Daily News

Source: BNN Bloomberg March 09, 2024

Markets today: U.S. stocks suffer 'heat check' as rally hits a wall

Wall Street traders sent stocks sliding on speculation that a rally to multiple records this year is now overdone. Just when investors were wrapping their heads around a mixed jobs report, weakness in the S&P 500’s most-influential group weighed heavily on...

Economics Source: BNN Bloomberg March 09, 2024

TSX could 'disappear' without more domestic investment from Canadian pensions: Letko

A veteran wealth management executive says that unless Canada’s largest pension plans start investing more domestically, institutions like the Toronto Stock Exchange could one day fall by the wayside. Peter Letko, co-founder and partner at investment manag...

Source: BNN Bloomberg March 09, 2024

The Week Ahead: CPI data due; Quebec budget

Monday, March 11 Earnings: Westshore Terminals, Lithium Americas, Ballard Power, SilverCrest Metals, Oracle Corp Tuesday, March 12 Quebec budget 8:30 a.m. U.S. Consumer Price Index (February) Earnings: Wesdome Gold, Labrador Iron Ore, Tra...

Market Call Source: BNN Bloomberg March 09, 2024

Brian Madden's Top Picks: March 8, 2024

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK: Markets are locked in a tug-of-war between earnings and interest rates. Profits for U.S. companies have been very robust. Conver...

Source: BNN Bloomberg March 09, 2024

TSX recap: Index dips 0.26% after jobs data

Canada's main stock index crept lower on Friday while U.S. markets were also down, led by a 1.2-per cent loss on the Nasdaq after both countries saw fresh data on the labour market. The S&P/TSX Composite Index closed down 57.30 points, or 0.26 per cent, at...

Source: Financialpost March 09, 2024

Public sector hiring is driving Canada's labour market

Employment gains in the public sector more than offset losses among businesses last monthEmployment gains in the public sector more than offset losses among Canadian businesses last month, highlighting a labour market that has been propped up by government h...

Economy Source: Financialpost March 09, 2024

Canada's job gains double expectations, but unemployment rate ticks higher

Unlikely to move the bar on Bank of Canada rate cut, say economistsCanada’s economy gained 41,000 jobs in February, but the unemployment rate ticked up to 5.8 per cent, Statistics Canada reported Friday.  We apologize, but this video has failed to loa...

Banking Source: Financialpost March 09, 2024

‘We've averted a recession’: What senior bank executives are saying about the economy

Senior officials address issues ranging from the financial health of consumers to interest rates and credit qualitySenior executives from Canada’s biggest banks were in New York this week for the RBC Capital Markets Financial Institutions Conference, where t...

Economy Source: Financialpost March 09, 2024

'Flattered by massive population gains': Economists on the February jobs data

Nothing in data to force Bank of Canada's hand on interest ratesThe Canadian economy produced double the number of jobs forecasted by analysts, but the unemployment rate rose to 5.8 per cent in February from 5.7 per cent in January as population growth conti...

Source: BNN Bloomberg March 08, 2024

Canada's top pension funds pressured by CEOs to invest more at home

Almost 100 top Canadian business leaders have signed an open letter to Finance Minister Chrystia Freeland and her provincial counterparts, urging them to change investment rules for pension funds to “encourage them to invest in Canada.” The letter, publish...