Daily News

Source: Financialpost November 04, 2023

Posthaste: Here's how much mortgage pain is coming down the pipe for Canadians

Higher interest rates could push up monthly payments by more than $1,000 in some cities Bank of Canada governor Tiff Macklem told Senators this week that part of the reason the central bank held rates in October was because of the effect the coming wave of...

Source: Financialpost November 04, 2023

Showdown brews between cafés, remote workers as owners say coffee shops aren't offices

Some owners have started curbing Wi-Fi in order to keep customers flowing in and outRemote workers flooded Book Club Bar, a popular bar/café/bookstore in Manhattan’s East Village, when pandemic restrictions were lifted in June 2021. We apologize, but...

Source: Financialpost November 04, 2023

Howard Levitt: Students who signed petition condoning Hamas should have to answer for their decision

Anti-Semitic letter at TMU’s Lincoln Alexander School of Law has rightfully been met with outrageOne of my partners sent me the following note this week: “I trust that the first question that we will ask any potential new hire or student from Toronto Metrop...

Source: Financialpost November 04, 2023

Top headlines: 3 Scotiabank executives leave in latest management shakeup

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: 3 Scotiabank executives leave in latest managemen...

Economy Source: Financialpost November 04, 2023

Canada's jobless rate climbs more than expected in sign economy is slowing

Data paints a clearer picture of an economy that’s gearing downCanada’s labour market posted its weakest job gain in more than a year and the unemployment rate rose to a 21-month high, adding to evidence the nation’s economy is weakening. The country added...

Source: BNN Bloomberg November 03, 2023

S&P 500 rises almost 2%; Apple down in late hours

Stocks climbed a day after the Federal Reserve hinted it may be done with rate hikes, with traders awaiting Friday’s jobs report. In late hours, Apple Inc. fell as its Mac, Chinese revenues missed estimates. In a rally also fueled by oversold conditions an...

Source: BNN Bloomberg November 03, 2023

Toronto Stock Exchange has 1 IPO this year in historic dry spell

Canada’s largest stock exchange is in the midst of a historic dry spell for initial public offerings and it’s unlikely to improve anytime soon. Just one company has completed an IPO this year on the Toronto Stock Exchange, and without any last minute surpr...

Source: BNN Bloomberg November 03, 2023

Canada stocks rally the most in nearly a year, led by advances in tech shares

Canada’s benchmark stock index posted its biggest one-day jump in nearly a year, rebounding from a late October slump as tech shares rallied. The S&P/TSX Composite index ended the trading day 2.9 per cent higher at 19,626.34 points on Thursday, marking the...

Market Call Source: BNN Bloomberg November 03, 2023

Zach Curry's Top Picks: November 2, 2023

Zach Curry, director and portfolio manager, Greenrock Capital Partners FOCUS: North American large caps  MARKET OUTLOOK: The months of September and October are often the most difficult for markets, and 2023 has been no exception. One of the bigges...

Source: BNN Bloomberg November 03, 2023

Hedge fund executive’s sudden death exposes a firm deep in trouble

The bonhomie was flowing inside the Great Banking Hall in Toronto as the city’s hedge fund barons arrived to toast their success and themselves. Among the guests of honour on that Tuesday night last month: Chris Callahan, whose firm was to be celebrated fo...