Daily News

Source: BNN Bloomberg September 21, 2023

U.S. stocks fall as yields rise on Fed's 'hawkish skip'

Stocks retreated, while bond yields climbed alongside the dollar, with the Federal Reserve signaling interest rates will be higher for longer after deciding to stay on hold in September. The S&P 500 dropped almost 1 per cent, while the Nasdaq 100 underperf...

Market Call Source: BNN Bloomberg September 21, 2023

Kim Bolton's Top Picks: September 20, 2023

Kim Bolton, president and portfolio manager, Black Swan Dexteritas FOCUS: Technology stocks  MARKET OUTLOOK: We’re into the “dreaded” September and now that the market has consolidated the big rally from late spring through early summer. It has for...

Source: Financialpost September 21, 2023

David Rosenberg: We're calling bull on the 'new bull market'

Even bear markets have rallies. So please, let’s not hyperventilate The rally in equities since the October lows has been hailed by many commentators as the start of a new bull market, but even a 20-plus per cent move can be a normal feature of...

Source: Financialpost September 21, 2023

The pandemic paradox: Surging savings, surging debt leave Bank of Canada with balancing act

Central bank has faced unprecedented challenges when it comes to monetary policy since the pandemic The Bank of Canada has faced unprecedented challenges when it comes to monetary policy since the start of the COVID-19 pandemic, launching drast...

Source: Financialpost September 21, 2023

Terence Corcoran: Let’s clean up the Kleenex grocery myths 

Blaming lack of retail competition for Kleenex tissue departure is unsupportable nonsense The prime minister and his cabinet have joined a production line of academic theorists about the nature of corporate competition in the grocery business....

Source: Financialpost September 21, 2023

Opinion: Don't scapegoat grocers and food manufacturers for high food prices

Who's to blame for the current state of affairs? To put it simply: war, energy prices and weather In the ongoing debate over the soaring food prices in Canada, it’s tempting to lay the blame at the feet of the most visible players — the grocery...

Source: Financialpost September 21, 2023

Bank of Canada mulled rate hike in face of stubborn inflation

Deliberations show concerns the pause in September would send message that rate cuts were coming Get the latest from Barbara Shecter straight to your inbox Sign Up When the governing council of the Bank of Canada met at policy-setting...

Source: Financialpost September 21, 2023

RBC proceeds with job cuts on U.S., Canada capital markets desks

Part of broader reductions that may climb above 1,000 positions Royal Bank of Canada pushed ahead with a round of job cuts in its capital markets operations, part of broader reductions announced in August that may climb above 1,000 positions an...

Source: BNN Bloomberg September 20, 2023

TSX recap: Index down 1.34% on broad-based decline

Canada's main stock index fell 1.3 per cent Tuesday in a broad-based decline after the latest inflation print came in higher than expected, while U.S. stock markets also moved lower. The S&P/TSX Composite Index closed down 273.94 points, or 1.34 per cent,...

Source: BNN Bloomberg September 20, 2023

Instacart delivers 16% debut gain after $660 million IPO

Instacart jumped 16 per cent in its trading debut, showing investors are receptive to the online grocery delivery firm’s pivot to advertising and adding momentum to a rebound for initial public offerings with one of 2023’s biggest listings. Instacart’s sha...