Daily News

Source: BNN Bloomberg January 06, 2024

TSX recap: Index finishes slightly amid similar gains in U.S. markets

Canada's main stock index posted a small gain Friday, closing out the first trading week of 2024, while U.S. markets also ended the day marginally higher. The S&P/TSX Composite Index closed up 66.20 points, or 0.32 per cent, at 20,937.55. In New York, t...

Source: Financialpost January 06, 2024

Canada's job gains miss expectations as economy stalls

Country gained just 100 jobs in December, while economists had expected 15,000Canada’s labour market missed expectations for jobs gains, confirming a marked slowing of the economy at the end of last year. We apologize, but this video has failed to loa...

Source: Financialpost January 06, 2024

FP Answers: I’m only 31 years old. Do I have to save and invest for retirement?

Take a balanced approach to investing and goal setting so you have a good life now and in the future, experts sayReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made...

Source: Financialpost January 06, 2024

Endeavour Mining plunges after firing CEO for serious misconduct

Gold miner removes Sébastien de Montessus, citing irregularities tied to the sale of a company assetEndeavour Mining Plc tumbled after announcing it fired chief executive Sébastien de Montessus, citing “serious misconduct” and irregularities tied to the sale...

Source: Financialpost January 06, 2024

Posthaste: The Bank of Canada needs to avoid this mistake in 2024, says CIBC

Investors and consumers are hoping for extensive interest rate cuts this year We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: The Bank of Canada needs to avoid th...

Source: Financialpost January 06, 2024

Howard Levitt: Claudine Gay resignation may signal the beginning of the end of the woke DEI cabal

Diversity, equity and inclusion has gone off the railsHarvard president Claudine Gay finally resigned this week. In doing so, she doubled down, alleging that she was forced out because of her race (she is black) and not because her testimony on anti-Semitism...

Economy Source: Financialpost January 06, 2024

March rate cut bets at risk: What economists say about Canada's job numbers

Labour market offers a 'mixed picture'Jobs numbers for December offered a “mixed” picture that could convince the Bank of Canada to be patient when it comes to interest rate cuts, some economists say. We apologize, but this video has failed to load. T...

Source: BNN Bloomberg January 05, 2024

Markets today: U.S. tech stocks notch longest losing streak in a year

Treasury yields rose and tech stocks dipped ahead of Friday’s jobs report as traders try to gauge how soon and deeply the Federal Reserve can start cutting interest rates.  The Nasdaq 100 slipped 0.5 per cent, logging a five-day losing streak — the longest...

Market Call Source: BNN Bloomberg January 05, 2024

Greg Newman's Top Picks: January 4, 2024

Greg Newman, senior wealth advisor and portfolio manager, Newman Group, ScotiaMcLeod FOCUS: North American stocks and dividend protection strategies  MARKET OUTLOOK: Bond yields have dropped quite massively over the last couple of months, in spite...

Commodities Source: BNN Bloomberg January 05, 2024

Oil price news: Oil slips as rising U.S. gasoline inventories signal shaky demand

Oil fell as rising gasoline stockpiles in the U.S. signalled a shaky picture for demand, undercutting the effect of output disruptions in Libya. West Texas Intermediate edged lower to settle near US$72 a barrel after swinging in a $3 range. Traders weighed...