Daily News

Source: BNN Bloomberg May 24, 2023

TSX recap: Index finishes 1.01% lower amid losses in technology stocks

Canada's main stock index declined more than 200 points on Tuesday after the long weekend, pulled down by losses in industrial, tech and telecom stocks, while U.S. markets were also down.   The S&P/TSX Composite Index was down 205.05 points, or 1.01 per ce...

Source: BNN Bloomberg May 24, 2023

Canadian banks pricing in a recession around the end of the year: Portfolio manager

One portfolio manager said that Canada’s largest banks are pricing in a recession to occur around the end of the year, which is weighing on sentiment for bank stocks.  Amit Joshi, an associate portfolio manager at Barometer Capital Management, said in an i...

Source: BNN Bloomberg May 24, 2023

U.S. stocks fall on debt-deal impasse as deadline looms

U.S. stocks fell to session lows and short-dated Treasuries held on to losses as negotiations over raising the U.S. debt ceiling remained at an impasse. While negotiations continued on Tuesday, progress appeared limited, with some House Republicans questio...

Market Call Source: BNN Bloomberg May 24, 2023

Mike Philbrick's Top Picks: May 23, 2023

Mike Philbrick, chief executive officer, ReSolve Asset Management FOCUS: Exchange-traded funds  MARKET OUTLOOK: The global economy is currently facing a complex intersection of macroeconomic headwinds and technology tailwinds, which has given rise...

Source: Financialpost May 24, 2023

High cost of regulation makes housing in Canada unaffordable

Lack of access to developable land also a problem, reports says Hardly anyone disagrees that housing prices and rents have been unaffordable in Canada for decades, but there’s agreement about why housing prices have moved out of step with incom...

News Source: Financialpost May 24, 2023

Posthaste: Where's the boom? How Alberta missed the oil bonanza this time round

Investors have made a bundle on soaring oil prices — Albertans not so much We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Where's...

Economy Source: Financialpost May 24, 2023

Families 'facing real pressure' as household debt levels push higher, CMHC warns

Signs that more and more consumers having financial difficulty as interest rates rise Get the latest from Barbara Shecter straight to your inbox Sign Up Canada’s household debt, which already exceeds the size of the size of the countr...

Source: Bankofcanada May 23, 2023

Bank of Canada Museum announces 2023 recipients of Award for Excellence in Teaching Economics

The Bank of Canada Museum is honouring two outstanding educators for their exceptional work in teaching students about the economy. Andre Boutin Maloney from Bert F...

Source: Financialpost May 23, 2023

Dragons' Den Stars Join Bid for Ottawa Senators

This section is Partnership Content supplied The content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Business Wire...

Source: Financialpost May 23, 2023

The U.S. debt ceiling debate is a big deal, says Brian Belski: What investors should know

Watch: Brian Belski breaks down the U.S. debt ceiling for investors and talks about where markets are headed Brian Belski, chief investment strategist at BMO Capital Markets, talks to the Financial Post’s Larysa Harapyn about why the U.S. debt...