Daily News

Economy Source: Financialpost August 19, 2023

Searching for Trudeaunomics: After three years at finance, Chrystia Freeland’s second act is still unclear

Trudeau needs a solid, simple economic story to tell voters and it will be up to his top lieutenant to devise it Ahead of Prime Minister Justin Trudeau’s cabinet shuffle last month, there was — for a brief Ottawa minute — speculation the govern...

Source: BNN Bloomberg August 15, 2023

TSX today: Index down in late-morning trading

Canada's main stock index was down nearly 100 points in late-morning trading, weighed down by losses in the energy and base metal sectors, while U.S. stock markets were mixed. The S&P/TSX Composite Index was down 89.57 points, or 0.44 per cent, at 20,318.0...

Source: BNN Bloomberg August 15, 2023

Rise in oil prices to boost oilfield services stocks: Analyst

A sustained rise in the price of oil could benefit oilfield services and reward investors who pick up these stocks while they remain undervalued, according to one analyst. Speaking with BNN Bloomberg’s Amber Kanwar on Monday, Cole Pereira, vice president o...

Source: BNN Bloomberg August 15, 2023

U.S. tech giants, yields ticked up in choppy session

Tech stocks had their best day in two weeks, helping U.S. equities edge higher in light trading as traders weighed the prospect of a soft landing for the economy. Treasuries fell. The tech-heavy Nasdaq 100 rose 1.2 per cent as AI-favorite Nvidia Corp. and...

Market Call Source: BNN Bloomberg August 15, 2023

Alexander MacDonald's Top Picks: August 14, 2023

Alexander MacDonald, portfolio manager, GlobeInvest Capital Management FOCUS: North American large-cap stocks  MARKET OUTLOOK: A soft landing is looking increasingly likely. U.S. inflation continues to trend downwards, with last week’s report for the...

Source: Financialpost August 15, 2023

Why a Bank of Canada digital loonie would struggle to gain acceptance

Central bank research finds that Canadians already have plenty of payment options Get the latest from Barbara Shecter straight to your inbox Sign Up If the Bank of Canada rolled out a digital currency to enable Canadians to make cashl...

Source: Financialpost August 15, 2023

'Devastating' labour shortages hitting auto sector

Watch: Todd Bourgon of Motor Vehicle Retailers Ontario discusses the state of the auto industry and the future of dealerships Todd Bourgon, executive director at Motor Vehicle Retailers Ontario, talks about the state of the Canadian auto indust...

Source: Financialpost August 15, 2023

Posthaste: Variable-rate mortgages rising again as Canadians bet interest rates have peaked

Homeowners renewing this year or next could see mortgage rate double We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Variable-rate...

Economy Source: Financialpost August 15, 2023

Inflation likely rose again in July, signalling new phase in Bank of Canada's fight

Economists expect inflation will come in higher than central bank's 2% target OTTAWA — Forecasters anticipate this week’s consumer price index report to show inflation rose last month, signalling a reversal in progress after a year of steady de...

Real Estate Source: Financialpost August 15, 2023

'I'm a former Liberal voter': Housing crisis becomes major political threat for Trudeau

Liberals at risk in next election if drastic action not taken soon, experts say OTTAWA — Chris Burke and his fiancée have been less than a year away from buying their first home for the past three years. We apologize, but t...