Daily News

Source: BNN Bloomberg October 28, 2023

​Retail stocks to buy despite recent pressure: analyst

Retail stocks have been under pressure as investors fear a looming recession, but one analyst has named stocks he considers a buy as consumer spending shows no signs of slowing down.    Brian Nagel, equity research analyst at Oppenheimer, told BNN Bloomberg...

Market Call Source: BNN Bloomberg October 28, 2023

Eric Nuttall's Top Picks: October 27, 2023

Eric Nuttall, partner and senior portfolio manager, Ninepoint Partners FOCUS: Energy stocks   MARKET OUTLOOK: Energy markets are grappling with an enormous amount of uncertainty, both with respect to the prospect for regional and global recessions...

Source: BNN Bloomberg October 28, 2023

S&P 500 extends drop from its July peak to 10%

A rebound in stocks sputtered, with the S&P 500 extending a slide from its July peak to 10 per cent — and entering a “correction.” Oil topped US$85 and gold hit $2,000 amid the latest geopolitical developments. Volatility resurfaced on news that Israeli fo...

Source: BNN Bloomberg October 28, 2023

The Week Ahead: GDP data due; FOMC announcement

Monday, Oct. 30 Notable data: Bloomberg Nanos Confidence Notable earnings: Athabasca Oil, Westshore Terminals, NexGen Energy, Paramount Resources, Gibson Energy, Stelco Holdings, Air Canada, Fairfax Financial Holdings, TMX Group, McDonald’s, Dye & Dur...

Source: Financialpost October 28, 2023

Top headlines: Ottawa posts $4.3-billion deficit between April and August

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: Ottawa posts $4.3-billion deficit between April a...

Source: Financialpost October 28, 2023

Talks resume but ships sit idle as St. Lawrence Seaway strike continues

'The downtime is costly, and the financial implications are considerable'Life’s unusually quiet on Canada’s main trade gateway to the Atlantic Ocean, which carried goods to Europe and beyond. We apologize, but this video has failed to load. Try refres...

Source: Financialpost October 28, 2023

Bank of Canada hold means 'suffocating' mortgage payments to stick around

Inflation may be cooling, but burden of high interest rates still weighing on homeownersInflation may be cooling, but the burden of high interest rates is still weighing on homeowners. We apologize, but this video has failed to load. Try refreshing yo...

Source: Financialpost October 28, 2023

Fate of Canada's first grocery code of conduct in doubt with 2 big players on the fence

Loblaw, Walmart express worries code will increase food prices Get the latest from Jake Edmiston straight to your inbox Sign Up The fate of Canada’s first-ever grocery code of conduct appears to be in doubt, with two of the country’s largest retailers...

Source: BNN Bloomberg October 27, 2023

S&P 500 falls to lowest since May as tech gets hit

A slide in big tech sent the stock market to its lowest since May after another round of disappointing earnings. In late trading, Amazon.com Inc. climbed as sales beat estimates.   The S&P 500 dropped 1.2 per cent, edging closer to a “correction” — with...

Personal Finance Source: BNN Bloomberg October 27, 2023

Financial advice from AI may be educational but not holistic, experts say

As an experiment, Kelley Keehn asked ChatGPT to suggest a financial plan for a small Canadian family.  She prompted the artificial intelligence software to craft a plan for a couple in their 30s who have two young children and want to save for a house. The...