Daily News

Source: BNN Bloomberg December 16, 2023

The Week Ahead: inflation and GDP data due

Monday, Dec. 18 Notable data: Bloomberg Nanos Confidence, New Housing Price Index (November), Construction Investment (October), NAHB Housing Index (December) Tuesday, Dec. 19 Notable data: Consumer Price Index (November), Industrial Product...

Source: Financialpost December 16, 2023

Why David Rosenberg is 'downright bearish' on Canada's economy

Top economist says Canada is headed for a hard landingEconomist David Rosenberg, founder and president of Rosenberg Research, talks with the Financial Post’s Larysa Harapyn about the outlook for Canada’s economy, the Bank of Canada, the Canadian dollar and g...

Source: Financialpost December 16, 2023

Top headlines: EVs pile up at U.S. dealers as inventories hit record high

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: EVs pile up at U.S. dealers as inventories hit record...

Source: Financialpost December 16, 2023

Opinion: Freeland's new hidden tax on everything and everyone

Ottawa is removing the credit for taxes already paid on any dividend income that financial institutions earn. Who will pay? All of usTucked into the 500-page Notice of Ways and Means Motion Finance Minister Chrystia Freeland released last month is an insidio...

Economy Source: Financialpost December 16, 2023

Bank of Canada's Macklem talks down interest rate cuts, but says 2% inflation 'now in sight'

It's still too early to consider undoing the most aggressive series of rate hikes in decades, central bank governor saysCutting the Bank of Canada’s policy interest rate doesn’t seem to be top of mind for governor Tiff Macklem, who said Dec. 15 that it’s sti...

Source: BNN Bloomberg December 15, 2023

Markets today: U.S. stock bull run is flashing signs of exhaustion

The rally in stocks driven by the Federal Reserve’s dovish tilt and bets on a soft economic landing lost a bit of steam Thursday amid speculation the market has run too far, too fast. After a surge that put the S&P 500 within a striking distance of its all...

Market Call Source: BNN Bloomberg December 15, 2023

Gordon Reid's Top Picks: December 14, 2023

Gordon Reid, president and CEO, Goodreid Investment Counsel FOCUS: U.S. equities  MARKET OUTLOOK: Looking back at market results in the third year of a U.S. presidential cycle, it is telling how 2023 has been a very close replication of historical no...

Source: BNN Bloomberg December 15, 2023

TSX recap: Index up 0.72% following broad-based rally

Base metal and battery metal stocks led a broad-based rally on the TSX Thursday, as Canada's main stock index climbed almost 150 points, while U.S. stock markets also moved higher. The S&P/TSX Composite Index closed up 149.35 points, or 0.72 per cent, at 2...

Source: Bankofcanada December 15, 2023

Lessons learned and looking ahead

In his year-end remarks, Governor Tiff Macklem discusses how lessons learned from recent economic volatility are reshaping the way the Bank of Canada conducts econom...

Source: Financialpost December 15, 2023

David Rosenberg: The Fed just woke up and smelled the recession

Interest rate cuts predicted for next year likely won't be enough, so this bond rally has legsAfter sifting through the United States Federal Reserve’s forecasts and Jerome Powell’s cadence at the press conference, it seems the entire two-day Federal Open Ma...