Daily News

Source: BNN Bloomberg November 04, 2023

TSX today: Index up nearly 200 points on strength in financial services

Strength in the financial services market and base metals helped lead Canada's main stock index higher in late-morning trading, while U.S. stock markets also rose. The S&P/TSX Composite Index was up 175.03 points, or 0.88 per cent, at 19,801.37. In New...

Source: BNN Bloomberg November 04, 2023

The Week Ahead: BoC Summary of Deliberations; U.S. Initial Jobless Claims

Saturday, Nov. 4 Notable earnings: Berkshire Hathaway Monday, Nov. 6 Notable data: Global Supply Chain Pressure Index Notable earnings: Ivanhoe Mines, Brookfield Asset Management, Finning International, MEG Energy, Element Fleet Management...

Source: Financialpost November 04, 2023

Scotiabank's Dan Rees, investment banking head James Neate to leave firm

Dan Rees, who runs the domestic retail banking business, is leaving along with investment banking chief James Neate and chief technology officer Shawn RoseBank of Nova Scotia’s Dan Rees, who runs the domestic retail banking business, is leaving along with in...

Source: Financialpost November 04, 2023

Posthaste: Here's how much mortgage pain is coming down the pipe for Canadians

Higher interest rates could push up monthly payments by more than $1,000 in some cities Bank of Canada governor Tiff Macklem told Senators this week that part of the reason the central bank held rates in October was because of the effect the coming wave of...

Source: Financialpost November 04, 2023

Showdown brews between cafés, remote workers as owners say coffee shops aren't offices

Some owners have started curbing Wi-Fi in order to keep customers flowing in and outRemote workers flooded Book Club Bar, a popular bar/café/bookstore in Manhattan’s East Village, when pandemic restrictions were lifted in June 2021. We apologize, but...

Source: Financialpost November 04, 2023

Howard Levitt: Students who signed petition condoning Hamas should have to answer for their decision

Anti-Semitic letter at TMU’s Lincoln Alexander School of Law has rightfully been met with outrageOne of my partners sent me the following note this week: “I trust that the first question that we will ask any potential new hire or student from Toronto Metrop...

Source: Financialpost November 04, 2023

Top headlines: 3 Scotiabank executives leave in latest management shakeup

The latest business news as it happensToday’s top headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: 3 Scotiabank executives leave in latest managemen...

Economy Source: Financialpost November 04, 2023

Canada's jobless rate climbs more than expected in sign economy is slowing

Data paints a clearer picture of an economy that’s gearing downCanada’s labour market posted its weakest job gain in more than a year and the unemployment rate rose to a 21-month high, adding to evidence the nation’s economy is weakening. The country added...

Source: BNN Bloomberg November 03, 2023

S&P 500 rises almost 2%; Apple down in late hours

Stocks climbed a day after the Federal Reserve hinted it may be done with rate hikes, with traders awaiting Friday’s jobs report. In late hours, Apple Inc. fell as its Mac, Chinese revenues missed estimates. In a rally also fueled by oversold conditions an...

Source: BNN Bloomberg November 03, 2023

Toronto Stock Exchange has 1 IPO this year in historic dry spell

Canada’s largest stock exchange is in the midst of a historic dry spell for initial public offerings and it’s unlikely to improve anytime soon. Just one company has completed an IPO this year on the Toronto Stock Exchange, and without any last minute surpr...