital Inc. into receivership as regulators...

Source: Financialpost November 05, 2023

'Bank of Canada’s next move a cut in the second quarter of 2024': What economists say about jobs numbers

Latest report should leave central bank comfortable with recent decision to hold for second timeOctober’s jobs report will leave the Bank of Canada more “comfortable” with its decision to hold interest rates at 5 per cent, economists say. We apologize...

Source: Financialpost November 05, 2023

Bank of Canada's Carolyn Rogers urges 'close look' at negative-amortization mortgages

Many borrowers paying little to no principal on themCanadian banks and regulators should take a hard look at mortgages that have allowed some households to run up large amounts of long-term debt as interest rates went up, the Bank of Canada’s no. 2 official...

Source: BNN Bloomberg November 04, 2023

​'Hot tips' and other red flags that could be investment scams

Psst. Want a hot investment tip that only a select group of people know about?   Exclusive investment offers are just one of the red flag warnings from the Canadian Securities Administrators (CSA) in its ongoing effort to crack down on investment fraud.  ...

Source: BNN Bloomberg November 04, 2023

Three stocks positioned for growth in the biotech sector: analyst

Investors looking at the biotech sector should look for drug companies that run well-designed critical clinical trials and have a good outreach, one analyst says.    David Nierengarten, senior analyst at Wedbush, told BNN Bloomberg on Friday that selecting a...

Market Call Source: BNN Bloomberg November 04, 2023

Greg Newman's Top Picks: November 3, 2023

Greg Newman, senior wealth advisor and portfolio manager, Newman Group, ScotiaMcLeod FOCUS: North American stocks and protection strategies  MARKET OUTLOOK: Highly unsettling geopolitics have added to the already confused backdrop of whether a rece...

Source: BNN Bloomberg November 04, 2023

TSX today: Index up nearly 200 points on strength in financial services

Strength in the financial services market and base metals helped lead Canada's main stock index higher in late-morning trading, while U.S. stock markets also rose. The S&P/TSX Composite Index was up 175.03 points, or 0.88 per cent, at 19,801.37. In New...

Source: BNN Bloomberg November 04, 2023

The Week Ahead: BoC Summary of Deliberations; U.S. Initial Jobless Claims

Saturday, Nov. 4 Notable earnings: Berkshire Hathaway Monday, Nov. 6 Notable data: Global Supply Chain Pressure Index Notable earnings: Ivanhoe Mines, Brookfield Asset Management, Finning International, MEG Energy, Element Fleet Management...

Source: Financialpost November 04, 2023

Scotiabank's Dan Rees, investment banking head James Neate to leave firm

Dan Rees, who runs the domestic retail banking business, is leaving along with investment banking chief James Neate and chief technology officer Shawn RoseBank of Nova Scotia’s Dan Rees, who runs the domestic retail banking business, is leaving along with in...