Daily News

Source: Financialpost May 17, 2023

Canada's inflation rate rises to 4.4%, higher than expected

This is the first rise in the consumer price index since it peaked at 8.1% in June last year. Canada’s inflation rate rose to 4.4 per cent in April, higher than the month before and topping economists’ expectations. THIS CONTENT IS RESE...

Source: Financialpost May 17, 2023

Posthaste: Canadians' love affair with variable-rate mortgages is over — now there's a new thing

Short-term fixed mortgages gain popularity from borrowers banking on rate cuts to come We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthas...

Source: BNN Bloomberg May 16, 2023

U.S. stocks remain stuck in tight range with debt-cap debate

The U.S. stock market remained stuck in a tight range, with investors waiting for clarity on whether Washington lawmakers will be able to reach a deal to avert a U.S. default. Equities saw small gains ahead of a meeting between President Joe Biden and Hous...

Source: BNN Bloomberg May 16, 2023

Risk of a recession is being overlooked by investors: Investment expert

Investors who are putting their money in the U.S. equity markets might be underestimating the threat of a coming recession, one portfolio manager is warning. Speaking to BNN Bloomberg’s Paul Bagnell on Monday, Colin Stewart, chief executive officer and por...

Market Call Source: BNN Bloomberg May 16, 2023

Teal Linde's Top Picks: May 15, 2023

Teal Linde, manager, Linde Equity Fund FOCUS: North American mid and large cap stocks MARKET OUTLOOK: Large cap growth stocks lifting the S&P500 no longer deserve premium valuations. So far in 2023, U.S. markets have broadly gained with the S&P 50...

Source: Financialpost May 16, 2023

Newmont set to become a major player in Canadian mining with $19.5 billion deal for Newcrest

B.C.’s Golden Triangle will be key for world's largest gold producer Get the latest from Naimul Karim straight to your inbox Sign Up British Columbia is set to become a key mining destination for Newmont Corp., as the world’s largest...

Source: Financialpost May 16, 2023

Diane Francis: The premier marketing Canadian energy to the world

New Brunswick's Blaine Higgs making the case for Canadian LNG New Brunswick Premier Blaine Higgs met last week with European officials and business leaders to reinvigorate investor interest in Canadian LNG and hydrogen, after Prime Minister Jus...

Source: Financialpost May 16, 2023

What Stellantis halting the Windsor battery plant means for Canada's EV supply chain

Construction of a Windsor battery plant has been 'paused' in a dispute over government funding. Gabriel Friedman explains what is at stake Get the latest from Gabriel Friedman straight to your inbox Sign Up European automaker Stellant...

Source: Financialpost May 16, 2023

Stellantis halts construction on Windsor, Ont., EV battery plant amid dispute with Ottawa

Global carmaker says federal government has not delivered on funding promises WINDSOR, Ont. — One of the world’s largest automakers has stopped construction on a $5-billion electric vehicle battery plant in Windsor, Ont., saying the federal gov...

Source: Financialpost May 16, 2023

Average Canada home price is up more than $100,000 since January

Monthly gains show demand once again outpacing supply, says CREA The average price of a home sold in Canada jumped 4.3 per cent in April and is now up nearly 17 per cent since January as the country’s real estate market continued to show signs...