Daily News

Source: Financialpost September 27, 2023

Volkswagen cuts EV output in Germany as demand craters

Curbing production over declining European demand and shrinking government subsidies Volkswagen AG is curbing the production of electric vehicle models at two German plants due to declining European demand and shrinking government subsidies....

Source: Financialpost September 27, 2023

Top headlines: Banking watchdog wants to rein in ultra-long mortgages

The latest business news as it happens Today’s top stories We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: Banking watchdog wan...

Source: Financialpost September 27, 2023

Diane Francis: Trudeau's diplomatic blunder raises questions about who's really running the show

Is Jagmeet Singh the real prime minister of Canada? Prime Minister Justin Trudeau’s announcement on Sept. 18 that, “Canadian security agencies have been actively pursuing credible allegations of a potential link between agents of the Government...

Source: Financialpost September 27, 2023

Class action against Toronto real estate industry over commissions gets green light

Federal Court has granted approval for a class-action lawsuit alleging price-fixing and anti-competitive practices After two years of deliberations, the Federal Court has granted approval for a class-action lawsuit alleging price-fixing and ant...

Economy Source: Financialpost September 27, 2023

Bank of Canada hikes done, but interest rates to stay high: economists

Only one cut to come in first half of next year The Bank of Canada will hold its key interest rate near the current level of five per cent until the third quarter of 2024, economists say, with growth picking up momentum to end this year....

Source: BNN Bloomberg September 26, 2023

TSX recap: Energy stocks help index edge higher

Strength in energy stocks helped Canada's main stock index close slightly higher Monday, while U.S. stock markets also ended up to start the week. Gains in oil and gas stocks, however, were offset by losses in financials, telecoms and utilities to leave th...

Market Call Source: BNN Bloomberg September 26, 2023

Stephen Takacsy's Top Picks: September 25, 2023

Stephen Takacsy, president CEO and CIO, Lester Asset Management FOCUS: Canadian stocks  MARKET OUTLOOK: Equity and fixed-income markets continue to be volatile on fears of sticky inflation, higher-for-longer interest rates, and an economic slowdown...

Source: BNN Bloomberg September 26, 2023

U.S. bonds sink, S&P 500 snaps 4-day losing streak

U.S. government bonds fell while stocks ended the day higher as traders speculated central banks will keep interest rates elevated to quell inflation. A gauge of U.S. dollar strength hit its highest level this year.  A bond selloff extended into a fourth w...

Commodities Source: BNN Bloomberg September 26, 2023

Energy market facing 'strongest fundamentals' in two decades: Eric Nuttall

One prominent oil investor says the commodity has some of the strongest tailwinds in recent decades, but lagging energy stocks don’t tell that story.   Eric Nuttall told BNN Bloomberg on Monday that the past few years have been good for energy investors, b...

Source: Financialpost September 26, 2023

Saudi Arabia moves step closer to achieving nuclear power

Tells international inspectors they’ll have wider access to facilities Saudi Arabia took a key step toward advancing its nascent nuclear power program, telling international inspectors they’ll have wider access to facilities in order to account...