Daily News

Source: Financialpost October 25, 2023

Top headlines: CN Rail profits drop nearly 25% on falling demand, B.C. port strike

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: CN Rail profits drop nearly 25% on falling demand...

Source: BNN Bloomberg October 24, 2023

British Columbia pension fund joins AAA bond club at expensive time

British Columbia Investment Management Corporation, which manages $233 billion (US$170 billion) of assets mostly for public sector pensioners in the western province, priced its debut bond sale in Canadian dollars even as borrowing costs hover near historic h...

Market Call Source: BNN Bloomberg October 24, 2023

Christine Poole's Top Picks: October 23, 2023

Christine Poole, CEO and managing director at GlobeInvest Capital Management FOCUS: North American large-cap stocks  MARKET OUTLOOK: Financial markets are recalibrating to a higher interest rate environment, with interest rates returning to a more...

Source: BNN Bloomberg October 24, 2023

Wall Street trading rattled by wild treasury moves

A renewed bout of volatility in the bond market impacted stock trading, with investors also awaiting earnings from a handful of big techs. Oil sank as Israel appeared to hold off on a broader ground invasion of Gaza. After several twists and turns, the S&P...

Source: BNN Bloomberg October 24, 2023

TSX recap: Index falls 0.36% on weakness in energy, metals

Losses in energy and metals stocks led the way down for Canada's main stock index Monday, while U.S. markets ended the day mixed.  The S&P/TSX Composite Index closed down 68.90 points, or 0.36 per cent, at 19,046.74. In New York, the Dow Jones Industria...

Source: Financialpost October 24, 2023

Will you outlive your money? Here's how to find out

Ted Rechtshaffen: Financial and estate planning isn't quick and simple, but there's no harm in testing the waters online for freeReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from...

Source: Financialpost October 24, 2023

David Rosenberg: The recession has been delayed, but it has not been derailed

This downturn will come in the next few quarters, not the next few yearsThe year 2023 has been a “soft landing” transition much like 2007, when the consensus and many market participants mistakenly assumed the recession would never come, and failed to see th...

Source: Financialpost October 24, 2023

Canada to barely escape recession as higher rates weigh on GDP, economists say

GDP will be flat this quarterCanada will dodge a recession by a narrow margin, economists say, but elevated interest rates will keep economic growth near zero for a while. We apologize, but this video has failed to load. Try refreshing your browser, o...

Source: Financialpost October 24, 2023

Hot new Alberta oil play draws drillers seeking a cheaper, greener crude

Waseca formation holds heavy oilA hot spot for Canadian oil drillers is emerging in a tiny corner of eastern Alberta, drawing companies including Canadian Natural Resources Ltd. and Baytex Energy Corp. in search of cheaper, lower-emissions heavy crude....

Source: Financialpost October 24, 2023

Posthaste: Bank of Canada expected to hold interest rates, but be prepared for surprises

'Although less than 50%, the probability of a rate increase in our opinion is not negligible' We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Bank of Canada expec...