Daily News

Source: Financialpost July 20, 2023

David Rosenberg: The only inflation left to tame is being caused by the Bank of Canada itself

Strip out mortgage costs, and inflation for the other 95% of the pricing pie is at the central bank's target of 2% Of course, the inflation-phobes will never be silenced and are saying that inflation is being skewed down by gasoline, that the p...

Source: BNN Bloomberg July 19, 2023

U.S. equities gain as banks, AI-linked stocks rally

U.S. equities rose Tuesday as results from Bank of America Corp. and Morgan Stanley bolstered bank shares, and a rally in stocks linked to artificial intelligence resumed. Bank of America delivered a surprise gain from its core Wall Street businesses. Morg...

Source: BNN Bloomberg July 19, 2023

​TSX recap: Index finishes 0.74 per cent higher amid gains in energy stocks

Canada's main stock index gained almost 150 points, led by strength in the energy sector, while U.S. stock markets also rose. The S&P/TSX Composite Index was up 149.78 points, or 0.74 per cent, at 20,376.57. In New York, the Dow Jones Industrial Average...

Market Call Source: BNN Bloomberg July 19, 2023

Ryan Bushell's Top Picks: July 18, 2023

Ryan Bushell, president and portfolio manager, Newhaven Asset Management FOCUS: Canadian dividend stocks  MARKET OUTLOOK: Markets have continued their ascent higher despite the further tightening of monetary policy on both sides of the border. The...

Source: Financialpost July 19, 2023

Canada pushing ahead with tax on Big Tech opposed by U.S., Freeland says

Ottawa already agreed to a delay in 2020 on implementing digital services tax Canada still plans to introduce a digital services tax in 2024 despite U.S. opposition, Finance Minister Chrystia Freeland said. THIS CONTENT IS RESERVED FOR...

Source: Financialpost July 19, 2023

Posthaste: Is income tax rate on the wealthy too high? A lot of Canadians seem to think so, poll suggests

More than half of Canadians say top personal tax rate should be 50% or less, but it exceeds that in all but two provinces We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see othe...

Source: Financialpost July 19, 2023

'Bank of Canada can't get too excited': What economists are saying about inflation numbers

Some think inflation will go up again from here Headline inflation slowed to 2.8 per cent in June, beating analyst estimates of a year-over-year increase of three per cent, but some economists warn it could again rise above three per cent in th...

Economy Source: Financialpost July 19, 2023

Inflation cools to 2.8% in June, but food and mortgage costs up sharply

Prices at the grocery store rose 9.1% in sign of tricky balancing act ahead for central bank The rise in consumer prices decelerated again in June, but costs for shelter and food are still putting a strain on Canadians’ wallets, evidence that b...

Source: BNN Bloomberg July 18, 2023

U.S. stocks climb after Yellen eases recession fears

U.S. stocks resumed a rally as investors weighed bets the Federal Reserve is approaching the end of its interest-rate hikes against evidence pointing to a slowdown in China’s economy. The S&P 500 gained 0.4 per cent and the tech-heavy Nasdaq 100 rose 0.8 p...

Market Call Source: BNN Bloomberg July 18, 2023

Brendan Caldwell's Top Picks: July 17, 2023

Brendan Caldwell, president, CEO and CIO, Caldwell Investment Management FOCUS: North American large-cap stocks  MARKET OUTLOOK: Macroeconomic statistics paint a mixed picture of the overall health of the economy but consumer spending is resilient...