Daily News

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...

Company News Source: BNN Bloomberg June 13, 2023

Oracle tops sales estimates as AI-frenzy spurs cloud demand

Oracle Corp. reported quarterly revenue that topped estimates, signaling the software maker’s cloud business is benefiting from heightened demand for artificial intelligence workloads. Shares gained in extended trading. Sales increased 17 per cent to US$13...

Source: Financialpost June 13, 2023

Teachers' restructures real estate division, names new Cadillac Fairview CEO

John Sullivan will be replaced by Salvatore Iacono TORONTO — The Ontario Teachers’ Pension Plan says it’s switching up how it handles real estate investments while announcing that the head of its Cadillac Fairview subsidiary is retiring....

Source: Financialpost June 13, 2023

Posthaste: Why the Bank of Canada will likely raise interest rates again — and maybe again

One and done? Not likely, say economists and the market which predicts one, maybe two, more hikes We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team....

Source: Financialpost June 13, 2023

David Rosenberg: The Bank of Canada may rue its recent interest rate hike

Areas of the economy most sensitive to rates already seem to be in recession There are lies. There are damned lies. And then there are statistics. To paraphrase Mark Twain. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to...

Economy Source: Financialpost June 13, 2023

Protectionism and lack of investment are hobbling Canada's economic potential, report argues

Country on a path to fall behind in competitiveness and experience a slow erosion of living standards Get the latest from Barbara Shecter straight to your inbox Sign Up Canada’s economy isn’t focused enough on investment, a shortcomin...