Daily News

News Source: Financialpost June 15, 2023

Posthaste: Liberals bleeding support as high cost of living pushes past voters to other parties for relief

Angus Reid poll shows Canadians 'overwhelmingly' concerned about high inflation may be losing faith in ruling party We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other vide...

Source: BNN Bloomberg June 14, 2023

U.S. stocks rise on bets Fed Is ready to take a break

Wall Street got some encouragement to send stocks higher after a slowdown in inflation bolstered speculation the Federal Reserve will pause its tightening campaign this week. That’s not to say investors are betting the Fed is done with its interest-rate hi...

Market Call Source: BNN Bloomberg June 14, 2023

Christine Poole's Top Picks: June 13, 2023

Christine Poole, chief executive officer and managing director, GlobeInvest Capital Management FOCUS: North American large-cap stocks  MARKET OUTLOOK: A resilient labour market combined with an uptick in inflation, which remains well above the targ...

Source: BNN Bloomberg June 14, 2023

Cathie Wood seeks tech gains in Meta, TSMC after dumping Nvidia

Cathie Wood’s funds have reentered Meta Platforms Inc. and Taiwan Semiconductor Manufacturing Co. after nearly a year and a half, as the high-profile manager makes new bets on artificial intelligence and chips. Two Ark Investment Management LLC funds, incl...

Source: BNN Bloomberg June 14, 2023

TSX recap: Index finishes higher amid gains in energy stocks

Gains in the energy, financial and base metal sectors helped Canada's main stock index post a small gain Tuesday as the loonie crested 75 cents U.S., while U.S. markets also rose modestly the day before a highly anticipated interest rate announcement from the...

Source: Financialpost June 14, 2023

Banking headwinds just getting started, so hold off buying the Big Six

Slowing pace of mortgage growth one of the early signs Get the latest from Stephanie Hughes straight to your inbox Sign Up Canada is still in the early innings of a credit cycle that could weigh on the Big Six banks for the remainder...

Source: Financialpost June 14, 2023

Posthaste: Sticking the Bank of Canada with the 'dirty work' means higher rates for longer

Governments need to help battle inflation by reining in spending, says CIBC We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Stickin...

Source: Financialpost June 14, 2023

Philip Cross: Statistics Canada feeding misperception Canadians on the brink of financial ruin

People aren't nearly as stressed for time or money as they say they are Earlier this year, a Statistics Canada survey reported 26 per cent of Canadian households said they wouldn’t be able to cover an unexpected bill of $500 if one came along....

Source: Financialpost June 14, 2023

Bank of Canada rate hike seen as 'canary in a coal mine' as Fed decision looms

Surprise interest rate hikes from Canada and Australia suggest larger markets may also need to tighten further The Bank of Canada‘s surprise decision to raise its benchmark interest rate June 7 sent ripples through global bond markets and has a...

Retail & Marketing Source: Financialpost June 14, 2023

Canadians retreat at the grocery store, flock to discount retailers in search of deals

High interest rates, inflation causing change in shopping habits that's boosting discount stores' sales Searching “Dollarama finds” on TikTok pulls up thousands of videos of people showing off the latest deals and unexpected products they come...