Daily News

Source: Financialpost August 22, 2023

Trudeau to meet with cabinet as more Canadians blame government for inflation

3 in 10 Canadians blame government spending over other factors for rise in consumer prices Prime Minister Justin Trudeau is set to huddle with his new cabinet on how to address the soaring cost of living, a growing vulnerability for his governm...

Source: Financialpost August 22, 2023

Hotter-than-expected inflation turns up heat on Bank of Canada

Consumer price index rises to 3.3% Consumer prices bounced up in July after decelerating almost every month since peaking in June last year, possibly signalling that the Bank of Canada could be entering one of the most difficult phases of its i...

Source: Financialpost August 22, 2023

Posthaste: Sellers return to Canada's housing market just as buyers go missing

Toronto is the closest it's been to a buyer's market since the correction We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Sellers r...

Source: Financialpost August 21, 2023

Jack Mintz: Carbon taxes make the Bank of Canada’s job harder

Research suggests rising energy prices fuel inflationary expectations, leading to higher interest rates With July inflation ramping up again on Tuesday, it’s obvious the battle ain’t over yet. The headline inflation rate jumped to 3.3 per cent...

Source: Financialpost August 20, 2023

Mounting union wage demands risk impeding Bank of Canada's inflation fight

Unionized workers pushed average yearly wage settlement up to 2.9% Wages negotiated by union workers in Canada are creeping higher, complicating the central bank’s bid to restore price stability. We apologize, but this vide...

Source: BNN Bloomberg August 19, 2023

S&P 500 drops below key level in late-day slide

The drop in U.S. stocks deepened in the final hour of Tuesday trading amid signs the Federal Reserve’s fight with inflation was not yet done. Shorter-dated U.S. bonds gained as investors bought the dip. The S&P 500 Index’s 1.2 per cent drop sent the equiti...

Source: BNN Bloomberg August 19, 2023

Consumer brands that have staying power: Analyst

Consumers are stretched thin when it comes to spending their money amid high inflation, but some brands will have lasting staying power, according to one analyst.  Speaking with BNN Bloomberg’s Amber Kanwar on Tuesday, Jaime Katz, senior equity analyst at...

Market Call Source: BNN Bloomberg August 19, 2023

Kim Bolton's Top Picks: August 15, 2023

Kim Bolton, president and portfolio manager, Black Swan Dexteritas FOCUS: Technology Stocks  MARKET OUTLOOK: For July, the S&P 500 Index gained about three per cent, the Nasdaq Composite added about four per cent and our BSD Global Tech Hedge Fund...

Source: BNN Bloomberg August 19, 2023

Ontario Teachers’ makes bond bet as economic clouds gather

Ontario Teachers’ Pension Plan is making a bigger bet on bonds and credit and is adding leverage to pay for it. The pension fund, one of Canada’s largest institutional investors, earned a 1.9 per cent investment return in the first half as its fixed income...

Source: BNN Bloomberg August 19, 2023

TSX recap: Index finishes 1.93% lower amid broad-based losses

Canada's main stock index fell almost 400 points, or nearly two per cent, Tuesday on broad-based weakness, while U.S. markets also fell, with the three major indexes south of the border each losing more than one per cent. The S&P/TSX Composite Index closed...