Daily News

Source: Bankofcanada July 12, 2023

Monetary Policy Report Press Conference Opening Statement

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement and the Bank of Canada’s Monetary...

Source: Financialpost July 12, 2023

Trans Mountain expansion's pipe dream marred as overruns drive up cost of exporting oil to Asia

Set to become a $20-billion taxpayers’ headache and an expensive option for exporters A Canadian pipeline hailed as a cheap and speedy way to send oil to Asia is set to become a $20-billion taxpayers’ headache and an expensive option for export...

Source: Financialpost July 12, 2023

Posthaste: How another Bank of Canada rate hike will affect the housing market

Hike tomorrow could put prime rate at 7.2 per cent, the highest in 22 years We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: How ano...

Source: Financialpost July 12, 2023

A heat wave will cook an electric car battery, if you let it

Extreme heat is akin to heart disease for EV batteries, or a mellow and slow-moving form of cancer Consider it ironic, or at least a little poetic: Electric vehicles, great for combating climate change, don’t do well in extreme heat. It’s a par...

Source: Financialpost July 12, 2023

Financial pressure building on several fronts for Canadians as Bank of Canada decision looms, poll finds

More Canadians likely to declare bankruptcy, saving for retirement pushed to back burner Having exhausted their savings, Canadians are now struggling on a series of financial fronts, according to latest reading from an ongoing poll that is bein...

Source: BNN Bloomberg July 11, 2023

Wall Street kicks off earnings week with caution

The stock market started the week on a cautious note, with traders awaiting key inflation gauges, a slew of Federal Reserve speakers and the beginning of the U.S. earnings season. Following a three-day slide in the S&P 500, the equity benchmark fluctuated...

Source: BNN Bloomberg July 11, 2023

These medical device stocks are positioned to grow: Portfolio manager

Medical device companies suffered a slow period amid the pandemic as hospitals battled with COVID-19, but now, these manufacturers stand to benefit from pent-up demand, one portfolio manager says. Speaking with BNN Bloomberg’s Amber Kanwar on Monday, Rob M...

Source: BNN Bloomberg July 11, 2023

TSX recap: Index dips slightly on telecom, utility losses

Canada's main stock index ticked lower Monday, weighed down by losses in telecom and utility stocks, while U.S. stock markets rose. The S&P/TSX Composite Index was down 8.59 points, or 0.04 per cent, at 19,822.45. In New York, the Dow Jones Industrial A...

Source: BNN Bloomberg July 11, 2023

'Priced for perfection' stocks stay in tight range

The stock market kicked off the week on a cautious note, with traders sifting through remarks from a slew of Federal Reserve speakers while awaiting key inflation data and the start of the earnings season. Following a three-day slide in the S&P 500, the be...

Market Call Source: BNN Bloomberg July 11, 2023

David Baskin's Top Picks: July 10, 2023

David Baskin, chairman at Baskin Wealth Management FOCUS: North American large caps  MARKET OUTLOOK: Economic conditions remain surprisingly strong in spite of the significant increases in interest rates in all markets. Unemployment in North Americ...