Daily News

Source: BNN Bloomberg August 29, 2023

U.S. stocks grind higher at start of busy economic week

Stocks rose and bond yields fell at the start of a week full of economic data that will help shape the outlook for Federal Reserve policy. In a reasonably quiet trading session, the S&P 500 hovered near 4,400. 3M Co. rallied as Bloomberg News reported a te...

Source: BNN Bloomberg August 29, 2023

There's no place like home to invest in: Mark Wiseman

Investors have long been told to diversify their portfolios, but one expert is advising that a focus on North American markets might be the safest way to execute under current geopolitical conditions.     “We do have to think about ‘no place like home’ and t...

Source: BNN Bloomberg August 29, 2023

TSX today: Index up 0.95% on strong energy gains

Strength in energy stocks as the price of oil once again topped US$80 per barrel helped lead a broad rally on the Toronto Stock Exchange Monday, lifting Canada's main stock index almost 200 points, while U.S. stock markets also climbed. The S&P/TSX Composi...

Source: BNN Bloomberg August 29, 2023

Three industrial stocks with great value: CIO

The industrial sector has lagged behind the broader equity markets, but one investment expert says this makes it a great buying opportunity for investors.    James Demmert, chief investment officer at Main Street Research, said many stocks within the industr...

Source: BNN Bloomberg August 29, 2023

Bank earnings: Analyst picks top bank for the quarter

With Canada’s big six banks in the midst of reporting their latest quarterly results, one analyst suggests the top bank has already reported. Scotiabank and the Bank of Montreal are set to report earnings for the third quarter on Tuesday. National Bank of...

Market Call Source: BNN Bloomberg August 29, 2023

Brianne Gardner's Top Picks: August 28, 2023

Brianne Gardner, senior wealth manager, Velocity Investment Partners, Raymond James FOCUS: North American large-cap stocks  MARKET OUTLOOK: Much like last August, the market seemed to get a little ahead of itself. The S&P 500’s upward trend that st...

Source: Financialpost August 29, 2023

'Not going to work out for you': Amazon ups stakes over flouted return-to-office rules — report

Some employees refusing to comply Amazon.com Inc. chief executive officer Andy Jassy told employees who refuse to comply with his return-to-office mandate that “it’s probably not going to work out for you,” according to a recording of a company...

Source: Financialpost August 29, 2023

Will Trudeau’s government breach the David Dodge Rule?

Theo Argitis: Rising bond yields are putting Ottawa on a costly path when it comes to servicing the debt The sharp escalation of global bond yields in recent weeks raises the prospect we may be in the middle of a structural shift to a world of...

Source: Financialpost August 29, 2023

Canada among new countries to pass crucial tipping point that triggers mass EV adoption

23 countries have now crossed the critical threshold, Bloomberg analysis indicates Convincing everyone to adopt a new technology can be a slog at first. The humble microwave oven, for example, took two decades of lukewarm sales to reach just a...

Source: Financialpost August 29, 2023

More Canadian homeowners extend mortgage amortization periods, Big Bank data reveal

Stressed customers seeking to bring down monthly payments Mortgage data from Canada’s two biggest banks are painting a picture of homeowners straining under high borrowing costs. We apologize, but this video has failed to l...