Daily News

Source: Financialpost August 28, 2023

Homeowner Stress Bursts Into View in Canada Banks' Mortgage Data

Mortgage data from Canada’s two biggest banks are painting a picture of homeowners straining under high borrowing costs. (Bloomberg) — Mortgage data from Canada’s two biggest banks are painting a picture of homeowners straining under high borro...

Source: Financialpost August 27, 2023

China slowdown may help Canada's inflation fight

Watch: Desjardins' Jimmy Jean on China's slowing economy and its impact on the global economy Jimmy Jean, chief economist at Desjardins Group, speaks with the Financial Post’s Larysa Harapyn about China’s slowing economy and its impact on the g...

Source: Financialpost August 27, 2023

Posthaste: Many Canadians believe companies are using inflation as an excuse to gouge them

Even the highest earners believe they are being overcharged for products We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Many Cana...

Source: BNN Bloomberg August 26, 2023

Stocks climb after Fed’s 'no alarms, no surprises'

Stocks rose as traders sifted through a raft of remarks from Federal Reserve speakers, with Jerome Powell saying officials “will proceed carefully” on whether to raise interest rates again, while signaling policy will remain tighter for longer. The S&P 500...

Source: BNN Bloomberg August 26, 2023

RBC downgraded amid higher expenses, 'unfavourable' deposit trends

The Royal Bank of Canada beat analyst expectations for its third quarter, but a string of challenges ahead has led one analyst to downgrade his rating on the stock.   Veritas Analyst Nigel D’Souza downgraded RBC to a reduce rating and lowered his valuation...

Source: BNN Bloomberg August 26, 2023

Invesco launches three ETFs in Canada

An executive with Invesco Canada says Canadian-listed exchange-traded funds (ETFs) provide benefits that outweigh potentially higher costs.  The investment firm has launched some of its U.S.-listed ETFs in Canada, which became available this summer.  Pa...

Market Call Source: BNN Bloomberg August 26, 2023

Christine Poole's Top Picks: August 25, 2023

Christine Poole, CEO and managing director, GlobeInvest Capital Management FOCUS: North American large-cap stocks  MARKET OUTLOOK: Notwithstanding 525 basis points of U.S. Federal Reserve rate hikes since March 2022, the U.S. economy remains resilien...

Source: BNN Bloomberg August 26, 2023

Tech to drive growth in transportation, industrial sector: Analyst

The use of technology within the transportation and industrial sector is driving productivity and growth potential, according to one analyst.    Allison Poliniak-Cusic, senior analyst at Wells Fargo Securities, said investment and the use of new technology a...

Source: BNN Bloomberg August 26, 2023

The Week Ahead: GDP data due; Earnings from CIBC

Monday, August 28 Notable data: Bloomberg Nanos Confidence Index Tuesday, August 29 Notable earnings: Bank of Montreal, Bank of Nova Scotia, Best Buy, HP Inc. Wednesday, August 30 Economic data: U.S.: Real GDP (Q2) Notable earnin...

Source: Financialpost August 26, 2023

Jordan Peterson ruling empowers woke bodies everywhere to discipline members who express unpopular opinions

Howard Levitt: The question that should have been put to the court was whether the college's code of ethics overreached I can predict one thing with certainty about anyone who reads this week’s Ontario Court decision about Jordan Peterson and t...