Daily News

Source: BNN Bloomberg July 18, 2023

TSX recap: Index finishes slightly lower amid losses in energy stocks

Weakness in energy and telecoms helped Canada's main stock index tick lower after a mixed day of trading Monday, while U.S. markets rose.  The S&P/TSX Composite Index was down 35.28 points, or 0.17 per cent, at 20,226.79. In New York, the Dow Jones Indu...

Source: Financialpost July 18, 2023

Ring of Fire development stalled due to lack of dialogue with First Nations, Guilbeault says

'We haven’t been able to agree yet' Get the latest from Naimul Karim straight to your inbox Sign Up Environment Minister Steven Guilbeault says the lack of progress in mining projects in the mineral-rich Ring of Fire region in Norther...

Source: Financialpost July 18, 2023

If you think this stock market rally is based on fundamentals, think again

Martin Pelletier: The real cause will likely surprise you and could make you nervous As a former sell-side equity analyst, I just can’t help focusing on the fundamentals that backstop an investment. However, there are times when doing so can me...

Source: Financialpost July 18, 2023

Why the real estate industry is closely watching the sale of two Vancouver office towers

'That’s going to be the real test of where the office values are' Get the latest from Barbara Shecter straight to your inbox Sign Up An attempt to sell of a pair of office towers in downtown Vancouver is being carefully watched by the...

Source: Financialpost July 18, 2023

Posthaste: Canada's standard of living is falling behind the rest of the developed world

OECD predicts country will rank last in real GDP per capita growth until 2060 We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canad...

Economy Source: Financialpost July 18, 2023

How immigration could be impacting the Bank of Canada's efforts to bring down inflation

Influx of newcomers could be adding to factors keeping governor Tiff Macklem up at night, one economist says Get the latest from Naimul Karim straight to your inbox Sign Up Demand created from a record influx of immigrants could be on...

Source: Financialpost July 17, 2023

Home prices to end year 8.5% higher, despite Bank of Canada rate hikes: Royal LePage

Average price expected to be $821,454 by end of 2023, up from $757,100 in fourth quarter of 2022 Real estate company Royal LePage has upgraded its forecast for national home prices despite signs sales and prices may be cooling in the wake of th...

Source: Financialpost July 16, 2023

Shell explores selling renewable power stake as CEO pursues 'ruthless' approach to prioritizing returns

Company focusing investments on fossil fuels Shell PLC is exploring options for its global renewable power operations, including a potential stake sale to outside investors, people with knowledge of the matter said. THIS CONTENT IS RESE...

Source: Financialpost July 16, 2023

Here's what could send the Canadian dollar higher this year

Watch: Corpay's Karl Schamotta talks about the outlook for the Canadian dollar for the rest of 2023 Karl Schamotta, chief market strategist at Corpay, talks to Larysa Harapyn about the outlook for the Canadian dollar for the rest of 2023, and h...

Source: Financialpost July 16, 2023

Alberta home prices jump as newcomers rush in

Calgary home prices up 4.2% this year Home prices in Canadian oil country are surging, driven by a rush of newcomers from abroad — as well as from more expensive markets across the nation. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY S...