Daily News

Source: BNN Bloomberg April 07, 2023

TSX recap: Index finishes 0.18% higher amid mixed results

Canada's main stock index ticked upward Thursday with mixed results among sectors, while U.S. markets also posted gains to end the short trading week.  The S&P/TSX Composite Index was up 37.14 points, or 0.18 per cent, at 20,196.69. In New York, the Dow...

Source: BNN Bloomberg April 07, 2023

'Deserved to go out of business': Ira Gluskin on the downfall of Gluskin Sheff

One of the founders of well-known wealth manager Gluskin Sheff says the firm “really deserved to go out of business.” Last month, Gluskin Sheff owner Onex Corp. transferred the entire wealth management advisory division to Royal Bank of Canada. Ira Glus...

Source: BNN Bloomberg April 07, 2023

Growth opportunities in Canadian lithium stocks: Three hot picks from Cole McGill

Lithium stocks have fallen 30 per cent since early March but the commodity still stands to benefit from its vital role in electric-vehicle production, one financial expert says. Speaking with BNN Bloomberg’s Amber Kanwar on Thursday, Cole McGill, associate...

Source: BNN Bloomberg April 07, 2023

The Week Ahead: BoC policy announcement; Turquoise Hill earnings

Monday, April 10 Notable data: U.S. Wholesale Trade Tuesday, April 11 Notable data: NFIB Small Business Economic Trends Survey Notable earnings: CarMax Wednesday, April 12 Notable data: Construction Investment, U.S. Consumer Pric...

Source: Financialpost April 07, 2023

Posthaste: Home prices in Canada not done falling from 2022 peak, says TD report

Forecast calls for total drop of 21% from top of market Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page....

Source: Financialpost April 07, 2023

Jack Mintz: We should dock the pay of politicians who break their fiscal promises

If any decision-maker should be subject to performance pay, it is the prime minister This week I happened to receive a copy of Telus’ information circular. Included with the usual financial data is a disclosure of performance pay for the top ex...

Economy Source: Financialpost April 07, 2023

Canada adds 34,700 jobs in March, blowing away expectations

Unemployment rate holds at 5% OTTAWA — The Canadian economy added more jobs than expected in March and the unemployment rate remained near a record low for a fourth straight month, data on Thursday showed, a sign of economic resilience ahead of...

Economy Source: Financialpost April 07, 2023

'Jobs machine keeps on keeping on': What economists are saying about the March numbers

The Canadian labour market just keeps surprising The Canadian jobs market just keeps surprising economists. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited o...

Mining Source: Financialpost April 07, 2023

Rio Tinto's Ivan Vella on why Canada needs to get its act together on regulation — fast

Kevin Carmichael's Conversations: New urgency is about climate change, not about maximizing profit for shareholders Get the latest from Kevin Carmichael straight to your inbox Sign Up Conversations is a series from Financial Post edit...

Source: BNN Bloomberg April 06, 2023

Wall Street shuns risk as recession talks ramp up

Wall Street saw a renewed flight to safety, with stocks dropping and bonds climbing after weaker-than-estimated economic data revived fears that a recession could be in store. In a rotation away from growth shares, the Nasdaq 100 underperformed major bench...