Daily News

Source: Financialpost September 09, 2023

'It's gonna get worse': Banks are bracing for bad loans, but the trouble is only getting started

Big Six recorded $3.54 billion in loan loss provisions in most recent quarter and analysts expect that figure to climb Loan loss provisions piled up at Canada’s big banks in their most recent quarter. Now the question is, ‘How high can they go?...

Source: Financialpost September 09, 2023

Howard Levitt: The CRA has closed a loophole that will transform severance settlements

Wrongful dismissal cases in Canada have just become more difficult to settle There is a dirty little secret as to how employment law cases get settled. But it is coming to an end — this column will hasten its demise. We apo...

Economy Source: Financialpost September 09, 2023

Canada adds unexpected 40,000 jobs in August — but 50,000 needed to maintain pace

Surprise gain unlikely to bring Bank of Canada off sidelines on interest rates Employers hired more workers than expected in August, but the unemployment rate held steady due to a population increase of 103,000, so the surprise gain likely won’...

Source: BNN Bloomberg September 08, 2023

Tech slide fuels defensive bid as blue chips gain

Stocks came off session lows as blue chips gained traction amid concern over how a Chinese ban on Apple Inc.’s iPhone could impact the big tech, the industry that has driven this year’s market rally. The S&P 500 trimmed losses by more than half, led by an...

Market Call Source: BNN Bloomberg September 08, 2023

Rick Rule's Top Picks: September 7, 2023

Rick Rule, president and chief executive officer, Rule Investment Media FOCUS: Natural resource stocks  MARKET OUTLOOK: Investor interest in natural resource stocks could be described as tepid, at best, meaning that the sector offers good absolute...

Source: BNN Bloomberg September 08, 2023

TSX recap: Index dips 0.47% on broad-based losses

Canada's main stock index moved lower Thursday on broad-based weakness a day after the central bank chose to hold its key interest rate, while U.S. markets were mixed.  The S&P/TSX Composite Index was down 94.88 points, or 0.47 per cent, at 20,132.08. I...

Source: Financialpost September 08, 2023

Health agency probing Air Canada vomit incident that echoes broader customer woes

Outrage as women ejected from plane after complaining of soiled seats MONTREAL — The outrage sparked by a passenger incident involving a vomit-smeared airplane seat reflects a broader frustration with flight operations in Canada, travel special...

Source: Financialpost September 08, 2023

Posthaste: Bank of Canada's 4 'pillars' of inflation stop flashing red: analyst

Central bank has achieved goal of slowing demand, economy with previous rate hikes We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste:...

Source: Financialpost September 08, 2023

RBC faces potential stock sale as bank regulator contemplates stricter capital rules: analyst

Could raise minimum capital requirements in December With economic storm clouds gathering, Canada’s bank regulator is considering stricter capital requirements that some analysts say have the potential to force Royal Bank of Canada, the nation’...

Source: BNN Bloomberg September 07, 2023

U.S. stocks retreat after hot ISM fuels Fed-hike wagers

Stocks declined, while Treasury yields climbed after a stronger-than-estimated reading on the U.S. services industry bolstered speculation the Federal Reserve will keep interest rates higher for longer. The S&P 500 closed below 4,500 and the Nasdaq 100 fel...