Daily News

Economy Source: Financialpost July 29, 2023

Canada's economy grows 0.3% in May, but likely shrank in June

Early estimate sees 1% growth in second quarter OTTAWA — Statistics Canada say the Canadian economy grew by 0.3 per cent May. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Ca...

Economy Source: Financialpost July 29, 2023

Slowing growth could keep Bank of Canada on sidelines

What the economists say about the latest GDP numbers Canada’s economic growth slowed in the second quarter after a strong start to the year, data from Statistics Canada showed Friday. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscr...

Source: BNN Bloomberg July 28, 2023

Halal finance options have expanded in recent years, but demand outstrips supply

When Imad Ansari wanted to start investing around 15 years ago, his options were limited. As a practicing Muslim, Ansari wanted to make sure his investments were halal, meaning that they followed Islamic rules. But there was little on offer that adhered to...

Economics Source: BNN Bloomberg July 28, 2023

Extreme weather can harm businesses. Can this tool help investors adapt?

Market participants do not have a clear way of assessing how extreme weather could hurt a business they are looking to invest in – but researchers at an Ontario university have proposed a new tool to fill that gap.   A report published this week by the Intac...

Market Call Source: BNN Bloomberg July 28, 2023

Stan Wong's Top Picks: July 27, 2023

Stan Wong, portfolio manager, Scotia Wealth Management FOCUS: North American large caps and ETFs  MARKET OUTLOOK: Despite facing challenges such as a banking crisis, rising interest rates and lingering recession worries, equity markets have demonst...

Company News Source: BNN Bloomberg July 28, 2023

CPKC chief exec cites 'challenging' three months following railway merger

Canadian Pacific Kansas City Ltd. framed its first quarter following a major merger as a tough one, as demand for container shipments and some bulk goods fell across the rail sector. “No doubt it's a challenging quarter as we dealt with a softer demand env...

Source: BNN Bloomberg July 28, 2023

Nasdaq 100 up 2% as GDP fuels ‘soft landing’ calls

U.S. stocks rose as data signaled the world’s largest economy remains strong despite the Federal Reserve’s aggressive tightening campaign, bolstering the case for a so-called soft landing. Major equity benchmarks gained as a report showed gross domestic pr...

Source: BNN Bloomberg July 28, 2023

​Tech stocks that stand to benefit from AI: Portfolio manager

Artificial intelligence has caught the imagination of investors and the attention of numerous companies that could use it to grow tremendously, one investment professional says.    Speaking with BNN Bloomberg’s Amber Kanwar on Thursday, Francisco Bido, senio...

Source: BNN Bloomberg July 28, 2023

TSX recap: Index down 0.86% on broad declines

Canada's main stock index was down almost 200 points Thursday amid broad-based weakness led by telecom and utilities stocks, while U.S. markets also moved lower. Markets held in throughout the morning before sliding downward throughout the afternoon. Th...

Source: Financialpost July 28, 2023

'I feel abandoned' — businesses warn of bankruptcy as deadline to pay back COVID loans looms

Nearly 250,000 small businesses who received CEBA loans are in danger of shutting down, says CFIB Get the latest from Naimul Karim straight to your inbox Sign Up Business in the last year has been worse than it was during the pandemic...