Daily News

Market Call Source: BNN Bloomberg September 13, 2023

Mike Philbrick's Top Picks: September 12, 2023

Mike Philbrick, chief executive officer, ReSolve Asset Management FOCUS: Exchange-traded funds  MARKET OUTLOOK: Inflation, often termed “the silent thief,” poses a subtle but profound threat to traditional stock-bond portfolios. As the general pric...

Source: Financialpost September 13, 2023

Matthew Lau: The NDP is always wrong: That’s almost impressive

As long as the NDP allows the Liberal agenda to continue it must share the blame Pierre Poilievre spent last weekend at the Conservative convention offering Canadians hope for a better and more affordable country after Justin Trudeau’s time as...

Source: Financialpost September 13, 2023

SNC-Lavalin changing name to AtkinsRealis in rebranding move

Engineering giant wants makeover after 11 years marked by scandals and trouble with the law MONTREAL — SNC-Lavalin Group Inc. says it is changing its name to AtkinsRealis in a rebranding move after a tumultuous decade for the engineering giant....

Source: Financialpost September 13, 2023

Canadian home prices are so high that even owners want them to fall

Homeowners willing to give up their own wealth to improve affordability for others Most Canadians are prepared to see home values fall, according to a new poll, suggesting some homeowners are willing to give up a bit of their own wealth to impr...

Source: Financialpost September 13, 2023

Posthaste: Brace yourself, Canada's economy is weaker than you think

Population boom is masking the full extent of our economic gloom, says Desjardins Good morning, When the Bank of Canada held its interest rate steady last week it acknowledged the economy was slowing. But by how much? The public m...

Commodities Source: BNN Bloomberg September 12, 2023

Oil holds at yearly highs as technical levels give traders pause

Oil steadied near its highs of the year after rallying about 10 per cent in recent weeks, with technical indicators that suggest its gains may be overdone sapping the benefit of risk-on sentiment in broader markets. West Texas Intermediate edged lower to s...

Source: BNN Bloomberg September 12, 2023

TSX today: Index up on base metals strength

Strength in the base metal stocks helped lead Canada's main stock index higher in late-morning trading, while U.S. stock markets also rose to start the trading week. The S&P/TSX Composite Index was up 105.95 points, or 0.53 per cent, at 20,180.60. In Ne...

Source: BNN Bloomberg September 12, 2023

'We have never consumed more oil in history than we have today': Eric Nuttall

One prominent energy investor says the world has never consumed more oil than it currently does, despite narratives of waning demand. Oil prices have moved higher over the past three months, with West Texas Intermediate (WTI) oil prices was hovering at aro...

Source: BNN Bloomberg September 12, 2023

Tech giants power U.S. stock gains as Tesla jumps 10%

Stocks rose ahead of economic data that will help shape Wall Street’s views on how close the Federal Reserve is from ending its rate hikes. Bonds were mixed. The dollar fell. Bitcoin hovered near US$25,000. The S&P 500 approached 4,500 and the Nasdaq 100 r...

Market Call Source: BNN Bloomberg September 12, 2023

Paul Harris' Top Picks: September 11, 2023

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