Daily News

Source: BNN Bloomberg October 26, 2023

Nasdaq 100 has worst drop of 2023 as yields climb

Wall Street grappling with a batch of corporate earnings sent stocks lower on Wednesday amid heightened Treasury volatility, with traders also keeping an eye on the latest geopolitical developments. The S&P 500 dropped about 1.5 per cent. The Nasdaq 100 sa...

Market Call Source: BNN Bloomberg October 26, 2023

Kim Bolton's Top Picks: October 25, 2023

Kim Bolton, president and portfolio manager of Black Swan Dexteritas FOCUS: Technology stocks MARKET OUTLOOK: While the market assesses the next fundamental catalyst or technical signal, your BSD portfolio management team will continue to trim thos...

Source: Bankofcanada October 26, 2023

Bank of Canada announces appointment of Nick Leswick as Executive Director of Policy

The Bank of Canada today announced that Nick Leswick has been appointed to the new role of Executive Director of Policy, effective January 9, 2024. Reporting to the Senior Deputy Governor, Mr. Leswic...

Source: Financialpost October 26, 2023

Opinion: We’re not being taxed to death — it just feels that way

Canadians' tax burden isn't actually that high. But it tilts toward income taxes levied at steep rates. Using the GST more would helpBy Allan Lanthier Do you think your taxes are too high? Well, join the club: the Fraser Institute says that nearly three-qua...

Source: Financialpost October 26, 2023

Top headlines: Montreal to ban most natural gas heating, cooking in new buildings

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: Montreal to ban most natural gas heating, cooking...

Source: Financialpost October 26, 2023

Bank of Canada says runway to soft landing getting 'narrower' as it holds interest rates again

Central bank held its benchmark interest rate steady at 5% for the second consecutive time Get the latest from Barbara Shecter straight to your inbox Sign Up Bank of Canada governor Tiff Macklem says the runway for a soft landing is narrowing, but he...

Source: Financialpost October 26, 2023

3% by the end of 2024: What economists say about Bank of Canada's latest rate decision

Bank holds at 5%, its second consecutive pauseThe Bank of Canada held its benchmark interest rate at five per cent on Oct. 25, its second consecutive pause, meeting economist expectations amid a slowdown in the economy. We apologize, but this video ha...

Economy Source: Financialpost October 26, 2023

Bank of Canada expected to hold interest rates this morning, keep hawkish bias

The slowdown has arrived — and with it, the likely end of a historic campaign of rate increasesThe slowdown economists have been warning about has arrived in Canada — and with it, the likely end of the Bank of Canada’s historic campaign of rate increases....

Source: BNN Bloomberg October 25, 2023

Young women should invest differently — and more seriously — than men, experts say

Age and income are usually the biggest factors in determining one’s investment strategy, but some personal finance experts believe it’s time for gender to become a larger part of the decision-making process. Women are more likely than men to experience a w...

Source: BNN Bloomberg October 25, 2023

Airline stocks best positioned to for economic downturn: expert

Airline stocks have been under pressure as they battle with rising fuel costs and higher interest rates, but one investment professional says continued travel demand and strong balance sheets will help offset any economic downside. Savanthi Syth, managing...