Daily News

Source: BNN Bloomberg December 09, 2022

TSX recap: Index closes 0.02% lower

Canada's main stock index edged downwards and U.S. markets ticked slightly higher on what was overall a quiet day trading day. Sign up to get breaking news email alerts sent directly to your inbox The S&P/TSX Composite Index closed down 4.03 points...

Market Call Source: BNN Bloomberg December 09, 2022

David Baskin's Top Picks: December 8, 2022

David Baskin, president, Baskin Wealth Management FOCUS: North American large caps MARKET OUTLOOK: Central bankers around the world are determined to choke inflation. This will involve continued increases in interest rates for at least the next thr...

Source: Bankofcanada December 09, 2022

Bank of Canada announces finalists for the eighth annual Governor’s Challenge

OTTAWA, ONTARIO — The Bank of Canada has announced the five finalist teams in the 2022–23 edition of The Governor’s Challenge, a competition where university students simulate the role of advisor to t...

Source: Financialpost December 09, 2022

Junkyard confidential: At the heart of a $500-billion global recycling industry

Canada Metal & Iron is just one of the businesses that helps recycle 11 million tonnes of metal annually in Canada Art Kaminsky’s office is at the end of a cramped hallway at the back of a cluttered two-storey building near a busy intersection...

Source: Financialpost December 09, 2022

The women turning to sex work to make ends meet

The bleak economic backdrop is driving more women into prostitution in the U.K. and making it more dangerous Tiffany smoothed her hair in the bathroom mirror and took off her wedding ring. Little knots were tightening in her stomach....

Source: Financialpost December 09, 2022

Jonathan Wilkinson douses some of the hype around Ontario's Ring of Fire calling it a 'challenging space'

Adds to uncertainty over whether the rich source of mineral deposits will ever be meaningfully developed Natural Resources minister Jonathan Wilkinson described the Ring of Fire region in northern Ontario as a “particularly challenging space” f...

Source: Financialpost December 09, 2022

Boomtown, B.C.: The planned growth of the liquefied natural gas industry is turning Kitimat into the next energy centre

Construction is now underway on LNG Canada’s massive $17-billion export terminal Marilyn Furlan is older than the town of Kitimat. At 74, the Haisla Nation elder has lived at the headwaters of the Douglas Channel in northern British Columbia fo...

Economy Source: Financialpost December 09, 2022

David Rosenberg: A recession is coming to Canada in 2023 amid huge debt, housing bubble

This time next year, the Bank of Canada will be forced to cut rates again to combat the recession and ensuing deflation The Canadian economy is double exposed regarding a downturn ahead. First, there is the impact that this year’s surge in inte...

Market Call Source: BNN Bloomberg December 08, 2022

Michael Hakes' Top Picks: December 7, 2022

Michael Hakes, senior portfolio manager, The Murray Wealth Group FOCUS: North American and global Stocks   MARKET OUTLOOK: The Federal Reserve has done all the heavy lifting it needs to do, but they continue to talk a very hawkish game.  We are alr...

Source: Bankofcanada December 08, 2022

Helping Canadians better understand our decisions

Speaking a day after the Bank of Canada decided to raise our policy interest rate, Deputy Governor Sharon Kozicki discusses the current state of the economy. She als...