Daily News

Source: BNN Bloomberg February 03, 2023

U.S. stocks score best three-day rally since November

U.S. stocks rallied for a third day as traders anticipate the Federal Reserve’s tightening cycle may be nearing its peak.  The tech-heavy Nasdaq 100 was boosted by Meta Platforms Inc.’s biggest surge since 2013, fueled by the company’s earnings and upbeat...

Market Call Source: BNN Bloomberg February 03, 2023

Ryan Bushell's Top Picks: February 2, 2023

Ryan Bushell, president and portfolio manager, Newhaven Asset Management FOCUS: Canadian dividend stocks  MARKET OUTLOOK: Markets have started the year on a positive note as the hotly anticipated recession remains fashionably late. Much of the posi...

Source: Financialpost February 03, 2023

A single word from the Federal Reserve chair fuels hopes of lower mortgage rates in Canada

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC 'The disinflation...

Source: Financialpost February 03, 2023

Calgary's new real estate listings fall to level not seen since late 90s

Home sales declined 40% from the year before CALGARY — The Calgary Real Estate Board says January’s new listings fell to a level not seen since the late 90s as home sales declined 40 per cent from the year before. REGISTER TO UNLOCK MORE...

Source: Financialpost February 03, 2023

Delissio pizza, Stouffer's to disappear from shelves as Nestle Canada winds down frozen meals business

Lean Cuisine and Life Cuisine will also no longer be sold in Canada TORONTO — Nestle Canada says it is winding down its frozen meals and pizza business in Canada over the next six months. REGISTER TO UNLOCK MORE ARTICLES Create an accoun...

Source: Financialpost February 03, 2023

'Nonsensical': CRA denies taxpayer's headhunter fees, but judge sees things differently

Jamie Golombek: CRA's reasoning for denying headhunter expenses full of contradictions, judge says Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made t...

Source: BNN Bloomberg February 02, 2023

U.S. stocks rally as Powell sees progress on inflation

U.S. stocks rose as Federal Reserve Chair Jerome Powell said the central bank has made progress in its battle against inflation, while warning that additional rate hikes are likely warranted. The S&P 500 jumped more than 1per cent after Powell said the “di...

Source: BNN Bloomberg February 02, 2023

Opportunities in travel stocks: Hot picks from Sylvia Jablonski

Travel demand continues to rise as countries lift their pandemic-related restrictions, and one investment professional doesn’t see it slowing down anytime soon. Speaking with BNN Bloomberg's Amber Kanwar on Wednesday, Sylvia Jablonski, chief executive offi...

Source: BNN Bloomberg February 02, 2023

TSX recap: Index finishes lower amid losses in energy stocks

Broad-based strength Wednesday helped buoy Canada's main stock index against losses in the energy sector, while U.S. markets rose, particularly the Nasdaq which gained two per cent.  The S&P/TSX Composite Index was down 16.33 points, or 0.08 per cent, at 2...

Source: BNN Bloomberg February 02, 2023

T. Rowe Price sees Canadian stocks as bargain play on China's reopening

Canada’s stock market just posted one of its biggest January returns ever. T. Rowe Price Group Inc. says there may be more gains to come.  The asset management firm is cautious on equities this year, but Canada is likely to outperform the U.S. again, accor...