Daily News

Source: BNN Bloomberg October 28, 2023

The Week Ahead: GDP data due; FOMC announcement

Monday, Oct. 30 Notable data: Bloomberg Nanos Confidence Notable earnings: Athabasca Oil, Westshore Terminals, NexGen Energy, Paramount Resources, Gibson Energy, Stelco Holdings, Air Canada, Fairfax Financial Holdings, TMX Group, McDonald’s, Dye & Dur...

Source: Financialpost October 28, 2023

Top headlines: Ottawa posts $4.3-billion deficit between April and August

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: Ottawa posts $4.3-billion deficit between April a...

Source: Financialpost October 28, 2023

Talks resume but ships sit idle as St. Lawrence Seaway strike continues

'The downtime is costly, and the financial implications are considerable'Life’s unusually quiet on Canada’s main trade gateway to the Atlantic Ocean, which carried goods to Europe and beyond. We apologize, but this video has failed to load. Try refres...

Source: Financialpost October 28, 2023

Bank of Canada hold means 'suffocating' mortgage payments to stick around

Inflation may be cooling, but burden of high interest rates still weighing on homeownersInflation may be cooling, but the burden of high interest rates is still weighing on homeowners. We apologize, but this video has failed to load. Try refreshing yo...

Source: Financialpost October 28, 2023

Fate of Canada's first grocery code of conduct in doubt with 2 big players on the fence

Loblaw, Walmart express worries code will increase food prices Get the latest from Jake Edmiston straight to your inbox Sign Up The fate of Canada’s first-ever grocery code of conduct appears to be in doubt, with two of the country’s largest retailers...

Source: BNN Bloomberg October 27, 2023

S&P 500 falls to lowest since May as tech gets hit

A slide in big tech sent the stock market to its lowest since May after another round of disappointing earnings. In late trading, Amazon.com Inc. climbed as sales beat estimates.   The S&P 500 dropped 1.2 per cent, edging closer to a “correction” — with...

Personal Finance Source: BNN Bloomberg October 27, 2023

Financial advice from AI may be educational but not holistic, experts say

As an experiment, Kelley Keehn asked ChatGPT to suggest a financial plan for a small Canadian family.  She prompted the artificial intelligence software to craft a plan for a couple in their 30s who have two young children and want to save for a house. The...

Commodities Source: BNN Bloomberg October 27, 2023

'The market is wrong' on rate cut timeline: Ed Devlin

The Bank of Canada decided not to hike interest rates any further this week, and two prominent experts predict economic weakness ahead will prompt aggressive rate cuts that the market is overlooking.   While the central bank has not indicated when it will st...

Source: BNN Bloomberg October 27, 2023

​TSX recap: Index finishes 0.38% lower amid weakness in industrials stocks

Canada's main stock index moved lower Thursday amid weakness in industrials, technology and battery metals, while U.S. markets also fell, led by losses in technology.  The S&P/TSX Composite Index closed down 72.54 points, or 0.38 per cent, at 18,875.31....

Market Call Source: BNN Bloomberg October 27, 2023

Brian Madden's Top Picks: October 26, 2023

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK: With third-quarter earnings releases in full swing, particularly in the U.S., results are beating forecasts and ever-so-slightly...