Daily News

Source: Financialpost June 25, 2023

Posthaste: Think gas prices are done fuelling inflation and interest rate hikes? Think again

Economist says prices at the pumps still 40% higher than pre-pandemic and are spilling over into other parts of economy We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other...

Market Call Source: BNN Bloomberg June 24, 2023

Brian Madden's Top Picks: June 23, 2023

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK: As expected, America avoided the low probability, high severity, spectre of a debt default. Relief rallying by investors who exp...

Source: BNN Bloomberg June 24, 2023

The Week Ahead: CPI data due; U.S. GDP

Monday, June 26 Notable data: Bloomberg Nanos Confidence, Bloomberg June Canada Economic Survey Notable earnings: Carnival Corp. Tuesday, June 27 Notable data: Consumer Price Index, CFIB Business Barometer, U.S. Durable Goods Orders, S&P Co...

Source: BNN Bloomberg June 24, 2023

U.S. stocks slide on specter of recession in Europe

U.S. stocks notched the worst week since March as anxiety rose that central banks will have to ratchet interest rates higher to tamp down inflation. Bonds rallied on bets that excessive tightening will bring on sharp economic downturns. The S&P 500 Index e...

Source: BNN Bloomberg June 24, 2023

TSX recap: Index finishes 0.83% lower amid losses in base metal stocks

Canada's main stock index dropped on Friday as the price of oil stayed below US$70 a barrel and losses in the base metal and battery metal stocks weighed on the Toronto market. The S&P/TSX Composite Index was down 162.67 points, or 0.83 per cent, at 19,418...

Source: Financialpost June 24, 2023

Terence Corcoran: A malicious smear job — What does Mein Kampf have to do with Canadian media?

Author's views are wrong, often inconsistent and ultimately a threat to principles of press freedom, writes Terence Corcoran A sure indicator that an anti-capitalism author is about to drive his ideological semi-trailer off the highway and into...

Source: Financialpost June 24, 2023

Jack Mintz: Mega-subsidies for some companies, new taxes for others sets Canada up for skewed economic growth

Market failure? Advocates of industrial policy need to worry about government failure Ginormous subsidies to clean-energy companies, whose owners will be enriched at the expense of other industries and taxpayers, are the latest example of misdi...

Source: Financialpost June 24, 2023

Bank of Canada expected to raise interest rates one more time, capping at 5%

Economists predict another 25 basis point hike as early as July before increases stop completely The Bank of Canada will raise borrowing costs by another 25 basis points in coming months before capping its tightening cycle, economists said....

Source: BNN Bloomberg June 23, 2023

Bond yields climb on hawkish central bank warnings

Bond yields climbed after major central banks warned about the potential for more interest-rate hikes, with officials signaling they’re nowhere near ready to declare victory over inflation. Treasury two-year yields hit the highest since March as Jerome Pow...

Source: BNN Bloomberg June 23, 2023

TSX recap: Index down 0.63% as energy stocks fall

Canada's main stock index was down more than 100 points Thursday as the price of oil weakened energy stocks amid weakness in base metals and financials, while U.S. markets were mixed.   The S&P/TSX Composite Index was down 125.05 points, or 0.63 per cent,...