Daily News

Source: Financialpost January 10, 2023

Posthaste: Why inflation might fall faster than the Bank of Canada thinks

Housing inflation set for sharp fall, say economists — except for this wildcard Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on thi...

Source: Financialpost January 09, 2023

Condo market poised to follow fall of detached home prices, says realtor

Some owners who used to break even on their condo investments now face a different reality As Canada’s real estate market wrapped up 2022 with price declines, some condo investors are expected to put their properties up for sale within the year...

Source: Financialpost January 08, 2023

Donald Trump ordered by judge to face New York fraud lawsuit

NEW YORK — A New York judge on Friday said former U.S. President Donald Trump must face a lawsuit by the state’s attorney general accusing him of fraudulently overvaluing his namesake real estate company’s assets and his own net worth....

Source: BNN Bloomberg January 07, 2023

U.S. stocks rally with Treasuries as wage growth slows

U.S. stocks are heading for a weekly gain as traders expect a slowdown in wage growth to aid the Federal Reserve in its battle against inflation. Treasuries rallied.  The S&P 500 rose more than 2 per cent, climbing the most in more than three weeks. The Na...

Personal Finance Source: BNN Bloomberg January 07, 2023

It's time for retirement investors to act their age: Dale Jackson

We’re all another year older at the start of 2023, but many of us still invest like it’s 1999. Regardless of market conditions, our retirement portfolios need to mature with us - from carefree 20-somethings to slow-driving seniors.  Exactly when or wher...

Market Call Source: BNN Bloomberg January 07, 2023

David Fingold's Top Picks: January 6, 2023

David Fingold, vice president and senior portfolio manager, Dynamic Funds FOCUS: U.S. and global stocks   MARKET OUTLOOK: Given the recent volatility in equity and fixed-income markets, we recommend investors approach markets with a focus on qualit...

Company News Source: BNN Bloomberg January 07, 2023

Shopify is among the 'most misunderstood' stocks: Investor

Equity markets are broadly failing to understand Shopify Inc.’s potential for growth, according to one investment professional.  Sign up to get breaking news email alerts sent directly to your inbox “We believe Shopify is one of the most misunderst...

Source: BNN Bloomberg January 07, 2023

Costco jumps most since March 2020 on holiday sales strength

Costco Wholesale Corp. surged the most since March 2020 after improving December sales soothed investor concerns about a slowdown in November.  Excluding the impact of changes in gasoline prices, Costco’s US comparable sales climbed 6.4 per cent last month...

Source: BNN Bloomberg January 07, 2023

The Week Ahead: Earnings from Aritzia, RBC’s Canadian Bank CEO Conference

  Monday, January 9 Notable data: Building Permits Notable earnings: Tilray Brands, WD-40 Co. RBC’s Canadian Bank CEO Conference North American Leaders’ Summit in Mexico City, Mexico Tuesday, January 10 Notable data: U.S. NFIB Small...

Source: Financialpost January 07, 2023

Bruce Pardy: Sovereignty bills signal discontent in Trudeau's woke Canada

Alberta and Saskatchewan, with their oil, guns, populism, and a culture of self-reliance, are Ottawa’s adversaries all rolled into one The new year begins with Alberta and Saskatchewan on the warpath, thank goodness. In December, the Alberta So...