Daily News

Banking Source: Financialpost March 06, 2024

Canada not alone in underperforming the United States, RBC's Dave McKay says

Higher interest rates are dragging down consumers in Canada, U.K. and AustraliaThe United States economy is powering ahead while the economies of Canada, the United Kingdom and Australia are slowing from softer consumer demand caused by higher interest rates...

Source: BNN Bloomberg March 05, 2024

Markets today: Wall Street holds back on big bets before key data

The relentless rally in stocks took a breather on Monday, with traders awaiting this week’s batch of jobs data and remarks from Federal Reserve officials for clues on the interest-rate outlook. Equities fluctuated after the S&P 500 saw its 15th record this...

Market Call Source: BNN Bloomberg March 05, 2024

Dennis da Silva's Top Picks: March 4, 2024

Dennis da Silva, Managing Director and Senior Portfolio Manager, Middlefield Capital Corporation FOCUS: Natural resource stocks MARKET OUTLOOK: Gold’s consolidation of more than US$2,000 per ounce continues as bullion has consistently remained abov...

Source: BNN Bloomberg March 05, 2024

Canadian investor sentiment like 'Eyeore from Winnie the Pooh,' says strategist

With the Canadian market still uncertain about future interest rate cuts, one market expert says Canadian investors are “a great contrarian indicator.” Brian Belski, chief investment strategist at BMO Capital Markets, said in an interview with BNN Bloomber...

Source: BNN Bloomberg March 05, 2024

Market strategist says equity markets are 'in the middle phase of this bull market'

As equities have reached all-time highs this year, one market strategist says stock markets are in the midst of a bull market.  Matt Orton, chief market strategist at Raymond James Investment Management, said in an interview with BNN Bloomberg on Monday th...

Source: BNN Bloomberg March 05, 2024

AI growth could drive productivity gains 'for the rest of this decade': CIO

One chief investment officer says AI is poised to deliver gains in productivity for the rest of the decade.  Jason Draho, head of asset allocation and CIO Americas at UBS Financial Services, said in an interview with BNN Bloomberg on Monday that a few year...

Source: BNN Bloomberg March 05, 2024

TSX recap: Index dips 0.10% on energy weakness

Canada's main stock index ticked lower on Monday, weighed down by weakness in energy stocks, while U.S. markets also eased from the highs they hit last week.  The S&P/TSX Composite Index closed down 21.28 points, or 0.10 per cent, at 21,531.07. The energy...

Source: Financialpost March 05, 2024

Mining giant Rio Tinto eyes Canada in hunt for top-tier lithium property

CEO says lithium to dominate market for EV battery metals Get the latest from Naimul Karim straight to your inbox Sign Up Mining giant Rio Tinto Ltd. “would love” to produce lithium in Canada, given the right project, says chief executive Jakob Staush...

Source: Financialpost March 05, 2024

Canada treats airline industry as a 'cash cow' when it should be essential service, says expert

Discount airlines face bigger challenges in this country than in the U.S.Canada treats its aviation industry as a cash cow, when it should be considered an essential service, says an airline expert. We apologize, but this video has failed to load. Try...

Source: Financialpost March 05, 2024

Posthaste: It's the economy, stupid — what's really wrong with the laggard TSX

The stampede out of Canadian stocks is breaking records We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: It's the economy, stupid — what's really wrong with the la...