Daily News

Source: BNN Bloomberg November 03, 2023

Canada stocks rally the most in nearly a year, led by advances in tech shares

Canada’s benchmark stock index posted its biggest one-day jump in nearly a year, rebounding from a late October slump as tech shares rallied. The S&P/TSX Composite index ended the trading day 2.9 per cent higher at 19,626.34 points on Thursday, marking the...

Market Call Source: BNN Bloomberg November 03, 2023

Zach Curry's Top Picks: November 2, 2023

Zach Curry, director and portfolio manager, Greenrock Capital Partners FOCUS: North American large caps  MARKET OUTLOOK: The months of September and October are often the most difficult for markets, and 2023 has been no exception. One of the bigges...

Source: BNN Bloomberg November 03, 2023

Hedge fund executive’s sudden death exposes a firm deep in trouble

The bonhomie was flowing inside the Great Banking Hall in Toronto as the city’s hedge fund barons arrived to toast their success and themselves. Among the guests of honour on that Tuesday night last month: Chris Callahan, whose firm was to be celebrated fo...

Source: BNN Bloomberg November 03, 2023

TSX recap: Index climbs nearly 3% on tech-led rally

Strength in the technology sector helped lead a broad-based rally of Canada's main stock index to gains of close to three per cent Thursday, while U.S. stock markets also rose. The S&P/TSX Composite Index closed up 547.34 points, or 2.87 per cent, at 19,62...

Source: Financialpost November 03, 2023

Toronto home prices rise for second straight month on flat sales in October

Affordability challenges continueToronto home sales declined year-over-year in October, but prices remained elevated, exacerbating concerns over affordability in Canada’s largest city. We apologize, but this video has failed to load. Try refreshing yo...

Source: Financialpost November 03, 2023

3 tax changes you need to take care of before the end of this year

Jamie Golombek: Now's the time to consider tax-loss selling, a tax-free first home savings account and gifts to charitiesReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchas...

Source: Financialpost November 03, 2023

Posthaste: Outlook for Canadian dollar darkens in world of risks

Analysts see loonie sinking towards 71 US cents We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Outlook for Canadian dollar darkens in world of risks Back to vide...

Source: BNN Bloomberg November 02, 2023

U.S. futures slip before Fed's likely 'hawkish' hold

U.S. stock futures slipped and Treasuries edged higher ahead of the Federal Reserve interest-rate decision and the US government's new borrowing plan.  Contracts on the S&P 500 and the Nasdaq 100 dropped by about 0.3 per cent. WeWork Inc. plunged 42 per ce...

Source: BNN Bloomberg November 02, 2023

Software stocks best positioned for growth through AI: analyst

Artificial intelligence could drive growth for years to come in certain software stocks, one analyst says.    Tyler Radke, lead equity research analyst responsible for covering Global Software at Citi, told BNN Bloomberg on Wednesday that software companies...

Source: BNN Bloomberg November 02, 2023

Loonie likely to come under further pressure in 2024: strategist

The Canadian dollar could decline in the months ahead as the market underestimates the divergence which may take place between Bank of Canada and the U.S. Federal Reserve’s monetary policy, one strategist says.    The loonie is sensitive to a large monetary...