Daily News

Source: BNN Bloomberg June 17, 2023

TSX recap: Index finishes lower amid losses in energy stocks

Canada's main stock index drifted lower Friday, pulled lower by energy, technology and base metals, while U.S. markets also ended the day down.   The S&P/TSX Composite Index was down 51.98 points, or 0.26 per cent, at 19,975.37. In New York, the Dow Jon...

Source: BNN Bloomberg June 17, 2023

The Week Ahead: Retail sales data due; BoC summary of deliberations

Monday, June 19 Notable data: Industrial Product and Raw Materials Price Indices, U.S. NAHB Housing Market Index U.S. Markets closed for Juneteenth Tuesday, June 20 Notable data: U.S. Housing Starts, U.S. Building Permits Notable earnings...

Source: Financialpost June 17, 2023

Workers resisting the office grind are suddenly lonely at home

The remote-work revolution has morphed into a tug-of-war between frustrated bosses and fed-up staff Three years after the pandemic closed down offices around the world, the remote-work revolution has morphed into a tug-of-war between frustrated...

Source: Financialpost June 17, 2023

FP Answers: Can we retire in 7 years at 55 even though we have a $525,000 mortgage now?

Couple could retire with $60,000 income a year, but they need to think about the kind of lifestyle they want Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purcha...

Source: BNN Bloomberg June 16, 2023

U.S. stock rally is deepening beyond AI-fueled craze

The stock rally driven by the exuberance surrounding artificial intelligence is widening beyond the tech industry, defying naysayers and raising concern about an overbought market. Mounting bets that the Federal Reserve will end its tightening cycle sooner...

Source: BNN Bloomberg June 16, 2023

TSX positioned to outperform S&P 500 for the next decade: Strategist

The Canadian equity market could potentially reward investors more than the S&P 500 over the next 10 years, one strategist says. Elevated inflation and heightened commodity prices could cause the TSX to outperform the S&P 500, as both factors are likely to...

Market Call Source: BNN Bloomberg June 16, 2023

Paul Harris' Top Picks: June 15, 2023

Paul Harris, partner and portfolio manager, Harris Douglas Asset Management FOCUS: North American and global large caps  MARKET OUTLOOK: The big issue that faces the market is inflation. The U.S. Federal Reserve and other central banks reiterated t...

Source: BNN Bloomberg June 16, 2023

TSX recap: Index finishes slightly higher amid gains in energy stocks

Canada's main stock index just eked out a gain Thursday, buoyed by energy and metals stocks, while U.S. stock markets rose.  The S&P/TSX Composite Index was up 12.26 points, or 0.06 per cent, at 20,027.35. In New York, the Dow Jones Industrial Average w...

Source: BNN Bloomberg June 16, 2023

Looking at AI stocks? Go with Google, skip NVIDIA and Tesla, expert says

The artificial intelligence industry is still new to many people, but it's already making waves in the business world. Earlier this week, the S&P 500 entered a bull market, meaning it was up 20 per cent from its low in October and the growth is largely on...

Source: Financialpost June 16, 2023

Putin's Economic Forum Puts Russia's Isolation on Display

Vladimir Putin’s annual economic forum in St. Petersburg was a magnet for global politicians and investors until his invasion of Ukraine. Now it’s become a measure of Russia’s deepening isolation. (Bloomberg) — Vladimir Putin’s annual economic...