Daily News

Market Call Source: BNN Bloomberg October 14, 2022

Kim Bolton's Top Picks: October 13, 2022

Kim Bolton, president and portfolio manager of Black Swan Dexteritas FOCUS: Technology stocks MARKET OUTLOOK: The equity markets are exiting what has historically been the weakest three-month period of the year and entering what has historically be...

Source: Financialpost October 14, 2022

Pre-construction condo flippers may be left holding the bag as buyers disappear

Insider says he has never seen the market so soft Nervous investors looking to offload their pre-construction condos in the secondary market may find themselves out of luck, industry watchers say, as a softening real estate market and rising in...

Source: Financialpost October 14, 2022

Canada will fast-track energy and mining projects important to allies: Freeland

'The curse of oil is real, and so is the dependence of many of the world’s democracies on the world’s petro-tyrants' Canada will have to fast-track energy and mining projects if it is to help its democratic allies and achieve its own net-zero a...

Source: BNN Bloomberg October 13, 2022

Bullard becomes Wall Street's go-to guy for hint of a Fed pivot

James Bullard’s inflation epiphany came when he tried to buy a bicycle.  It was March 2021, and the Federal Reserve Bank of St. Louis president couldn’t find the model he wanted in the local store, which was 90 per cent empty. So he ordered online -- only...

Source: BNN Bloomberg October 13, 2022

S&P hits fresh low for the year as U.S. CPI data loom

U.S. stocks fell with investors bracing for Thursday’s reading on consumer prices. Treasuries gained, while U.K. markets were roiled once again by confusion over the country’s policies. The S&P 500 slipped into the red in the final minutes of trading, capp...

Source: BNN Bloomberg October 13, 2022

TSX recap: Index down 0.06% as investors wait for U.S. inflation data

Stock indexes in Canada and the U.S. ended the day slightly down as markets adopted a holding pattern ahead of U.S. inflation data expected Thursday.  The S&P/TSX Composite Index was down 10.40 points, or 0.06 per cent, at 18,206.28. In New York, the Do...

Source: BNN Bloomberg October 13, 2022

Bitcoin ownership significantly increased during the pandemic: BoC survey

Bitcoin ownership significantly increased among Canadians last year, according to a survey released by the Bank of Canada. In the central bank’s 2021 Bitcoin Omnibus Survey, it found ownership levels increased to 13 per cent in 2021. The number of Canad...

Source: BNN Bloomberg October 13, 2022

BMO's Belski sticks with 24,000 year-end TSX target 'for now'

BMO Capital Markets Chief Investment Strategist Brian Belski is still calling for the S&P/TSX Composite Index to hit 24,000 points by year-end, “for now.” “We're sticking with that for now, you know, if you take a look at where multiples are at 13 times an...

Market Call Source: BNN Bloomberg October 13, 2022

Chris Blumas' Top Picks: October 12, 2022

Chris Blumas, portfolio manager, Raymond James Investment Counsel FOCUS: North American large caps MARKET OUTLOOK: It’s been a roller coaster ride for investors so far this year. Equity markets sold off to start the year then rebounded somewhat and...

Source: Financialpost October 13, 2022

CRA can deny business expenses even after the normal assessment period

Jamie Golombek: The CRA can deny expenses if taxpayer doesn't appear to be running a business with a view to profit Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from...