Daily News

Source: Financialpost August 15, 2023

'Devastating' labour shortages hitting auto sector

Watch: Todd Bourgon of Motor Vehicle Retailers Ontario discusses the state of the auto industry and the future of dealerships Todd Bourgon, executive director at Motor Vehicle Retailers Ontario, talks about the state of the Canadian auto indust...

Source: Financialpost August 15, 2023

Posthaste: Variable-rate mortgages rising again as Canadians bet interest rates have peaked

Homeowners renewing this year or next could see mortgage rate double We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Variable-rate...

Economy Source: Financialpost August 15, 2023

Inflation likely rose again in July, signalling new phase in Bank of Canada's fight

Economists expect inflation will come in higher than central bank's 2% target OTTAWA — Forecasters anticipate this week’s consumer price index report to show inflation rose last month, signalling a reversal in progress after a year of steady de...

Real Estate Source: Financialpost August 15, 2023

'I'm a former Liberal voter': Housing crisis becomes major political threat for Trudeau

Liberals at risk in next election if drastic action not taken soon, experts say OTTAWA — Chris Burke and his fiancée have been less than a year away from buying their first home for the past three years. We apologize, but t...

Source: Financialpost August 14, 2023

Labour market shows signs of softening

Watch: Indeed's Brendon Bernard discusses where wage growth is heading Brendon Bernard, senior economist at Indeed.com, talks about the state of the Canadian labour market, what recent data could mean for the Bank of Canada, and discusses where...

Source: Financialpost August 13, 2023

'Will not be implemented — period': Alberta rejects new draft regulations on clean electricity grid

Environment Minister Steven Guilbeault releases details, says there is room to negotiate OTTAWA — Environment Minister Steven Guilbeault released draft regulations Aug. 10 that are designed to clean Canada’s electricity grid in an affordable wa...

Market Call Source: BNN Bloomberg August 12, 2023

Shane Obata's Top Picks: August 11, 2023

Shane Obata, portfolio manager, Middlefield Capital FOCUS: Global and technology large cap stocks  MARKET OUTLOOK: The inverse relationship between yields and technology stocks is approaching extreme levels, as rising rates are weighing on tech val...

Source: BNN Bloomberg August 12, 2023

The Week Ahead: CPI data due; U.S. Fed meeting minutes

Monday, August 14 Notable earnings: Cargojet, Boralex, Premium Brands Holdings, Palo Alto Networks, Suncor Energy (10 p.m. ET) 7:30 a.m.: Cargojet Q2 Conference Call 10:30 a.m.: Bank of Canada Senior Loan Officer Survey Tuesday, August 15...

Company News Source: BNN Bloomberg August 12, 2023

Sleep Country CEO looking for deals amid recession fears, sales slowdown

Sleep Country Canada’s CEO believes a recession poses opportunities for growth as the company looks at ways to expand operations. Sleep Country reported net income of $12.7 million for its second quarter, down about $10 million from last year, as same-stor...

Source: BNN Bloomberg August 12, 2023

TSX recap: Index caps positive week with 0.32% gain

Canada's main stock market index ticked higher on Friday to cap a week of gains, while U.S. markets were mixed. The S&P/TSX Composite Index closed up 64.76 points, or 0.32 per cent, at 20,407.64.  In New York, the Dow Jones Industrial Average increased...