Daily News

Market Call Source: BNN Bloomberg February 02, 2023

Robert Gill's Top Picks: February 1, 2023

Robert Gill, senior vice president and portfolio manager, Goodreid Investment Counsel FOCUS: Canadian large caps  MARKET OUTLOOK: As we start 2023, it’s necessary to understand why 2022 was very different than previous years over the past decade. T...

Source: Financialpost February 02, 2023

Posthaste: Baby boomers delaying retirement have eased labour shortages, but our luck is about to run out

900,000 workers will likely stop working in the next three years, TD says 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 February 02, 2023

Tim Hortons' app users to get free beverage and baked good after Quebec Supreme Court approves class action settlement

Class action alleged the coffee chain's mobile app breached users' privacy Tim Hortons’ mobile application users can now get a free hot beverage and a baked good after the Supreme Court of Quebec approved a settlement agreement in a class-actio...

Source: Financialpost February 02, 2023

John Turley-Ewart: Scotiabank bucks a trend again

Scotiabank is again Bay Street’s odd man out as Scott Thomson, an experienced businessman but not an experienced banker, takes the helm As of Feb. 1, Scotiabank is again Bay Street’s odd man out as Scott Thomson, an experienced businessman but...

Source: Financialpost February 02, 2023

Loblaw fights back after removal of price freeze draws criticism on Twitter

'We may be the face of food inflation but we are not the cause' Loblaw Cos. Ltd. is using Twitter for “damage control” as it attempts to mitigate public backlash over lifting a price freeze on some grocery products, according to a marketing exp...

Source: BNN Bloomberg February 01, 2023

Nasdaq 100 notches its best month since July

U.S. stocks ended January with a gain, as investors cheered signs of labor costs easing and inflation cooling as they gear up for Wednesday’s Federal Reserve decision.  With volumes relatively light on Tuesday, the stock gains could have been spurred by sh...

Source: BNN Bloomberg February 01, 2023

Canada's US$181B pension fund pauses private China deals

Ontario Teachers’ Pension Plan, a Canadian fund that manages $242.5 billion (US$181 billion) of assets, has paused direct investing in private assets in China, according to people familiar with the matter.  Geopolitical risk is among the reasons behind the...

Source: BNN Bloomberg February 01, 2023

Opportunities in restaurant stocks: Three hot picks from Nick Setyan

The fast food industry has struggled with higher inflation over the past few years, but one analyst is not letting that deter him.   Speaking with BNN Bloomberg's Amber Kanwar on Tuesday, Nick Setyan, equity analyst at Wedbush Securities Inc., said a turnaro...

Market Call Source: BNN Bloomberg February 01, 2023

Stephen Takacsy's Top Picks: January 31, 2023

Stephen Takacsy, president, chief executive officer and chief investment officer, Lester Asset Management FOCUS: Canadian stocks   MARKET OUTLOOK: Stock and bond markets rebounded strongly in January after one of the worst years for both equities a...

Source: BNN Bloomberg February 01, 2023

TSX recap: Index finishes nearly 1% higher amid broad-based gains

Canada's main stock index gained almost 200 points Tuesday with broad-based strength across sectors while U.S. markets also rose, erasing Monday's losses.  The S&P/TSX Composite Index was up 195.27 points, or 0.95 per cent, at 20,767.38. In New York, th...