Daily News

Source: BNN Bloomberg October 25, 2023

Nasdaq 100 climbs 1% as earnings season picks up

Stocks rose after their longest slide this year, with bond-market volatility abating and traders wading through a raft of earnings for clues on the outlook for Corporate America. Oil slid below US$84 a barrel. The S&P 500 halted a five-day drop while the N...

Market Call Source: BNN Bloomberg October 25, 2023

Brian Acker's Top Picks: October 24, 2023

Brian Acker, president, CEO and chief investment strategist at Acker FOCUS: North American large caps  MARKET OUTLOOK: For the last 10 years, I have been recommending U.S. dollar-dominated assets for Canadian investors. Over the last year and a bit...

Source: Bankofcanada October 25, 2023

Monetary Policy Report – October 2023

Higher interest rates are working to ease price pressures in Canada and inflation is coming down, though progress to the 2% target is slow. The Bank pro...

Source: Bankofcanada October 25, 2023

Bank of Canada maintains policy rate, continues quantitative tightening

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The global ec...

Source: Bankofcanada October 25, 2023

Monetary Policy Report Press Conference Opening Statement

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement and the Bank of Canada’s Monetary...

Source: Financialpost October 25, 2023

Look for 'hawkish hold' from Bank of Canada, says strategist

Watch strategist Karl Schamotta on next moves for the Bank of Canada and Federal ReserveKarl Schamotta, chief market strategist at Corpay, talks with Financial Post’s Larysa Harapyn about the Canadian and U.S. economies and next moves for the Bank of Canada...

Source: Financialpost October 25, 2023

Posthaste: Canadians finding mortgage payments ‘very difficult’ have doubled since March

Poll finds debt anxiety is rising More Canadians are struggling with the higher cost of mortgage debt, and anxiety is rising for those who face renewal on the horizon, says a new survey. The Bank of Canada has raised interest rates 10 times in its battle...

Source: Financialpost October 25, 2023

Top headlines: CN Rail profits drop nearly 25% on falling demand, B.C. port strike

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: CN Rail profits drop nearly 25% on falling demand...

Source: BNN Bloomberg October 24, 2023

British Columbia pension fund joins AAA bond club at expensive time

British Columbia Investment Management Corporation, which manages $233 billion (US$170 billion) of assets mostly for public sector pensioners in the western province, priced its debut bond sale in Canadian dollars even as borrowing costs hover near historic h...

Market Call Source: BNN Bloomberg October 24, 2023

Christine Poole's Top Picks: October 23, 2023

Christine Poole, CEO and managing director at GlobeInvest Capital Management FOCUS: North American large-cap stocks  MARKET OUTLOOK: Financial markets are recalibrating to a higher interest rate environment, with interest rates returning to a more...