Daily News

Source: Financialpost January 07, 2023

Howard Levitt: What's happening to Jordan Peterson could happen to anyone now

His is an important fight. His failure would leave many vulnerable to attacks on their employment Given how hard Jordan Peterson has worked (and continues to work), it is difficult to attribute his phenomenal successes to simple good fortune. B...

Economy Source: Financialpost January 07, 2023

Interest rates headed higher after Canada's job gains blow past expectations

Kevin Carmichael: Employers added more than 100,000 positions in December, a number likely too robust for the Bank of Canada It looks like interest rates will be going higher when the Bank of Canada next meets to set policy at the end of Januar...

Economy Source: Financialpost January 07, 2023

'The Bank of Canada isn't done yet': Blockbuster jobs report means more rate hikes in store, economists say

Here's what economists have to say about the latest jobs report and what it means for interest rates December’s blockbuster jobs report points to continued strength in the labour market, and indicates the Bank of Canada will likely hike interes...

Source: BNN Bloomberg January 06, 2023

U.S. stocks end day lower with labor market in focus

U.S. stocks closed lower as continued evidence of strength in the labor market fueled speculation the Federal Reserve has room to keep raising rates. Short-dated Treasuries fell.  Sign up to get breaking news email alerts sent directly to your inbox...

Source: BNN Bloomberg January 06, 2023

​Canadian bank earnings estimates likely to drop in 2023: CIBC

 Canada’s largest banks have been projected to have lower than peak average earnings-per-share (EPS) in 2023 and one analyst is calling for expectations to fall even further.    ‘While consensus estimates appear to be broadly aligned with banks’ guidance, we...

Source: BNN Bloomberg January 06, 2023

TSX recap: Index finishes 0.42% lower despite gains in energy stocks

Canada's main stock index closed with losses Thursday, buoyed by strength in energy and metals, while U.S. markets lost more than a per cent amid continued strength in the job market. Sign up to get breaking news email alerts sent directly to your inbox...

Source: BNN Bloomberg January 06, 2023

Don't neglect bonds this year despite tough 2022, experts say

Bond portfolios took a beating in 2022 as interest rates climbed, but experts say investors shouldn't neglect bonds this year as the Bank of Canada nears the end of its rate hike cycle. Christine Tan, assistant vice-president portfolio management at SLGI A...

Market Call Source: BNN Bloomberg January 06, 2023

Javed Mirza's Top Picks: January 5, 2023

Javed Mirza, technical analyst, Canaccord Genuity FOCUS: Technical analysis  Javed Mirza is a technical analyst and not a portfolio manager. The stocks referenced here are ones he is monitoring closely.  MARKET OUTLOOK: Although a permanent shif...

Source: Financialpost January 06, 2023

Canada slips into surprise trade deficit in ominous sign that demand is weakening

Most export groups declined, led by energy products Canada’s trade balance unexpectedly swung into deficit in November, as the country’s energy producers shipped less product amid a drop in prices. We apologize, but thi...

Source: Financialpost January 06, 2023

Joe Oliver: What progressives are really trying to do and why

Can progressives’ momentum be halted and even reversed? It would be comforting to provide an uplifting message for the New Year. But Canadians need to be aware of a multifaceted project underway to transform our economy, the nature of our socie...