Daily News

Source: Financialpost June 29, 2023

Ottawa urged to back U.S., not TC Energy, in $15-billion lawsuit over demise of Keystone XL

Think tank says TC Energy has no legal recourse under North American trade rules, past or present WASHINGTON — A progressive public policy think tank is urging the federal government to side against oil and gas transmission giant TC Energy Corp...

Source: Financialpost June 29, 2023

BMO Capital Markets cuts about 100 jobs as deals dry up

Half the jobs cut are in Canada Bank of Montreal’s capital markets unit is cutting about 100 positions, or 3.5 per cent of the division’s staff, in response to a weak environment for deals. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY...

Source: Financialpost June 29, 2023

People of colour are getting ghosted when searching for a new job

People of colour are almost a quarter more likely to be 'ghosted' than white candidates after a job interview People of colour are almost a quarter more likely to be “ghosted” than white candidates after interviewing for a job in the United Sta...

Source: Financialpost June 29, 2023

Posthaste: The idea of a Bank of Canada digital loonie is making a lot of people nervous

More than half say they'd use a digital Canadian dollar, but most don't seem overly enthusiastic about it, survey says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other v...

Source: Financialpost June 29, 2023

The case for ending the Bank of Canada's interest rate hikes now

Ted Rechtshaffen: Inflation at 2.5% sans mortgages costs means it's time for the central bank to stop raising rates The May consumer price index (CPI) rose 3.4 per cent year over year, which was a big drop from the 4.4 per cent year-over-year n...

Economy Source: Financialpost June 29, 2023

Immigration pushes Canada's population growth to fresh record

'Population growth in Canada is literally off the charts' Canada’s population growth set a fresh record in the first quarter as Prime Minister Justin Trudeau’s government ramps up immigration to guard against the economic drag of aging demograp...

Source: BNN Bloomberg June 28, 2023

TSX Recap: Index up 0.74% on broad gains

Canada's main stock index rose almost 150 points Tuesday amid broad-based gains, while U.S. markets also rose. The S&P/TSX Composite Index was up 145.77 points, or 0.74 per cent, at 19,733.09. In New York, the Dow Jones Industrial Average was up 212.03...

Source: BNN Bloomberg June 28, 2023

Women can benefit from investing for their needs: Ellevest CEO

The CEO of a trading platform designed for women believes women can benefit from a strategy designed for their unique needs. Sallie Krawcheck, co-founder and CEO of Ellevest, said women tend to live longer, earn less, invest less and take more career break...

Source: BNN Bloomberg June 28, 2023

Bank stocks need to recover before the TSX can go higher this year: Technical strategist

The Toronto Stock Exchange does not have a chance at ending this year higher unless Canadian bank stocks improve, a technical strategist says. Speaking with BNN Bloomberg on Tuesday, Strategas Research Partners’ ETF and technical strategist, Todd Sohn, said b...

Source: Financialpost June 28, 2023

Brace for another Bank of Canada rate hike: What economists say about the latest inflation report

Inflation accelerates in May to 3.4 per cent, the slowest pace since June 2021 Inflation in Canada slowed in May to 3.4 per cent, matching economist estimates, but many don’t think that will be enough to convince the Bank of Canada to back away...