Daily News

Source: Financialpost November 02, 2022

Bank of Canada is walking a fine line, but rates will go higher, says Tiff Macklem

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Maybe it's a big...

Source: BNN Bloomberg November 01, 2022

The Week Ahead: Earnings from Canada Goose; Canadian labour force survey

Monday, October 31 Notable data: Bloomberg Nanos Confidence, Chicago PMI Notable earnings: Fairfax Financial Holdings, Surge Energy, IAMGOLD, NexGen Energy, Hut 8 Mining, Knight Therapeutics, Turquoise Hill Resources, K-Bro Linen, Paramount Resources,...

Source: BNN Bloomberg November 01, 2022

U.S. stocks pare big October rally as bond yields climb

Stocks trimmed their monthly surge and bond yields jumped, with investors awaiting Wednesday’s Federal Reserve decision for clues on whether officials will dial back the pace of rate hikes as early as December. Big tech weighed heavily on the S&P 500, whil...

Source: BNN Bloomberg November 01, 2022

TSX today: Energy stocks help lift index 0.16% higher

Strength in the energy sector helped lift Canada's main stock index higher in late-morning trading, while U.S. stock markets moved lower to start the trading week. The S&P/TSX Composite Index was up 31.6 points, or 0.16 per cent, at 19,502.79. In New Yo...

Source: BNN Bloomberg November 01, 2022

Morgan Stanley's Wilson says end of Fed tightening nearing

The end of the Federal Reserve's campaign to raise interest rates is approaching, according to Morgan Stanley strategist Michael Wilson, who until recently was a prominent stock market bear who correctly predicted this year's slump in equities. Indicators...

Market Call Source: BNN Bloomberg November 01, 2022

Jamie Murray's Top Picks: October 31, 2022

Jamie Murray, portfolio manager and Head of Research, Murray Wealth Group FOCUS: Global equities  MARKET OUTLOOK: Markets remain on edge with inflation remaining persistent, weakening end markets in consumer, technology and housing; along with incr...

Source: Bankofcanada November 01, 2022

Opening Statement before the Standing Senate Committee on Banking, Trade and the Economy

Good evening. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Monet...

Source: Financialpost November 01, 2022

Federal government needs to bring its employees back to the office, businesses say

Remote work causing deficiencies in public service, executives say Top Canadian business executives called on the federal government to bring public sector employees back to workplaces, saying deficiencies in public services due to virtual work...

Source: Financialpost November 01, 2022

Canada to admit 1.4 million immigrants in three years to address labour shortages

Ottawa's new selection tools will better target sectors that have the highest need for labour Canada is going to introduce new “selection tools” next year that will help its immigration system better target sectors such as health care and const...

Source: Financialpost October 31, 2022

Diane Francis: Separatist or not, Quebec politicians should take the oath of office or leave the legislature

Reopening the constitution is unnecessary and politically hazardous Having failed to make any headway on Quebec separatism since the mid-1990s, the province’s separatist parties have resurrected their demands to split with the British monarchy,...