Daily News

Economy Source: Financialpost April 07, 2023

'Jobs machine keeps on keeping on': What economists are saying about the March numbers

The Canadian labour market just keeps surprising The Canadian jobs market just keeps surprising economists. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited o...

Mining Source: Financialpost April 07, 2023

Rio Tinto's Ivan Vella on why Canada needs to get its act together on regulation — fast

Kevin Carmichael's Conversations: New urgency is about climate change, not about maximizing profit for shareholders Get the latest from Kevin Carmichael straight to your inbox Sign Up Conversations is a series from Financial Post edit...

Source: BNN Bloomberg April 06, 2023

Wall Street shuns risk as recession talks ramp up

Wall Street saw a renewed flight to safety, with stocks dropping and bonds climbing after weaker-than-estimated economic data revived fears that a recession could be in store. In a rotation away from growth shares, the Nasdaq 100 underperformed major bench...

Source: BNN Bloomberg April 06, 2023

​Gambling stocks: Three hot picks from David Katz

The gambling sector could stand to benefit from renewed investor interest in stocks that are positioned to reach profitability in 2023, one financial expert says.    In an interview with BNN Bloomberg’s Amber Kanwar on Wednesday, David Katz, managing directo...

Source: BNN Bloomberg April 06, 2023

Short sellers will be 'undone' by bets against TD: Investment strategist

As short sellers place bets against Toronto-Dominion Bank, one investment strategist said the lender has managed its risks well and Canadian banks have withstood similar short positions in the past. According to Bloomberg News, an analysis conducted by S3...

Source: BNN Bloomberg April 06, 2023

Paul Harris' Top Picks: April 5, 2023

Paul Harris, partner and portfolio manager, Harris Douglas Asset Management FOCUS: North American and global stocks  MARKET OUTLOOK: The U.S. Federal Reserve and other central banks reiterated that the priority remains the fight against inflation e...

Source: BNN Bloomberg April 06, 2023

​TSX recap: Index finishes 0.57% lower amid losses in technology stocks

Canada's main stock index closed down more than 100 points as losses in base metal, energy and technology stocks weighed on the market, while U.S. stock markets put in a mixed showing. The S&P/TSX Composite Index ended down 116.21 points, 0.57 per cent, at...

Source: BNN Bloomberg April 06, 2023

Retail traders ignore banking crisis and buy the dip in lenders

Individual investors have been pouncing on battered bank stocks, pouring money into heavyweights like Bank of America Corp., despite lingering concerns about an industry crisis after several lenders collapsed.  Net purchases of Bank of America stock this y...

Source: Financialpost April 06, 2023

Posthaste: Canadian oil is the world's top choice, global ranking shows

Canada is the preferred country to supply oil to the world, according to an Ipsos ranking Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through li...

Source: Financialpost April 06, 2023

CIBC CEO says mortgage aid for homeowners sustainable for ‘foreseeable future’

Bank has about $52 billion of variable-rate mortgages with monthly payments that aren't even covering interest Canadian Imperial Bank of Commerce chief executive Victor Dodig said the accommodations his bank is making for variable-rate mortgago...