Daily News

Source: BNN Bloomberg June 14, 2023

TSX recap: Index finishes higher amid gains in energy stocks

Gains in the energy, financial and base metal sectors helped Canada's main stock index post a small gain Tuesday as the loonie crested 75 cents U.S., while U.S. markets also rose modestly the day before a highly anticipated interest rate announcement from the...

Source: Financialpost June 14, 2023

Banking headwinds just getting started, so hold off buying the Big Six

Slowing pace of mortgage growth one of the early signs Get the latest from Stephanie Hughes straight to your inbox Sign Up Canada is still in the early innings of a credit cycle that could weigh on the Big Six banks for the remainder...

Source: Financialpost June 14, 2023

Posthaste: Sticking the Bank of Canada with the 'dirty work' means higher rates for longer

Governments need to help battle inflation by reining in spending, says CIBC We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Stickin...

Source: Financialpost June 14, 2023

Philip Cross: Statistics Canada feeding misperception Canadians on the brink of financial ruin

People aren't nearly as stressed for time or money as they say they are Earlier this year, a Statistics Canada survey reported 26 per cent of Canadian households said they wouldn’t be able to cover an unexpected bill of $500 if one came along....

Source: Financialpost June 14, 2023

Bank of Canada rate hike seen as 'canary in a coal mine' as Fed decision looms

Surprise interest rate hikes from Canada and Australia suggest larger markets may also need to tighten further The Bank of Canada‘s surprise decision to raise its benchmark interest rate June 7 sent ripples through global bond markets and has a...

Retail & Marketing Source: Financialpost June 14, 2023

Canadians retreat at the grocery store, flock to discount retailers in search of deals

High interest rates, inflation causing change in shopping habits that's boosting discount stores' sales Searching “Dollarama finds” on TikTok pulls up thousands of videos of people showing off the latest deals and unexpected products they come...

Source: BNN Bloomberg June 13, 2023

Nasdaq 100 up almost 2% in run-up to CPI report

The stock market kept its bullish momentum as traders geared up for a pause in one of the Federal Reserve’s most-aggressive tightening campaigns in decades. Big tech led equity gains, with the Nasdaq 100 up almost 2 per cent and the S&P 500 topping its clo...

Source: BNN Bloomberg June 13, 2023

​Are cybersecurity stocks positioned to rise? Here’s what one analyst says

Demand for cybersecurity remains front and centre for companies looking to keep up in the tech era, which is why one analyst says she is bullish on stocks within the sector.    Speaking with BNN Bloomberg’s Amber Kanwar on Monday, Catharine Trebnick, senior...

Market Call Source: BNN Bloomberg June 13, 2023

Stan Wong's Top Picks: June 12, 2023

Stan Wong, portfolio manager, Scotia Wealth Management FOCUS: North American large caps and ETFs  MARKET OUTLOOK: Equity markets continue to defy the pessimism of the market’s bears as the recovery rally approaches its eighth month. Since hitting t...

Source: BNN Bloomberg June 13, 2023

U.S. Federal Reserve to keep rates high due to inflation fuelled by corporate greed: Investors

Soaring corporate profits are a big part of the inflation problem, and keeping interest rates high is the best way to rein them in, according to Bloomberg’s latest poll of professional and retail investors. Some 90 per cent of 288 respondents in a Markets...