Daily News

Economy Source: Financialpost November 04, 2023

Canada's jobless rate climbs more than expected in sign economy is slowing

Data paints a clearer picture of an economy that’s gearing downCanada’s labour market posted its weakest job gain in more than a year and the unemployment rate rose to a 21-month high, adding to evidence the nation’s economy is weakening. The country added...

Source: BNN Bloomberg November 03, 2023

S&P 500 rises almost 2%; Apple down in late hours

Stocks climbed a day after the Federal Reserve hinted it may be done with rate hikes, with traders awaiting Friday’s jobs report. In late hours, Apple Inc. fell as its Mac, Chinese revenues missed estimates. In a rally also fueled by oversold conditions an...

Source: BNN Bloomberg November 03, 2023

Toronto Stock Exchange has 1 IPO this year in historic dry spell

Canada’s largest stock exchange is in the midst of a historic dry spell for initial public offerings and it’s unlikely to improve anytime soon. Just one company has completed an IPO this year on the Toronto Stock Exchange, and without any last minute surpr...

Source: BNN Bloomberg November 03, 2023

Canada stocks rally the most in nearly a year, led by advances in tech shares

Canada’s benchmark stock index posted its biggest one-day jump in nearly a year, rebounding from a late October slump as tech shares rallied. The S&P/TSX Composite index ended the trading day 2.9 per cent higher at 19,626.34 points on Thursday, marking the...

Market Call Source: BNN Bloomberg November 03, 2023

Zach Curry's Top Picks: November 2, 2023

Zach Curry, director and portfolio manager, Greenrock Capital Partners FOCUS: North American large caps  MARKET OUTLOOK: The months of September and October are often the most difficult for markets, and 2023 has been no exception. One of the bigges...

Source: BNN Bloomberg November 03, 2023

Hedge fund executive’s sudden death exposes a firm deep in trouble

The bonhomie was flowing inside the Great Banking Hall in Toronto as the city’s hedge fund barons arrived to toast their success and themselves. Among the guests of honour on that Tuesday night last month: Chris Callahan, whose firm was to be celebrated fo...

Source: BNN Bloomberg November 03, 2023

TSX recap: Index climbs nearly 3% on tech-led rally

Strength in the technology sector helped lead a broad-based rally of Canada's main stock index to gains of close to three per cent Thursday, while U.S. stock markets also rose. The S&P/TSX Composite Index closed up 547.34 points, or 2.87 per cent, at 19,62...

Source: Financialpost November 03, 2023

Toronto home prices rise for second straight month on flat sales in October

Affordability challenges continueToronto home sales declined year-over-year in October, but prices remained elevated, exacerbating concerns over affordability in Canada’s largest city. We apologize, but this video has failed to load. Try refreshing yo...

Source: Financialpost November 03, 2023

3 tax changes you need to take care of before the end of this year

Jamie Golombek: Now's the time to consider tax-loss selling, a tax-free first home savings account and gifts to charitiesReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchas...

Source: Financialpost November 03, 2023

Posthaste: Outlook for Canadian dollar darkens in world of risks

Analysts see loonie sinking towards 71 US cents We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Outlook for Canadian dollar darkens in world of risks Back to vide...