Daily News

Source: Financialpost October 21, 2023

Pierre Poilievre says Canada should block RBC, HSBC merger

Conservative Party Leader says rejection necessary to protect competition in mortgage lendingThe leader of Canada’s main opposition political party says the government should block HSBC Holdings PLC’s sale of its local operations to Royal Bank of Canada....

Source: BNN Bloomberg October 20, 2023

Wall Street hit by volatility on geopolitical risk

Volatility gripped Wall Street as traders kept a close eye on any signs of a potential escalation of the Middle East conflict, while weighing Jerome Powell’s remarks for clues on the policy outlook. After multiple twists and turns, the S&P 500 notched its...

Market Call Source: BNN Bloomberg October 20, 2023

Paul Harris' Top Picks: October 19, 2023

Paul Harris, partner and portfolio manager, Harris Douglas Asset Management FOCUS: North American and global large caps MARKET OUTLOOK: The main issues facing the market are inflation and interest rates. The U.S. Federal Reserve and other central b...

Company News Source: BNN Bloomberg October 20, 2023

Canada Goose plunges to all-time low as jacket sales pressured

Canada Goose Holdings Inc. shares plummeted to a record low for the second day in a row as economic and consumer pressures prompted a pair of analyst downgrades. The parka retailer’s stock fell 4.4 per cent to close at US$12.16, recovering some of its loss...

Source: BNN Bloomberg October 20, 2023

Tesla is really trying to pivot from being only a car maker: analyst

Tesla disappointed investors in its latest earnings report by missing expectations on revenue and sales, but one analyst believes the car company has its eye on larger things.    Tom Narayan, global auto analyst at RBC Capital Markets, told BNN Bloomberg in...

Source: BNN Bloomberg October 20, 2023

TSX recap: Index falls 0.52% on losses in utilities, financials

Canada's main stock index lost 100 points Thursday, led lower by metals, utilities and financials, while U.S. markets also declined.  The S&P/TSX Composite Index closed down 101.89 points, or 0.52 per cent, at 19,348.81. In New York, the Dow Jones Indus...

Source: Financialpost October 20, 2023

Woman with $3.77 million in investments needs balance between private equity, GICs

79-year-old's income largely comes from interest earned from savings and PE investments, but that's not the best strategyReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchas...

Source: Financialpost October 20, 2023

Philip Cross: Higher inflation risks becoming entrenched in Canada

Core inflation is closer to 4% than 2%. If wage deals cook that in, inflation stays highThe Canadian economy continues to perform better than expected, with Statistics Canada reporting an outsized employment gain for September. Propelled by a similar result...

Source: Financialpost October 20, 2023

Top headlines: Canada Goose plunges to all-time low amid analyst downgrades

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: Canada Goose plunges to all-time low amid analyst...

Source: Financialpost October 20, 2023

How to pay less tax this year if you're an incorporated business owner

Jamie Golombek: With Dec. 31 fast approaching, now is the time to review how to pay yourself in 2023Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links...