Daily News

Source: BNN Bloomberg December 13, 2022

TSX recap: Index ends slightly up after gains in energy, utilities

Canada's main stock index was slightly up Monday, with gains in energy, industrials, technology and utilities, while U.S. markets posted stronger gains. The S&P/TSX composite index was up 72.63 points (0.36 per cent) at 20,019.70. Sign up to get brea...

Source: BNN Bloomberg December 13, 2022

'Too far, too soon': Big 2023 credit rebound is already partly done

Next year was supposed to mark a big rebound in corporate bond markets following historic losses. But an end-of-year rally is leaving investors asking how much more they can expect to make. Risk premiums in European corporate bonds have tumbled to their lo...

Market Call Source: BNN Bloomberg December 13, 2022

Michael Sprung's Top Picks: December 12, 2022

Michael Sprung, president, Sprung Investment Management FOCUS: Canadian large-cap stocks MARKET OUTLOOK: Markets continue to be volatile as investors react to forces impacting the economic outlook. The war in Ukraine drags on, prolonging shortages...

Source: Financialpost December 13, 2022

Here's where David Dodge thinks the economy and the central bank are heading next

'Some of those who've gotten themselves on the edge in 2021 may be in trouble' The Bank of Canada’s attempts to curb inflation won’t hit the economy in full until the middle of next year, but should be significant enough that only a small add...

Source: Financialpost December 13, 2022

Posthaste: How long borrowers might have to wait for interest rate relief

Don't hold your breath Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. We apologize, but this v...

Source: Financialpost December 13, 2022

TC Energy's troubles mount as Keystone spill remains unexplained after five days

Shaping up to be one of the worst onshore crude spills in the U.S. in nearly a decade More than five days after TC Energy Corp. shut down its Keystone pipeline to the United States, the company still hasn’t said what caused the 14,000-barrel sp...

Economy Source: Financialpost December 13, 2022

Tiff Macklem says elevated debt might make households more sensitive to rate hikes

It's 'plausible' that higher interest rates could slow the economy faster than in the past Bank of Canada governor Tiff Macklem said it’s “plausible” that higher interest rates could slow the economy faster than in the past, while also acknowle...

Source: Bankofcanada December 12, 2022

Reflections on 2022

Governor Tiff Macklem discusses the important lessons from events in 2022 and what the Bank is doing to restore price stability for Canadians. Watch Go...

Source: Financialpost December 12, 2022

Bank of Canada says monetary policy is working, sticky inflation a risk

Governor Tiff Macklem said there is a risk sticky inflation will require 'much higher' interest rates OTTAWA — The Bank of Canada‘s rapid-fire rate hikes are starting to slow the economy, its governor said on Monday, and while the bank wants to...

Source: Financialpost December 12, 2022

Canadians have lost $500 billion in paper wealth, but there's a silver lining

Kevin Carmichael: Maybe companies are finally ready to take the baton from Canada's over-extended households The country was more than $500 billion poorer in the third quarter, according to Statistics Canada’s latest tally of assets and liabili...