Daily News

Source: Financialpost November 26, 2023

Corporate America rethinking diversity hiring after conservative activists file lawsuits

Barrage of complaints has some companies scaling back DEI effortsThe same conservative activists who helped gut race-related college admissions at the United States Supreme Court have now set their sights on corporate diversity programs, barraging airlines,...

Source: Financialpost November 26, 2023

The looming threat of Canada's mortgage renewal crunch

Watch economist Dylan Smith on how the mortgage renewal crunch may force Bank of Canada to cut rates sooner rather than laterDylan Smith, senior economist at Rosenberg Research, talks with Financial Post’s Larysa Harapyn about how the looming mortgage renewa...

Source: BNN Bloomberg November 25, 2023

Markets today: Asia stocks set to open mixed as dollar, oil slip

Shares in Asia were primed for a mixed open with the Thursday holiday in the U.S. offering little guidance. The dollar edged lower. Futures for Japanese shares were steady, but a gain for contracts in the prior session indicates benchmarks will play catch-...

Source: BNN Bloomberg November 25, 2023

Markets today: 'fear gauge' hits 2020 low as stocks up this week

Stocks barely budged in a holiday-shortened session while Treasuries fell, with this month’s rally in global bonds showing signs of stalling. The S&P 500 closed little changed at 1 p.m. in New York, while notching its fourth straight week of gains. Wall St...

Commodities Source: BNN Bloomberg November 25, 2023

Oil price news: Oil falls as OPEC+ seeks to resolve pre-meeting output dispute

Oil dropped after struggling for direction in a low-volume session as OPEC+ tries to resolve a disagreement over output quotas that forced the group to postpone a pivotal meeting. The Organization of Petroleum Exporting Countries and its partners are revie...

Market Call Source: BNN Bloomberg November 25, 2023

Gordon Reid's Top Picks: November 24

Gordon Reid, president and CEO, Goodreid Investment Counsel FOCUS: U.S. equities   MARKET OUTLOOK: The “Santa Claus” rally is developing, as seasonal factors are setting up for a strong close for equity markets in 2023. And yes, it can be that simp...

Source: BNN Bloomberg November 25, 2023

The Week Ahead: Canadian, U.S. GDP data due

Monday, Nov. 27 Notable data: Bloomberg Nanos Confidence, Bloomberg November Canada Economic Survey, U.S. New Home Sales Notable earnings: EQB Inc.  Tuesday, Nov. 28 Notable data: U.S. S&P CoreLogic Case-Shiller Home Price Index, U.S. FHFA...

Source: BNN Bloomberg November 25, 2023

Wealthsimple launches private equity offering for retail investors

Wealthsimple Inc. has launched a new service to offer retail investors exposure to private equity.  On Wednesday, the Toronto-based fintech company said it partnered with LGT Capital Partners, a wealth management group for the Liechtenstein royal family, i...

Source: BNN Bloomberg November 25, 2023

TSX recap: Index dips 0.07 % as U.S. markets close early

Canada's main stock index closed down slightly Friday while U.S. markets were mixed on a low-volume day following the U.S. Thanksgiving holiday. The S&P/TSX Composite Index closed down 13.55 points, or 0.07 per cent, at 20,103.11. In New York, the Dow J...

Source: Financialpost November 25, 2023

Posthaste: Family business owners are rushing to hand over their companies

Rising pressures have 79% speeding up succession plans, 73% expecting new leadership within 3-5 years, KPMG survey says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posth...