Daily News

Source: Financialpost July 24, 2023

Bank of Canada should stop hiking interest rates now: Benjamin Tal

Watch: CIBC deputy chief economist says more rate hikes will cause a recession Benjamin Tal, deputy chief economist at CIBC, talks with the Financial Post’s Larysa Harapyn about the latest inflation data, the impact on the Bank of Canada‘s next...

Source: Financialpost July 23, 2023

Howard Levitt: Are your employees really working or are they delegating to ChatGPT?

AI poses risks to employers Companies across Canada are rushing to bring artificial intelligence into their workflows. But what risks does AI pose to employers and what should they do to protect themselves? THIS CONTENT IS RESERVED FOR...

Source: Financialpost July 23, 2023

Immigration to boost luxury home prices amid low supply

Watch: Sotheby's Don Kottick on why the luxury real estate market has started to diverge in major cities Don Kottick, chief executive of Sotheby’s International Realty Canada, talks with the Financial Post’s Larysa Harapyn about the state of th...

Source: BNN Bloomberg July 22, 2023

We're at the beginning stages of this tech rally: Expert

One investment professional says we're just at the beginning of the tech market rally, and he suggests investors look at big and small tech names to pad out their portfolios.                   Eric Jackson, founder and president of EMJ Capital, told BNN Blo...

Source: BNN Bloomberg July 22, 2023

The Week Ahead: Loblaw earnings; Canada GDP

Monday, July 24 Notable earnings: Domino’s Pizza, Whirlpool Tuesday, July 25 Notable earnings: First Quantum Minerals, CN Rail, Kimberly Clark, General Motors, Xerox, General Electric, Verizon, Dow Inc., 3M, Biogen, Snap Inc., Waste Managemen...

Source: BNN Bloomberg July 22, 2023

U.S. tech rises with eyes on earnings in week ahead

U.S. technology stocks staged a rebound on Friday as investors looked to earnings in the week ahead after a disappointing batch of results earlier this week. The Nasdaq 100 gained 0.3 per cent in afternoon trading, clawing back the tech-heavy index’s sharp...

Source: BNN Bloomberg July 22, 2023

TSX recap: Index climbs 110 points on energy, telecoms

Canada's main stock index gained more than 100 points Friday, led by strength in energy and telecom stocks, while U.S. markets were mixed.  The S&P/TSX Composite Index was up 110.64 points, or 0.54 per cent, at 20,547.51. In New York, the Dow Jones Indu...

Source: Financialpost July 22, 2023

Posthaste: Latest Bank of Canada rate hike to take toll on many people's finances

59% expecting a negative impact, survey says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Latest Bank of Canada rate hike to ta...

Source: Financialpost July 22, 2023

'Surprised if Bank of Canada continued to raise rates': What economists are saying about retail sales

Slowdown could stay central bank's hand Consumers appear to be ramping down their spending, according to the latest retail sales data, leading some economists to think the slowdown could act as a stay on more interest rate hikes from the Bank o...

Economy Source: Financialpost July 22, 2023

Retail sales start to stall as higher interest rates bite

May's figure falls short of estimates, sales were flat in June Canadian consumers may be ready to wind down their spending, with retail sales data showing waning momentum at the end of the second quarter. THIS CONTENT IS RESERVED FOR SU...