Daily News

Source: BNN Bloomberg August 19, 2023

Investors should seek safety in gold amid China uncertainty: Analyst

Growing concern over China's economy has one currency expert looking for safety in commodities and currency markets.    Speaking with BNN Bloomberg’s Amber Kanwar on Thursday, Kathy Lien, managing director at BKForex, said commodities such as gold and curren...

Source: BNN Bloomberg August 19, 2023

Big tech logs year's longest weekly losing streak

Megacap tech stocks slumped for a third straight week — the longest such streak in 2023 — as fears of higher global interest rates weighed on sentiment while bonds bounced off multiyear lows.  Stocks ground higher in the final minutes of the session in mov...

Source: BNN Bloomberg August 19, 2023

The Week Ahead: New housing price index; retail sales data due

Monday, August 21 Notable data: New Housing Price Index Tuesday, August 22 Notable data: U.S. Existing Home Sales Notable earnings: Lowe’s Cos, Medtronic, Dick’s Sporting Goods, Macy’s, Toll Brothers, La-Z-Boy Inc. Wednesday, August 23...

Source: Financialpost August 19, 2023

Need a charge? Canada’s $5-billion battery plant is looking for employees

But filling those jobs might prove to be challenging in Canada's tight labour market A $5-billion electric-vehicle (EV) battery plant being constructed in Windsor, Ont., by a company backed by Netherlands-based automaker Stellantis NV and South...

Source: Financialpost August 19, 2023

FP Answers: What’s the best strategy for making good use of my CPP, Old Age Security and RRSP money?

In this reader's case, it makes sense to start collecting CPP right away at age 61 Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on...

Source: Financialpost August 19, 2023

Pierre Poilievre says new immigrants are warning people off Canada — but are they?

Immigrant bloggers say they're more interested in showing the realities of moving to this country than warning people to stay away Get the latest from Naimul Karim straight to your inbox Sign Up In a 10-minute video posted by Nishant...

Source: Financialpost August 19, 2023

Posthaste: Some Canadians are regretting their mortgages amid high interest rates

Survey finds 21.8% can't afford their current mortgage We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Some Canadians are regretti...

Economy Source: Financialpost August 19, 2023

Ex-Bank of Canada governor Poloz sees cracks in consumer resilience

Inflation likely to cool faster than people expect, opening door for lower interest rates Former Bank of Canada governor Stephen Poloz says inflation is likely to cool faster than people are expecting, opening the door for lower interest rates....

Economy Source: Financialpost August 19, 2023

Searching for Trudeaunomics: After three years at finance, Chrystia Freeland’s second act is still unclear

Trudeau needs a solid, simple economic story to tell voters and it will be up to his top lieutenant to devise it Ahead of Prime Minister Justin Trudeau’s cabinet shuffle last month, there was — for a brief Ottawa minute — speculation the govern...

Source: BNN Bloomberg August 15, 2023

TSX today: Index down in late-morning trading

Canada's main stock index was down nearly 100 points in late-morning trading, weighed down by losses in the energy and base metal sectors, while U.S. stock markets were mixed. The S&P/TSX Composite Index was down 89.57 points, or 0.44 per cent, at 20,318.0...