Daily News

Source: Financialpost July 27, 2023

Posthaste: Auto theft is climbing in Ontario and drivers are deeply worried

But many aren't going beyond the basics to prevent theft, CAA says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Auto theft is c...

Source: Financialpost July 27, 2023

Joe Oliver: We are in the grip of climate-change catastrophism

Movement's catchphrase is that the science is settled, but science is never settled and good policy takes that into account The climate-change movement is a powerful cultural entity. It does not affirm or negate the reality of its core narrativ...

Source: Financialpost July 27, 2023

Toronto housing market hits the brakes

Watch: Realosophy Realty's John Pasalis on why the market is cooling down and more John Pasalis, president of Realosophy Realty, talks with Financial Post’s Larysa Harapyn about how Toronto’s housing market has hit the brakes. He discusses why...

Source: Financialpost July 27, 2023

Mortgage lenders brace for 'challenge' when borrowers face renewal crunch

Credit unions say so far no significant loan losses Get the latest from Barbara Shecter straight to your inbox Sign Up Banks aren’t the only lenders facing clients under pressure as rising interest rates ramp up monthly payments for b...

Source: BNN Bloomberg July 26, 2023

Analyst talks opportunities in industrial stocks

The TSX industrials sector has outperformed the index at large through the past year and this strength is likely to continue for some stocks, one analyst says.    Speaking with BNN Bloomberg’s Amber Kanwar on Wednesday, Maxim Sytchev, managing director of in...

Market Call Source: BNN Bloomberg July 26, 2023

Brian Madden's Top Picks: July 25, 2023

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK: Upside participation in U.S. markets is tentatively expanding, with the equal-weighted S&P 500 slightly outperforming the tradit...

Company News Source: BNN Bloomberg July 26, 2023

Alphabet shares gain on revenue beat from Google search

Google parent Alphabet Inc. reported second-quarter revenue that exceeded analysts’ expectations, boosted by advertising on the company’s flagship search business, which is withstanding new competition from artificial intelligence chatbots.  Alphabet’s sal...

Source: BNN Bloomberg July 26, 2023

TSX recap: Index finishes 0.15% lower amid mixed results

Canada's main stock index ticked lower Tuesday amid mixed trading results, while U.S. markets moved higher.  The S&P/TSX Composite Index closed down 30.59 points, or 0.15 per cent, at 20,551.53. In New York, the Dow Jones Industrial Average was up 26.83...

Source: BNN Bloomberg July 26, 2023

Tech giants lift U.S. stocks as AI Euphoria put to test

A rally in big tech drove stocks higher, with traders counting on the earnings season to see whether the enthusiasm around artificial intelligence will justify this year’s market advance. The S&P 500 hit its highest since April 2022, while the Nasdaq 100 o...

Company News Source: BNN Bloomberg July 26, 2023

Microsoft posts tepid sales growth as cloud business slows

Microsoft Corp. reported tepid fourth-quarter sales growth, held back by decelerating demand for cloud-computing services while the software maker waits for a revenue boost from new artificial intelligence-powered products. Profit in the period ended June...