Daily News

Executive Summary Source: Financialpost November 10, 2022

Posthaste: Canadians' inflation misery lifts provincial budgets from deficits to 'sizable' surpluses

But provinces' good fiscal fortune may not last, RBC economists say 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: BNN Bloomberg November 09, 2022

U.S. stocks notch three-day rally ahead of vote results

  U.S. stocks rose for a third day as investors awaited midterm election results and monitored the selloff in crypto tokens that wiped out more than 10 per cent from the price of Bitcoin. The dollar fell with Treasury yields.  The S&P 500 closed higher,...

Source: BNN Bloomberg November 09, 2022

TSX recap: Index closes 0.59% higher amid strength in utilities

Canada's main stock index was up more than 100 points Tuesday, buoyed by strength in base metals and utilities, while U.S. markets were also up.  The S&P/TSX Composite Index was up 114.40 points, or 0.59 per cent, at 19,660.31. Sign up to get breakin...

Market Call Source: BNN Bloomberg November 09, 2022

Gordon Reid's Top Picks: November 8, 2022

Gordon Reid, president and chief executive officer, Goodreid Investment Counsel FOCUS: U.S. equities MARKET OUTLOOK: As poor as September was in the financial markets, October was its mirror image. These extremes happen with regularity in markets,...

Source: Financialpost November 09, 2022

Amazon becomes first public company to lose $1 trillion in market value

Shares in the e-commerce and cloud company fell as much as 4.6% on Wednesday Amazon.com Inc. is the world’s first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening monetary policies and d...

Source: Financialpost November 09, 2022

Mortgage lender halts payouts as loan repayments slow

Toronto-based fund defers redemptions amid liquidity crunch Canadian real estate lender Romspen Investment Corp. has halted redemptions on its largest fund after a number of borrowers stopped making payments. We apologi...

Source: Financialpost November 09, 2022

Posthaste: 'Here comes the pain': Recession on tap for North America, BMO says

'Shallow' recession coming in first part of 2023 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 November 09, 2022

Canada's coming immigration boom will be the biggest in 60 years

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 Episode 175 of Do...

Source: BNN Bloomberg November 08, 2022

TSX recap: Index closes 0.49% higher amid broad-base gains

Canada's main stock index was up nearly 100 points Monday, with broad-based gains in most sectors, while U.S. stock markets also climbed higher.  The S&P/TSX Composite Index was up 96.10 points, 0.49 per cent, at 19,545.91. Sign up to get breaking ne...

Market Call Source: BNN Bloomberg November 08, 2022

Stephen Takacsy's Top Picks: November 7, 2022

Stephen Takacsy, president, chief executive officer and chief investment officer, Lester Asset Management FOCUS: Canadian stocks   MARKET OUTLOOK: Volatility continues to rule stock and bond markets in 2022 due to aggressive central bank interest r...