Daily News

Source: Financialpost October 07, 2023

Growing wages may force Bank of Canada to raise interest rates again

Rising wages represent a complicating factor because central bankers believe they can be inflationary Wages continued to grow in September, extending a trend that will help households cope with higher prices, but could also force the Bank of Ca...

Source: BNN Bloomberg October 06, 2023

Wall Street on edge as traders await payrolls data

Stocks and bonds have backed away from the worst of this week’s slump, though key data Friday threatens to spur a fresh slide. U.S. equity benchmarks ended the day pointing lower Thursday after the latest data showed weekly unemployment claims holding near...

Market Call Source: BNN Bloomberg October 06, 2023

Darren Sissons' Top Picks: October 5, 2023

Darren Sissons, partner and portfolio manager, Campbell, Lee & Ross FOCUS: Global and technology stocks  MARKET OUTLOOK: Given the likelihood of higher-for-longer interest rates and the current geopolitical uncertainty in China, Ukraine and the app...

Source: BNN Bloomberg October 06, 2023

TSX recap: Index finishes 0.54% higher amid gains in telecom stocks

Strength in utility and telecom stocks helped lift Canada's main stock index higher on Thursday, while U.S. stock markets moved lower. The S&P/TSX Composite Index closed up 103.00 points, or 0.54 per cent, at 19,137.81. In New York, the Dow Jones Indust...

Source: Financialpost October 06, 2023

Matthew Lau: Chrystia Freeland spins the job numbers

It’s misleading to claim that recent employment statistics reflect a thriving economy Statistics without context are often misleading, and politicians are always keen to report numbers in a way that highlights their efficacious management. Any...

Source: Financialpost October 06, 2023

How to use RRSPs, TFSAs and more to save on taxes and get 'free' money

Jamie Golombek: Here's how to prioritize contributions to registered savings plans to eliminate, or at least minimize, taxes on investment income Reviews and recommendations are unbiased and products are independently selected. Postmedia may ear...

Source: Financialpost October 06, 2023

Posthaste: What the global bond meltdown means to you — and your mortgage

Mortgage fixed-rates are rising as the bond rout threatens havoc around the world The selloff in government bonds in recent days is being called “one of the most violent recalibrations” of the bond market in recent years, and the shoc...

Economy Source: Financialpost October 06, 2023

Unemployment rate likely rose in September, increasing odds of Bank of Canada hold

Unemployment rate seen rising to 5.6% in September, economists say An expected uptick in the unemployment rate could prompt the Bank of Canada to hold interest rates again at its next policy meeting, as policymakers bet the labour market is loo...

Source: BNN Bloomberg October 05, 2023

Tech stocks poised to do well in the coming months, money manager says

The tech sector has come under pressure with the recent U.S. market selloff, but a money manager expects some of these stocks will rebound in the coming months.    Eric Jackson, founder and president at EMJ Capital, told BNN Bloomberg on Wednesday that despi...

Market Call Source: BNN Bloomberg October 05, 2023

Greg Newman's Top Picks: October 4, 2023

Greg Newman, senior wealth advisor and portfolio manager, Newman Group, Scotia Wealth Management FOCUS: North American stocks   MARKET OUTLOOK: What a brutal sell-off. The chief culprit – the whole bond complex – has had massive moves over the last...