Daily News

Source: Financialpost October 20, 2023

The world has already crossed a 'tipping point' on solar power

Solar is set to overpower fossil fuels as the dominant electricity source globally by 2050, and it's also getting cheaperSolar power is set to dominate global electricity markets within the next few decades, and may have already reached an “irreversible tipp...

Source: BNN Bloomberg October 19, 2023

U.S. stocks hit as oil climbs on renewed Mideast Risks

Stocks retreated and oil climbed as Iran intensified its rhetoric against Israel after an explosion at a Gaza hospital that complicated diplomatic efforts to rein in the Middle East conflict. The S&P 500 dropped 1.3 per cent, led by losses in megacaps as T...

Market Call Source: BNN Bloomberg October 19, 2023

Chris Blumas' Top Picks: October 18, 2023

Chris Blumas, portfolio manager, Raymond James Investment Counsel  FOCUS: North American large caps MARKET OUTLOOK: Monetary policy will continue to play a pivotal role in shaping the global economic landscape. Concerns about inflation have prompte...

Source: BNN Bloomberg October 19, 2023

Three stocks to short: portfolio manager

A portfolio manager is predicting a challenging time ahead for equity markets.   Brad Lamensdorf, co-portfolio manager of the Ranger Equity Bear ETF, told BNN Bloomberg on Wednesday he expects inflation along with limited buyers for U.S. debt will lead to a...

Source: Financialpost October 19, 2023

Canada has a secret economic advantage that could lead to greater prosperity

Commentary: Canada among first countries to recognize mental health as an important variable in competitivenessThis year’s World Congress of Neurology is being hosted in Canada from October 15-19, and its tagline, “Brain Health is our Greatest Wealth,” recog...

Source: Financialpost October 19, 2023

Arthur Irving out as chairman of Irving Oil in wake of strategic review

Arthur's daughter Sarah Irving, previously listed as executive vice-president and chief brand officer, also no longer on leadership team One of the scions of New Brunswick’s powerful Irving family has left his leadership role with Irving Oil Ltd. Arthur...

Source: Financialpost October 19, 2023

Tax the rich? It would be far better to improve the whole taxation system

Kim Moody: Canada should be trying to attract more high-income earners and wealthy peopleReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this pa...

Source: Financialpost October 19, 2023

Top headlines: Impact Assessment Act ruling could reset energy policy landscape: CAPP

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: Impact Assessment Act ruling could reset energy p...

Source: BNN Bloomberg October 18, 2023

Treasury yields climb as hot data fuel U.S. Fed wagers

Treasury yields climbed and stocks struggled after solid economic reports reinforced the case for the Federal Reserve to keep interest rates higher for longer. Two-year U.S. yields hit the highest since 2006, while those on 10-year notes jumped 13 basis po...

Source: BNN Bloomberg October 18, 2023

TSX recap: Index climbs 0.37% on strength in metals

Strength in base metals and battery metals stocks helped Canada's main stock index eke out a small gain Tuesday, while U.S. stock markets were mixed on the heels of a report on retail sales. In Canada, the latest data on inflation showed more of a slowdown...