Daily News

Market Call Source: BNN Bloomberg October 21, 2023

Lorne Steinberg's Top Picks: October 20, 2023

Lorne Steinberg, president, Lorne Steinberg Wealth Management FOCUS: Global value stocks and high yield bonds MARKET OUTLOOK: It appears that central banks are gradually winning their war against inflation. The consumer price index is rising at a m...

Source: BNN Bloomberg October 21, 2023

The Week Ahead: Bank of Canada rate decision, oil and tech earnings

Monday, Oct. 23 Notable data: Bloomberg Nanos Confidence Notable earnings: TFI International, PrairieSky Royalty Tuesday, Oct. 24 Notable data: New Housing Price Index, U.S. S&P Global PMIs, CFIB Business Barometer Notable earnings: Premium Brands...

Source: BNN Bloomberg October 21, 2023

Stock losses deepen as S&P 500 breaches key level

Stocks fell around the world, while bonds climbed with gold on concern the Israel-Hamas war will escalate into a wider conflict in the Middle East. Oil pulled back after hitting US$90 a barrel. The S&P 500 dropped over one per cent, notching its worst week...

Source: BNN Bloomberg October 21, 2023

TSX recap: Index falls 1.21% on base metal, telecom losses

Canada's main stock index was down more than one per cent Friday with broad-based losses led by financial, telecom and base metal stocks, while U.S. markets also fell to close the week.  The S&P/TSX Composite Index closed down 233.17 points, or 1.21 per ce...

Source: Financialpost October 21, 2023

Top headlines: Pierre Poilievre urges Ottawa to block RBC, HSBC merger

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: Pierre Poilievre urges Ottawa to block RBC, HSBC...

Source: Financialpost October 21, 2023

Posthaste: Record-high mortgage stress test puts homes out of reach for more Canadians

Many mortgage applicants are now being stress tested at 8.3% or higher We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Record-high mortgage stress test puts homes...

Source: Financialpost October 21, 2023

Canada' retail sales slump, cementing Bank of Canada rate pause

Canadians are rolling back their goods purchases as more households face mortgage payment renewalsCanadian consumers are tightening their purse strings, cementing a case for the Bank of Canada to hold interest rates steady next week. We apologize, but...

Source: Financialpost October 21, 2023

Pierre Poilievre says Canada should block RBC, HSBC merger

Conservative Party Leader says rejection necessary to protect competition in mortgage lendingThe leader of Canada’s main opposition political party says the government should block HSBC Holdings PLC’s sale of its local operations to Royal Bank of Canada....

Source: BNN Bloomberg October 20, 2023

Wall Street hit by volatility on geopolitical risk

Volatility gripped Wall Street as traders kept a close eye on any signs of a potential escalation of the Middle East conflict, while weighing Jerome Powell’s remarks for clues on the policy outlook. After multiple twists and turns, the S&P 500 notched its...

Market Call Source: BNN Bloomberg October 20, 2023

Paul Harris' Top Picks: October 19, 2023

Paul Harris, partner and portfolio manager, Harris Douglas Asset Management FOCUS: North American and global large caps MARKET OUTLOOK: The main issues facing the market are inflation and interest rates. The U.S. Federal Reserve and other central b...