Daily News

Economy Source: Financialpost October 27, 2023

Theo Argitis: Return to normal is proving elusive for Bank of Canada

Tiff Macklem's tenure as governor was supposed to be boring. Instead, it has been anything butI feel for Tiff Macklem, Canada’s central bank governor. We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see othe...

Source: BNN Bloomberg October 26, 2023

How to invest as the Bank of Canada holds interest rates at 5%

The Bank of Canada’s decision to keep its overnight lending rate on hold at an elevated level is driving some investment professionals to move money into the bond market and consumer staples as a defensive strategy.    The central bank decided to hold its b...

Source: BNN Bloomberg October 26, 2023

​TSX recap: Index finishes 0.2% lower

Canada's main stock index stepped lower Wednesday despite strength in energy stocks and battery metals, while U.S. markets fell.  The S&P/TSX Composite Index closed down 38.64 points, or 0.2 per cent, at 18,947.85. In New York, the Dow Jones Industrial...

Source: BNN Bloomberg October 26, 2023

Nasdaq 100 has worst drop of 2023 as yields climb

Wall Street grappling with a batch of corporate earnings sent stocks lower on Wednesday amid heightened Treasury volatility, with traders also keeping an eye on the latest geopolitical developments. The S&P 500 dropped about 1.5 per cent. The Nasdaq 100 sa...

Market Call Source: BNN Bloomberg October 26, 2023

Kim Bolton's Top Picks: October 25, 2023

Kim Bolton, president and portfolio manager of Black Swan Dexteritas FOCUS: Technology stocks MARKET OUTLOOK: While the market assesses the next fundamental catalyst or technical signal, your BSD portfolio management team will continue to trim thos...

Source: Bankofcanada October 26, 2023

Bank of Canada announces appointment of Nick Leswick as Executive Director of Policy

The Bank of Canada today announced that Nick Leswick has been appointed to the new role of Executive Director of Policy, effective January 9, 2024. Reporting to the Senior Deputy Governor, Mr. Leswic...

Source: Financialpost October 26, 2023

Opinion: We’re not being taxed to death — it just feels that way

Canadians' tax burden isn't actually that high. But it tilts toward income taxes levied at steep rates. Using the GST more would helpBy Allan Lanthier Do you think your taxes are too high? Well, join the club: the Fraser Institute says that nearly three-qua...

Source: Financialpost October 26, 2023

Top headlines: Montreal to ban most natural gas heating, cooking in new buildings

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: Montreal to ban most natural gas heating, cooking...

Source: Financialpost October 26, 2023

Bank of Canada says runway to soft landing getting 'narrower' as it holds interest rates again

Central bank held its benchmark interest rate steady at 5% for the second consecutive time Get the latest from Barbara Shecter straight to your inbox Sign Up Bank of Canada governor Tiff Macklem says the runway for a soft landing is narrowing, but he...

Source: Financialpost October 26, 2023

3% by the end of 2024: What economists say about Bank of Canada's latest rate decision

Bank holds at 5%, its second consecutive pauseThe Bank of Canada held its benchmark interest rate at five per cent on Oct. 25, its second consecutive pause, meeting economist expectations amid a slowdown in the economy. We apologize, but this video ha...