Daily News

Source: BNN Bloomberg April 05, 2023

Lacking financial literacy, young people are taking it into their own hands

In 2020, Jonathan Atwin and his partner jumped on the personal finance wagon, teaching themselves all about money and how to manage it better. “At the time, we were carrying some debt, so we wanted to try to tackle that,” said Atwin. It started with Tik...

Source: BNN Bloomberg April 05, 2023

Opportunities in luxury stocks: Three hot picks from Oliver Chen

The luxury retail sector may be battling with inflation risks, but one analyst says consumer savings and a younger clientele should contribute to its reliance. In an interview with BNN Bloomberg’s Amber Kanwar on Tuesday, Oliver Chen, senior research analy...

Source: BNN Bloomberg April 05, 2023

U.S. stocks halt winning streak as JOLTS lift bonds

The stock market halted a four-day rally amid a selloff in banks. Treasuries climbed as data on job openings bolstered bets the Federal Reserve is about to wrap up its tightening campaign. A gauge of financial heavyweights like Wells Fargo & Co. and Citigr...

Market Call Source: BNN Bloomberg April 05, 2023

Hap Sneddon's Top Picks: April 4, 2023

Hap Sneddon, founder and chief portfolio manager, CastleMoore Inc. FOCUS: Technical analysis  MARKET OUTLOOK: Markets are exhibiting some bottoming behaviour or “green shoots,” particularly in technology or growth securities, as the march of intere...

Source: Financialpost April 05, 2023

Bank of Canada rate hikes hitting immigrants and millennials hard, boomers not so much

Generational wealth gap at root of contrasting experiences Millennials and immigrants are bearing the brunt of the Bank of Canada’s aggressive interest-rate hikes. But baby boomers who own their homes outright aren’t likely to be feeling the pi...

Source: Financialpost April 05, 2023

Some TD shareholders urge bank to ditch or renegotiate $13.4-billion First Horizon deal

Investors are turning cautious on the TD's U.S. acquisition strategy TORONTO — Toronto-Dominion Bank should abandon or renegotiate its US$13.4-billion acquisition of U.S. lender First Horizon Corp. as the regional banking crisis has unearthed u...

Source: Financialpost April 05, 2023

Tesla lines up for lithium as North America's sole large-scale mine opens in Quebec

Companies behind Sayona Quebec see a bright future for lithium, four years after original owner shuttered mine Get the latest from Gabriel Friedman straight to your inbox Sign Up Anyone looking for evidence of the green economy in Can...

Source: Financialpost April 05, 2023

Canada headed for recession in second half of 2023, says economist

Watch Desjardins' Marc Desormeaux on the state of the economies of Canada's provinces Desjardins economist Marc Desormeaux talks with Financial Post’s Larysa Harapyn about the looming recession and the state of the economies and budgets of Cana...

Source: Financialpost April 05, 2023

TD Bank biggest sector short anywhere in the world with $3.7 billion on the line

Worries about TD’s exposure to Canada's housing slowdown and ties to U.S. market Turns out, the biggest short in the banking industry anywhere in the world isn’t in Switzerland or Silicon Valley, but rather, in the relatively tame financial cen...

Source: BNN Bloomberg April 04, 2023

Bonds rise as factory data temper inflation angst

Treasuries rose as a gauge of U.S. factory activity contracted by more than expected, tempering inflation concerns fueled by OPEC+’s surprise plan to cut oil production. Policy-sensitive two-year yields reversed course after earlier climbing as much as 11...