Daily News

Source: BNN Bloomberg December 21, 2023

Markets today: U.S. stocks rally loses steam while Treasuries power on

High-flying stocks reversed course Wednesday after Wall Street warned of a pullback on the rally ignited by the Federal Reserve’s pivot last week. The Nasdaq 100 ended the day down 1.5 per cent as the tech-heavy benchmark drew back from its latest all-time...

Source: BNN Bloomberg December 21, 2023

Canadian equity financings climb despite high rates, dearth in IPOs

Canadian equity financings grew slightly this year despite a combination of challenges stemming from high interest rates, an underperforming stock market and just one initial public offering on the Toronto Stock Exchange. What’s more, bankers are forecasting...

Market Call Source: BNN Bloomberg December 21, 2023

Brian Madden's Top Picks: December 20, 2023

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK: The long-awaited U.S. Federal Reserve pivot occurred last week at the last board meeting for 2023. The U.S. central bank has giv...

Economics Source: BNN Bloomberg December 21, 2023

Expect a 'story of two halves' for the loonie next year: FX strategist

A currency expert is predicting mixed performance from the Canadian dollar next year.  Bipan Rai, global head of FX Strategy at CIBC Capital Markets, told BNN Bloomberg that he expects the loonie’s 2024 performance will be a “story of two halves.”  “We...

Source: BNN Bloomberg December 21, 2023

​Three cybersecurity stocks investors should watch: portfolio manager

Investors should look to buy into the cybersecurity space, says a portfolio manager who has a positive view of the sector due to the essential services it provides.   Francisco Bido, senior portfolio manager at Integrated Alpha, told BNN Bloomberg that he vi...

Source: BNN Bloomberg December 21, 2023

TSX recap: Broad weakness has Index down 1.15%

Canada's main stock index lost more than one per cent on Wednesday in a broad-based slump and U.S. markets also fell, as stocks took a dramatic turn in the later half of the afternoon. The S&P/TSX Composite Index closed down 238.82 points, or 1.15 per cent...

Source: Financialpost December 21, 2023

Ross McKitrick: The only thing wrong with the globalist climate agenda — the people won’t have it

Phasing out fossil fuels is going to cost way more than ordinary people will accept. Delegates to COP28 clearly didn't understand thatIt’s tempting to dismiss the outcome of COP28, the recent United Nations climate change conference in the United Arab Emirat...

Source: Financialpost December 21, 2023

5 investing lessons learned from Charlie Munger that will stand the test of time

Lessons extend beyond realm of investing; they offer a blueprint for a fulfilling and successful lifeBillionaire Charlie Munger, who passed away in November at the age of 99, spent many decades alongside Warren Buffett at the helm of Berkshire Hathaway Inc....

Source: Financialpost December 21, 2023

Top headlines: Metro accuses Loblaw of falsely implicating it in bread price-fixing scheme

The latest business news as it happensToday’s headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: Metro accuses Loblaw of falsely implicating it in bre...

Source: Financialpost December 21, 2023

Posthaste: Canadians are planning to fight back against higher grocery prices in 2024

Many planning to transform how they shop and eat to find some much-needed relief We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canadians are planning to fight b...