Daily News

Source: BNN Bloomberg June 28, 2023

TSX Recap: Index up 0.74% on broad gains

Canada's main stock index rose almost 150 points Tuesday amid broad-based gains, while U.S. markets also rose. The S&P/TSX Composite Index was up 145.77 points, or 0.74 per cent, at 19,733.09. In New York, the Dow Jones Industrial Average was up 212.03...

Source: BNN Bloomberg June 28, 2023

Women can benefit from investing for their needs: Ellevest CEO

The CEO of a trading platform designed for women believes women can benefit from a strategy designed for their unique needs. Sallie Krawcheck, co-founder and CEO of Ellevest, said women tend to live longer, earn less, invest less and take more career break...

Source: BNN Bloomberg June 28, 2023

Bank stocks need to recover before the TSX can go higher this year: Technical strategist

The Toronto Stock Exchange does not have a chance at ending this year higher unless Canadian bank stocks improve, a technical strategist says. Speaking with BNN Bloomberg on Tuesday, Strategas Research Partners’ ETF and technical strategist, Todd Sohn, said b...

Source: Financialpost June 28, 2023

Brace for another Bank of Canada rate hike: What economists say about the latest inflation report

Inflation accelerates in May to 3.4 per cent, the slowest pace since June 2021 Inflation in Canada slowed in May to 3.4 per cent, matching economist estimates, but many don’t think that will be enough to convince the Bank of Canada to back away...

Source: Financialpost June 28, 2023

Amazon's Vancouver office building, second tower for sale by Canadian pension funds

Oxford Properties and CPPIB move offers first clues to sector's worth in remote work environment An Amazon.com Inc. office building in Vancouver, along with a neighbouring tower, are up for sale by two of Canada’s largest pension funds, accordi...

Source: Financialpost June 28, 2023

Homeowners abandon variable-rate mortgages for fixed-rate alternatives as interest rates rise

Rush away from variable-rate mortgages deepens for 13th consecutive month As interest rates continue their upward trajectory, an increasing number of Canadian homeowners are abandoning variable-rate mortgages in favour of fixed-rate alternative...

Source: Financialpost June 28, 2023

Posthaste: Canada's housing market is hot again — expect it to stay that way, economists say

Market will stay strong thanks to a number of economic factors, clipping affordability even more, Desjardins says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos...

Economy Source: Financialpost June 28, 2023

Inflation slows to 3.4% in May

Inflation cooled significantly on lower gas prices After a brief uptick in April, inflation slowed in May due to lower gasoline prices and base-year effects, easing pressure on the Bank of Canada as it attempts to bring price growth back to its...

Source: BNN Bloomberg June 27, 2023

U.S. tech stocks slide as traders rein in rate cut bets

U.S. stocks fell while government bonds advanced as traders unwound bets the Federal Reserve will cut interest rates this year. The Nasdaq 100 dropped 1.4 per cent Monday, sliding for a second day after suffering its worst week since March. Profit taking i...

Market Call Source: BNN Bloomberg June 27, 2023

Keith Richards' Top Picks: June 26, 2023

Keith Richards, president and chief portfolio manager, ValueTrend Wealth Management FOCUS: Technical analysis MARKET OUTLOOK: The U.S. market is in a yin-yang situation. On the positive side, a technical breakout on the S&P 500 (SPX) and the Nasdaq...