Daily News

Source: BNN Bloomberg August 29, 2023

Bank earnings: Analyst picks top bank for the quarter

With Canada’s big six banks in the midst of reporting their latest quarterly results, one analyst suggests the top bank has already reported. Scotiabank and the Bank of Montreal are set to report earnings for the third quarter on Tuesday. National Bank of...

Market Call Source: BNN Bloomberg August 29, 2023

Brianne Gardner's Top Picks: August 28, 2023

Brianne Gardner, senior wealth manager, Velocity Investment Partners, Raymond James FOCUS: North American large-cap stocks  MARKET OUTLOOK: Much like last August, the market seemed to get a little ahead of itself. The S&P 500’s upward trend that st...

Source: Financialpost August 29, 2023

'Not going to work out for you': Amazon ups stakes over flouted return-to-office rules — report

Some employees refusing to comply Amazon.com Inc. chief executive officer Andy Jassy told employees who refuse to comply with his return-to-office mandate that “it’s probably not going to work out for you,” according to a recording of a company...

Source: Financialpost August 29, 2023

Will Trudeau’s government breach the David Dodge Rule?

Theo Argitis: Rising bond yields are putting Ottawa on a costly path when it comes to servicing the debt The sharp escalation of global bond yields in recent weeks raises the prospect we may be in the middle of a structural shift to a world of...

Source: Financialpost August 29, 2023

Canada among new countries to pass crucial tipping point that triggers mass EV adoption

23 countries have now crossed the critical threshold, Bloomberg analysis indicates Convincing everyone to adopt a new technology can be a slog at first. The humble microwave oven, for example, took two decades of lukewarm sales to reach just a...

Source: Financialpost August 29, 2023

More Canadian homeowners extend mortgage amortization periods, Big Bank data reveal

Stressed customers seeking to bring down monthly payments Mortgage data from Canada’s two biggest banks are painting a picture of homeowners straining under high borrowing costs. We apologize, but this video has failed to l...

Source: Financialpost August 28, 2023

Homeowner Stress Bursts Into View in Canada Banks' Mortgage Data

Mortgage data from Canada’s two biggest banks are painting a picture of homeowners straining under high borrowing costs. (Bloomberg) — Mortgage data from Canada’s two biggest banks are painting a picture of homeowners straining under high borro...

Source: Financialpost August 27, 2023

China slowdown may help Canada's inflation fight

Watch: Desjardins' Jimmy Jean on China's slowing economy and its impact on the global economy Jimmy Jean, chief economist at Desjardins Group, speaks with the Financial Post’s Larysa Harapyn about China’s slowing economy and its impact on the g...

Source: Financialpost August 27, 2023

Posthaste: Many Canadians believe companies are using inflation as an excuse to gouge them

Even the highest earners believe they are being overcharged for products We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Many Cana...

Source: BNN Bloomberg August 26, 2023

Stocks climb after Fed’s 'no alarms, no surprises'

Stocks rose as traders sifted through a raft of remarks from Federal Reserve speakers, with Jerome Powell saying officials “will proceed carefully” on whether to raise interest rates again, while signaling policy will remain tighter for longer. The S&P 500...