Daily News

Source: Financialpost March 18, 2023

This retired Ontario man has been living on cash savings — but that's a mistake, experts say

While living off cash sounds logical, the reality is you end up with less money in the long run than from equity investing Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commissi...

Source: BNN Bloomberg March 17, 2023

First Republic set to get US$30B of deposits in rescue

The nation’s biggest banks are close to agreeing upon a plan to deposit as much as US$30 billion with First Republic Bank in an effort supported by the U.S. government to stabilize the battered California lender, according to people with knowledge of the matte...

Source: BNN Bloomberg March 17, 2023

U.S. stocks rally after bank rescued; yields jump

U.S. stocks ended the day higher after a First Republic Bank rescue package was secured, sparking a rebound in shares of embattled regional lenders. Treasuries fell after the European Central Bank delivered a rate hike that added to bets the U.S. central bank...

Source: BNN Bloomberg March 17, 2023

Here are a wealth advisor's top EV plays: Hot picks from Eddy Gifford

As companies and politicians around the globe ramp up plans to try to lead green transitions, one wealth advisor is flagging different companies that can help investors take advantage of this trend. In an interview with BNN Bloomberg on Thursday, Eddy Giff...

Market Call Source: BNN Bloomberg March 17, 2023

Gordon Reid's Top Picks: March 16, 2023

Gordon Reid, president and chief executive officer, Goodreid Investment Counsel FOCUS: U.S. equities  MARKET OUTLOOK: Banks are only viable institutions with the trust of their customers. By definition, banks rely on deposits to fund much of their...

Commodities Source: BNN Bloomberg March 17, 2023

​Oil market trading as if we're already 'in a full blown recession': RBC analyst

The drastic drop in oil prices has one analyst suggesting that the commodity is being traded as if the global economy is already in a recession.   Crude oil prices sank 10 per cent in the past two-and-a-half days to approximately US$68 per barrel, following...

Source: BNN Bloomberg March 17, 2023

TSX recap: Index finishes 0.83% higher amid gains in technology stocks

Markets in Canada and the U.S. climbed steadily Thursday in yet another reversal during a volatile week, with tech helping drive strength as well as some signs of recovery in embattled financial stocks. The S&P/TSX Composite Index was up 160.17 points, or...

Source: Financialpost March 17, 2023

Joe Oliver: The Trans Mountain financial fiasco just got worse

Will go down in history as a shockingly high-priced project with startling cost overruns Late Friday afternoon, the traditional slot for bad news, Trans Mountain Corporation (TMC) announced its pipeline expansion costs have ballooned to an eye-...

Source: Financialpost March 17, 2023

Banks traded at low multiples with a howling wind at their backs, so what happens now?

Canadian banks’ supercycle is coming to an end If I told you about a company that is highly profitable, has a strong balance sheet, has grown steadily by expanding into new business areas, pays a healthy dividend and dominates its market with a...

Source: Financialpost March 17, 2023

Pornhub parent MindGeek acquired by new Canadian private equity fund

Ethical Capital Partners to buy owner of a variety of pornographic streaming platforms and studios The company that owns pornographic video-streaming platform Pornhub is being acquired by a new private equity firm based in Ottawa. THIS...