Daily News

Source: Financialpost June 04, 2023

Bank of Canada still has time to pause interest rates: Dawn Desjardins

Watch: Dawn Desjardins of Deloitte Canada talks about what the recent GDP numbers mean for Canada's economy Dawn Desjardins, chief economist at Deloitte Canada, talks with Financial Post’s Larysa Harapyn about what the recent gross domestic pro...

Source: Financialpost June 04, 2023

Canada's GDP blowout and the end of the U.S. debt ceiling crisis. Here are the week's top 7 stories

Watch: Financial Post reporter Stephanie Hughes counts down the stories that made headlines this week Get the latest from Stephanie Hughes straight to your inbox Sign Up Stephanie Hughes, finance reporter for the Financial Post, walks...

Source: BNN Bloomberg June 03, 2023

Experts forecast TSX performance for second half of 2023

While Canada’s economy battles with stubborn inflation and heightened interest rates, portfolio managers are placing their bets on how this environment might impact the S&P/TSX Composite Index in the second half of this year. Experts who spoke with BNNBloo...

Source: BNN Bloomberg June 03, 2023

U.S. stock melt-up drives S&P 500 to brink of bull run

The relentless rally in big tech, options positioning and bets on a Federal Reserve pause following a mixed jobs report put stocks on the verge of a bull market. An advance of about 1.5 per cent for the S&P 500 extended the benchmark’s surge from its Octob...

Source: BNN Bloomberg June 03, 2023

​6 spring cleaning tips to put a shine on your portfolio

Financial markets always carry a degree of uncertainty but with the dust settling from the pandemic jolt, it’s the perfect opportunity to clear the air with a portfolio spring cleaning.    Spring is always a good time for a freshening up; the period between...

Market Call Source: BNN Bloomberg June 03, 2023

Brianne Gardner's Top Picks: June 2, 2023

Brianne Gardner, senior wealth manager, Velocity Investment Partners, Raymond James FOCUS: North American large caps  MARKET OUTLOOK: The market is still struggling for meaningful direction and hasn’t been able to make a solid push above this 4,200...

Source: BNN Bloomberg June 03, 2023

The Week Ahead: Bank of Canada policy announcement; earnings from Dollarama

Sunday, June 4 OPEC Joint Ministerial Monitoring Committee meeting Monday, June 5 Notable data: U.S. Factory Orders, ISM Services PMI Tuesday, June 6 Notable data: Building Permits, Global Supply Chain Pressure Index Notable earn...

Source: BNN Bloomberg June 03, 2023

​TSX today: Index finishes up on gains in energy stocks

Canada's main stock index jumped more than 350 points Friday, driven by gains in energy, industrials, financials and metals, while U.S. stock markets also rose. The S&P/TSX Composite Index closed up 352.38 points, or 1.79 per cent, to 20,024.63. In New...

Company News Source: BNN Bloomberg June 03, 2023

Employees often 'collateral damage' when activist investors come calling

Experts say 1,500 recently announced job losses at Suncor Energy Inc. are an example of the type of "collateral damage" that can occur when an activist investor comes calling. The Calgary-headquartered oil company — which has operations in Canada, the U.S....

Source: Financialpost June 03, 2023

Toronto home price surge biggest since pandemic peak

Another sign of persistent inflation just before the Bank of Canada's decides on rates The spring surge in Toronto house prices accelerated again in May, providing another sign of persistent inflation in parts of the Canadian economy before a k...