Daily News

Source: Financialpost May 28, 2023

Bank of Canada July rate hike would be a mistake: CIBC's Benjamin Tal

Watch CIBC's deputy chief on the real risk of another rate hike The economy and inflation are still too strong for the Bank of Canada’s liking, and there’s a real risk that it could hike rates again in July, says CIBC Deputy chief economist Benj...

Source: BNN Bloomberg May 27, 2023

Tech extends rally as traders await U.S. debt deal

The frenzy surrounding artificial intelligence led another day of gains in the stock market on Friday as traders were also growing more confident a deal on the U.S. debt limit would be reached. The S&P 500 rose 1.3 per cent and the tech-heavy Nasdaq 100 ad...

Source: BNN Bloomberg May 27, 2023

​Entertainment stocks to consider amid a looming recession from Barton Crockett

People are changing the way they consume entertainment and investors looking to capitalize on this trend must be cautious in choosing companies that are well positioned for the change — especially amid a recession, one expert says.    Speaking with BNN Bloom...

Market Call Source: BNN Bloomberg May 27, 2023

Jason Del Vicario's Top Picks: May 26, 2023

Jason Del Vicario, portfolio manager, Hillside Wealth Management, iA Private Wealth FOCUS: North American and global growth stocks  MARKET OUTLOOK: Our thoughts never waver regardless of the macro backdrop; if anything, we favour challenging econom...

Source: BNN Bloomberg May 27, 2023

​AI is going to bring 'profound' change to companies: Investment expert

The chief executive officer at JMP Securities, an investment banking and asset management firm, predicts that the average investor should be prepared to see a vast change in how companies will operate with the use of artificial intelligence.    “These (tech)...

Source: BNN Bloomberg May 27, 2023

The Week Ahead: Earnings from National Bank; GDP data due

Monday, May 29 Memorial Day – U.S. markets are closed Alberta Election Notable guests: Mirko Bibic, President and CEO, BCE and Bell Canada Tuesday, May 30 Notable data: Current Account Balance, S&P CoreLogic Case-Shiller Home Price Index,...

Source: Financialpost May 27, 2023

These are the biggest myths in personal finance — and they'll cost you if followed blindly

Jason Heath: Beware of financial advice that is biased or even outright wrong Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this...

Source: Financialpost May 27, 2023

ConocoPhillips to buy remaining stake in Surmont for $4 billion, thwarting Suncor

Exercises first right of refusal for TotalEnergies stake ConocoPhillips exercised its right to acquire TotalEnergies SE’s 50 per cent stake in the Surmont oilsands field for as much as US$3.33 billion ($4 billion), giving it full control of the...

Source: Financialpost May 27, 2023

Stellantis CEO's Windsor EV gambit part of pattern of relentless hunt for savings

Carlos Tavares squeezing Canada's government for more money for stalled battery plant In Italy, Stellantis NV is cutting jobs and being accused of skimping on janitorial work. In the U.S., it’s offering buyouts to scores of staff and has idled ...

Economy Source: Financialpost May 27, 2023

'Not a simple story': Labour shortages aren't being driven by lack of highly educated job seekers

Shortages appear to be mostly centred in jobs requiring little education Get the latest from Naimul Karim straight to your inbox Sign Up Labour shortages in Canada appear to be mostly centred in jobs requiring little education, while...