Daily News

Source: Financialpost November 11, 2023

Howard Levitt: My 'never-hire' list is growing as new petition also glosses over Hamas' atrocities

Petitioners so focused on demonizing Israel they ignore the blatant human rights violations by HamasI have just added 700 names to our law firm’s never-hire list. We apologize, but this video has failed to load. Try refreshing your browser, ortap here...

Source: Financialpost November 11, 2023

David Rosenberg: Canada can't count to a million — and it's skewing the data policymakers need

Underestimating population growth erodes reliability of readings on jobs, housing and productivityBy Dylan Smith and Atakan Bakiskan A thoughtful approach to immigration has been a historical strength of Canadian economic policy. The recent post-COVID-19 im...

Source: Financialpost November 11, 2023

Higher for longer — and maybe forever: Bank of Canada deputy says ultra-low rates may not return

Carolyn Rogers warns interest rates aren't likely to return to pre-pandemic levels any time soonBank of Canada senior deputy governor Carolyn Rogers laid out the central bank’s view of the interest rate path going forward at an event in Vancouver Nov. 9 and...

Economy Source: Financialpost November 11, 2023

Trudeau government outlines $500 million in spending cuts

Cuts aimed at assuring Canadians that fiscal responsibility is a priority amid high interest rates and stubborn inflationPrime Minister Justin Trudeau’s government has unveiled the details of $500 million in spending cuts, aiming to assure Canadians that fis...

Source: BNN Bloomberg November 10, 2023

Markets today: 2-year yield tops 5% on Powell’s ‘sterner’ tone

Treasury yields surged, while stocks finished lower as Jerome Powell threw cold water on Wall Street’s dovish wagers. Just eight days after his speech had fueled bets the U.S. Federal Reserve was done with hikes, Powell said officials won’t hesitate to tig...

Source: BNN Bloomberg November 10, 2023

CPP Investments earned 0.1% net return in second quarter

The Canada Pension Plan Investment Board earned a net return of 0.1 per cent in its second quarter. The fund manager says it saw losses in fixed income and weakness in public equities as global markets declined. Offsetting the losses were strength in cr...

Source: BNN Bloomberg November 10, 2023

Analyst picks memory hardware stocks entering an up cycle

Hardware stocks with a focus on memory technology have been lacklustre performers for the past few years, but one analyst says several companies in the space are about to post revenue pick ups.   Matt Bryson, equity research analyst covering enterprise hardw...

Source: BNN Bloomberg November 10, 2023

CMHC eyes $8.5-billion bond sale as soon as next week

  Canada’s federal housing agency is preparing a sale of as much as $8.5 billion in bonds as soon as next week, according to people familiar with the matter.  Canada Mortgage and Housing Corp. will likely take orders for its planned transaction — consis...

Market Call Source: BNN Bloomberg November 10, 2023

Paul Gardner's Top Picks: November 9, 2023

Paul Gardner, partner and portfolio manager, Avenue Investment Management FOCUS: REITS, bonds, and dividend stocks MARKET OUTLOOK: The tale of two markets. The bond market finally gives the investor an attractive yield, specifically in the two-year...

Source: BNN Bloomberg November 10, 2023

TSX recap: Index ticks up on strength in energy

Strength in energy stocks helped Canada's main stock index eke out a small gain Thursday, while U.S. markets moved lower, led by weakness on the Nasdaq.  The S&P/TSX Composite Index closed up 57.20 points, or 0.28 per cent, at 19,587.41. In New York, th...