Daily News

Source: BNN Bloomberg June 16, 2023

U.S. stock rally is deepening beyond AI-fueled craze

The stock rally driven by the exuberance surrounding artificial intelligence is widening beyond the tech industry, defying naysayers and raising concern about an overbought market. Mounting bets that the Federal Reserve will end its tightening cycle sooner...

Source: BNN Bloomberg June 16, 2023

TSX positioned to outperform S&P 500 for the next decade: Strategist

The Canadian equity market could potentially reward investors more than the S&P 500 over the next 10 years, one strategist says. Elevated inflation and heightened commodity prices could cause the TSX to outperform the S&P 500, as both factors are likely to...

Market Call Source: BNN Bloomberg June 16, 2023

Paul Harris' Top Picks: June 15, 2023

Paul Harris, partner and portfolio manager, Harris Douglas Asset Management FOCUS: North American and global large caps  MARKET OUTLOOK: The big issue that faces the market is inflation. The U.S. Federal Reserve and other central banks reiterated t...

Source: BNN Bloomberg June 16, 2023

TSX recap: Index finishes slightly higher amid gains in energy stocks

Canada's main stock index just eked out a gain Thursday, buoyed by energy and metals stocks, while U.S. stock markets rose.  The S&P/TSX Composite Index was up 12.26 points, or 0.06 per cent, at 20,027.35. In New York, the Dow Jones Industrial Average w...

Source: BNN Bloomberg June 16, 2023

Looking at AI stocks? Go with Google, skip NVIDIA and Tesla, expert says

The artificial intelligence industry is still new to many people, but it's already making waves in the business world. Earlier this week, the S&P 500 entered a bull market, meaning it was up 20 per cent from its low in October and the growth is largely on...

Source: Financialpost June 16, 2023

Putin's Economic Forum Puts Russia's Isolation on Display

Vladimir Putin’s annual economic forum in St. Petersburg was a magnet for global politicians and investors until his invasion of Ukraine. Now it’s become a measure of Russia’s deepening isolation. (Bloomberg) — Vladimir Putin’s annual economic...

Source: Financialpost June 16, 2023

Ross McKitrick: The truth about forest fires goes up in climate-change smoke

We're told we should listen to the science, but the science on forest fires is that they peaked in the 1980s Until the recent Canadian wildfires sent plumes of smoke over the densely populated cities around the Great Lakes and along the Eastern...

Source: Financialpost June 16, 2023

Canada’s grocers could soon face windfall tax if Competition Bureau finds price gouging

Windfall tax one of 13 recommendations made by agricultural committee Ottawa should implement a windfall tax on grocers if the Competition Bureau finds they are generating excess profits on food items, the parliamentary agriculture committee sa...

Source: Financialpost June 16, 2023

Taxpayer who hired mother-in-law, wife as assistants gets pushback from CRA

Jamie Golombek: CRA often challenges expenses when employee in higher tax bracket redirects income to low-income family member Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate comm...

Source: Financialpost June 16, 2023

Bank of Canada has 18 months to rein in inflation or risk a '70s rerun, warns David Dodge

Canadians need to look through higher interest rates because they too will come down Get the latest from Barbara Shecter straight to your inbox Sign Up Former Bank of Canada governor David Dodge says the central bank has a year to 18...