Daily News

Source: Financialpost August 07, 2023

Costco voted most respected grocery store in Canada, while Loblaw falls in survey ranking

Discount stores get boost from shoppers looking for bargains Shoppers have named Costco Wholesale Corp. the most respected grocery retailer in Canada, according to a new survey. We apologize, but this video has failed to lo...

Source: Financialpost August 06, 2023

'Need too great': Canada could raise immigration targets despite housing crunch

Marc Miller to announce new targets on Nov. 1 Prime Minister Justin Trudeau’s government won’t lower its immigration targets despite growing criticism that drastic population growth worsens existing housing shortages. We ap...

Source: BNN Bloomberg August 05, 2023

S&P 500 wipes out almost 1% gain; bond yields drop

Stocks fell as Apple Inc. dipped below the US$3 trillion mark and some other megacaps like Tesla Inc. and Meta Platforms Inc. slipped. Amazon.com Inc. jumped after its results. Treasuries rose, reversing some of this week’s losses after mixed jobs data. Th...

Market Call Source: BNN Bloomberg August 05, 2023

Lorne Steinberg's Top Picks: August 4, 2023

Lorne Steinberg, president Lorne Steinberg Wealth Management FOCUS: Global value stocks and high-yield bonds  MARKET OUTLOOK: There has not been a lot of positive news thus far in 2023. The war in Ukraine is in its eighteenth month with no end in s...

Source: BNN Bloomberg August 05, 2023

The Week Ahead: Building permit data due; U.S. CPI

Saturday, August 5 Notable earnings: Berkshire Hathaway Monday, August 7 NOTE: BNN Bloomberg is dark, Canadian markets are closed Notable earnings: Tyson Foods, Beyond Meat Tuesday, August 8 Notable data: Merchandise Trade Balanc...

Source: BNN Bloomberg August 05, 2023

TSX recap: Index rises 0.57% amid gains in utilities stocks

Canada's main stock market rose more than 100 points to close out the week, driven by utilities, energy and financial stocks, while U.S. markets edged lower. The S&P/TSX Composite Index closed up 115.30 points, or 0.57 per cent, at 20,236.04. In New Yor...

Source: BNN Bloomberg August 05, 2023

Apple loses historic US$3T crown as sales disappoint

Apple Inc.’s market value is now decisively below the historic US$3 trillion level, after the iPhone maker’s outlook for the fourth quarter sparked worries over tepid demand for its handsets and other gadgets. Shares in the California-based company dropped...

Source: Financialpost August 05, 2023

Matthew Lau: Canadian governments are spending us into misery

Government spending does not stimulate economic growth (not even in recessions) Two statistics illustrate Canada’s disastrous economic outcomes in recent years and the bleak outlook. First, as Fraser Institute senior fellow and former Statistic...

Source: Financialpost August 05, 2023

Telus to lay off 6,000 workers as net income drops 61%

Cut includes 4,000 workers at its main Telus business and another 2,000 at Telus International VANCOUVER — Telus Corp. says it is cutting 6,000 jobs. We apologize, but this video has failed to load. Try refreshing your brow...

Source: Financialpost August 05, 2023

Canada has no plans to decrease immigration amid housing criticism, new minister says

'I don’t see a world in which we decrease it currently,' Marc Miller says Get the latest from Naimul Karim straight to your inbox Sign Up Canada’s new immigration minister said he is open to “having a conversation” on concerns raised...