Daily News

Source: Financialpost December 22, 2022

Sticky inflation numbers probably not to Bank of Canada's liking

Kevin Carmichael: That makes one — even two — more hikes to the interest rate possible Statistics Canada’s new tally of prices in November shows that inflation is finally slowing after an alarming post-pandemic surge to levels that many thought...

Source: Financialpost December 22, 2022

H&M pulls Justin Bieber merchandise from stores after singer calls it 'trash'

Bieber accused the retailer of selling clothes depicting him without his consent Hennes & Mauritz AB has halted sales of its Justin Bieber collection, after the singer accused the retailer of selling clothes depicting him without his consent....

Source: BNN Bloomberg December 21, 2022

TSX reap: Index finishes trading 0.55% higher amid gains in energy stocks

Gains in the energy and financial sectors helped Canada's main stock index gain more than 100 points, while U.S. stock markets were more subdued but ended the day in the green. Sign up to get breaking news email alerts sent directly to your inbox T...

Market Call Source: BNN Bloomberg December 21, 2022

Greg Newman's Top Picks: December 20, 2022

Greg Newman, senior wealth advisor and portfolio manager, Newman Group, ScotiaMcLeod FOCUS: North American stocks and protection strategies  MARKET OUTLOOK: We all know that if you miss the first 20 days of the next bull market historically you mis...

Source: BNN Bloomberg December 21, 2022

TSX recap: Index closes 1.25% lower amid broad-based losses

North American stock markets suffered broad-based declines Monday, continuing the downward momentum that's been the story for equities since the start of December. Sign up to get breaking news email alerts sent directly to your inbox The S&P/TSX Co...

Source: BNN Bloomberg December 21, 2022

U.S. stocks snap a four-day drop; bonds hold losses

U.S. stocks oscillated between gains and losses throughout a volatile session, with technology shares still under pressure after last week’s hawkish central bank turn. Treasuries slumped, with the global bond market digesting the Bank of Japan’s sudden increa...

Source: BNN Bloomberg December 21, 2022

Big oil stages a big comeback as Exxon's valuation passes Tesla

The largest U.S. oil company, Exxon Mobil Corp., has surpassed electric-vehicle giant Tesla Inc. in market value for the first time since 2020 as investors sell high-growth stocks and buy up value stocks in the energy sector. Sign up to get breaking new...

Source: Bankofcanada December 21, 2022

Call for papers: Themed issue in the Journal of Econometrics

A themed issue in the Journal of Econometrics invites paper submissions on “Machine learning for economic policy” by May 31, 2023. About this themed is...

Source: Financialpost December 21, 2022

Economists expect the worst is over for headline inflation, but core inflation could prove more persistent

Economists are casting a potential shadow over what otherwise should be good news for Canadian consumers Economists at Canada’s biggest banks believe the pace of headline inflation slowed in November as interest rate hikes made over the past ye...

Economy Source: Financialpost December 21, 2022

Tiff Macklem says he won't settle for anything less than a return to 2% inflation

Kevin Carmichael: Bank of Canada governor insists an inflation target designed for a different time remains the right approach Bank of Canada governor Tiff Macklem is set on getting inflation back to two per cent. We ap...