Daily News

Economy Source: Financialpost December 24, 2022

Canada's economy is holding up better than expected — and that's not all good news

Signs of resilience bolster the case for the Bank of Canada to increase interest rates again Canada’s economy showed signs of resilience toward the end of the year, potentially bolstering the case for the central bank to increase interest rates...

Retail & Marketing Source: Financialpost December 24, 2022

Hiring for holiday season 'chaotic' as applicants ghost retailers in tight labour market

'One day I had six interviews. Nobody came' Hiring retail sales associates for this year’s holiday shopping season hasn’t been easy for Ana Gamboa. In fact, the associate manager at a Montreal store describes it in one word — “chaotic.”...

Economy Source: Financialpost December 24, 2022

Tiff Macklem reflects on debt, lessons learned and why inflation 'messes up' competition

In an interview with Kevin Carmichael, Macklem talks about the central bank's fight against inflation Financial Post editor-in-chief Kevin Carmichael sat down with Bank of Canada governor Tiff Macklem on Dec. 19, days after the central bank ann...

Source: BNN Bloomberg December 23, 2022

TSX recap: Index finishes 1.13% lower amid losses in energy

Canada's main stock index closed down more than 200 points Thursday, pulled down by broad-based losses, while U.S. markets also reversed much of the gains made Wednesday, with the Nasdaq tumbling more than two per cent. Sign up to get breaking news emai...

Market Call Source: BNN Bloomberg December 23, 2022

Paul Harris' Top Picks: December 22, 2022

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

Source: BNN Bloomberg December 23, 2022

U.S. stocks snap two days of gains; dollar rises

U.S. stocks dropped on Thursday as investors digested data validating the Federal Reserve’s assertion that the economy is robust enough to withstand more tightening. Technology stocks were battered after a gloomy outlook from chipmaker Micron Technology Inc....

Source: BNN Bloomberg December 23, 2022

Tech stocks head for worst December since 2002 as Fed optimism fades

Technology stocks are headed for their worst December since the bursting of the dotcom bubble two decades ago as optimism about potential relief from Federal Reserve interest-rate hikes faded on signs of labor-market strength. Sign up to get breaking ne...

Source: Financialpost December 23, 2022

How Ottawa's zero-emission vehicle mandate might affect auto prices

Some say prices will only go higher It’s no secret the price of cars has risen dramatically in the past two years, which might leave buyers wondering this holiday season if auto prices are about to come down, or if they’re only headed higher....

Source: Financialpost December 23, 2022

Matthew Lau: Parliament’s economic blockheads weigh in on food prices

Three cheers for the corporate and industry executives who defend their businesses and industry from senseless political attacks At the Standing Committee on Agriculture and Agri-Food’s meeting last week, MPs interrogated corporate and industry...

Source: Financialpost December 23, 2022

More condo investors are hitting the sell button

Watch: Steve Saretsky, a Vancouver realtor, talks about the outlook for the real estate market in 2023 Steve Saretsky, a Vancouver realtor, talks to the Financial Post’s Larysa Harapyn about the outlook for the real estate market in 2023....