Daily News

Source: BNN Bloomberg August 15, 2023

Rise in oil prices to boost oilfield services stocks: Analyst

A sustained rise in the price of oil could benefit oilfield services and reward investors who pick up these stocks while they remain undervalued, according to one analyst. Speaking with BNN Bloomberg’s Amber Kanwar on Monday, Cole Pereira, vice president o...

Source: BNN Bloomberg August 15, 2023

U.S. tech giants, yields ticked up in choppy session

Tech stocks had their best day in two weeks, helping U.S. equities edge higher in light trading as traders weighed the prospect of a soft landing for the economy. Treasuries fell. The tech-heavy Nasdaq 100 rose 1.2 per cent as AI-favorite Nvidia Corp. and...

Market Call Source: BNN Bloomberg August 15, 2023

Alexander MacDonald's Top Picks: August 14, 2023

Alexander MacDonald, portfolio manager, GlobeInvest Capital Management FOCUS: North American large-cap stocks  MARKET OUTLOOK: A soft landing is looking increasingly likely. U.S. inflation continues to trend downwards, with last week’s report for the...

Source: Financialpost August 15, 2023

Why a Bank of Canada digital loonie would struggle to gain acceptance

Central bank research finds that Canadians already have plenty of payment options Get the latest from Barbara Shecter straight to your inbox Sign Up If the Bank of Canada rolled out a digital currency to enable Canadians to make cashl...

Source: Financialpost August 15, 2023

'Devastating' labour shortages hitting auto sector

Watch: Todd Bourgon of Motor Vehicle Retailers Ontario discusses the state of the auto industry and the future of dealerships Todd Bourgon, executive director at Motor Vehicle Retailers Ontario, talks about the state of the Canadian auto indust...

Source: Financialpost August 15, 2023

Posthaste: Variable-rate mortgages rising again as Canadians bet interest rates have peaked

Homeowners renewing this year or next could see mortgage rate double We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Variable-rate...

Economy Source: Financialpost August 15, 2023

Inflation likely rose again in July, signalling new phase in Bank of Canada's fight

Economists expect inflation will come in higher than central bank's 2% target OTTAWA — Forecasters anticipate this week’s consumer price index report to show inflation rose last month, signalling a reversal in progress after a year of steady de...

Real Estate Source: Financialpost August 15, 2023

'I'm a former Liberal voter': Housing crisis becomes major political threat for Trudeau

Liberals at risk in next election if drastic action not taken soon, experts say OTTAWA — Chris Burke and his fiancée have been less than a year away from buying their first home for the past three years. We apologize, but t...

Source: Financialpost August 14, 2023

Labour market shows signs of softening

Watch: Indeed's Brendon Bernard discusses where wage growth is heading Brendon Bernard, senior economist at Indeed.com, talks about the state of the Canadian labour market, what recent data could mean for the Bank of Canada, and discusses where...

Source: Financialpost August 13, 2023

'Will not be implemented — period': Alberta rejects new draft regulations on clean electricity grid

Environment Minister Steven Guilbeault releases details, says there is room to negotiate OTTAWA — Environment Minister Steven Guilbeault released draft regulations Aug. 10 that are designed to clean Canada’s electricity grid in an affordable wa...