Daily News

Source: BNN Bloomberg November 02, 2023

U.S. futures slip before Fed's likely 'hawkish' hold

U.S. stock futures slipped and Treasuries edged higher ahead of the Federal Reserve interest-rate decision and the US government's new borrowing plan.  Contracts on the S&P 500 and the Nasdaq 100 dropped by about 0.3 per cent. WeWork Inc. plunged 42 per ce...

Source: BNN Bloomberg November 02, 2023

Software stocks best positioned for growth through AI: analyst

Artificial intelligence could drive growth for years to come in certain software stocks, one analyst says.    Tyler Radke, lead equity research analyst responsible for covering Global Software at Citi, told BNN Bloomberg on Wednesday that software companies...

Source: BNN Bloomberg November 02, 2023

Loonie likely to come under further pressure in 2024: strategist

The Canadian dollar could decline in the months ahead as the market underestimates the divergence which may take place between Bank of Canada and the U.S. Federal Reserve’s monetary policy, one strategist says.    The loonie is sensitive to a large monetary...

Source: BNN Bloomberg November 02, 2023

TSX today: Index up slightly on strength in utilities

Strength in the utility stocks helped lead Canada's main stock index higher in late-morning trading, while U.S. stock markets also rose. The S&P/TSX Composite Index was up 86.36 points, or 0.46 per cent, at 18,959.83. In New York, the Dow Jones Industri...

Market Call Source: BNN Bloomberg November 02, 2023

Robert Gill's Top Picks: November 1, 2023

Robert Gill, senior vice president and portfolio manager, Goodreid Investment Counsel FOCUS: Canadian large caps  MARKET OUTLOOK: Markets are very volatile right now and this is not surprising with so much going on. The biggest disruptions right no...

Source: Financialpost November 02, 2023

Posthaste: These three provinces are the best places to weather Canada's coming storm

Once again, commodities are key We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: These three provinces are the best places to weather Canada's coming storm Back to...

Source: Financialpost November 02, 2023

Surging prices just dealt a severe blow to housing affordability and the outlook is ‘moribund’

Increase in interest rates, population not helping, say National Bank of Canada economistsHousing affordability in Canada was dealt a major blow in the third quarter as surging prices wiped out most of the gains made earlier in the year, according to the Nat...

Source: Financialpost November 02, 2023

Canadians will likely have to wait until next summer for interest rate cuts: CIBC's Benjamin Tal

But the central bank could cut rates before inflation gets to 2% targetCanadians anxious for lower interest rates, especially those looking to renegotiate their mortgages in the near future, will likely have to wait until the middle of next year for the Bank...

Economy Source: Financialpost November 02, 2023

What to expect when Canada unveils its new immigration targets today

Ottawa to provide estimates of number and kind of immigrants it hopes to admit over next three years Get the latest from Naimul Karim straight to your inbox Sign Up The federal government will announce its new Immigration Levels Plan on Nov. 1, provid...

Source: BNN Bloomberg November 01, 2023

Yen declines most in two months after BOJ tweak

The yen fell the most in two months after the Bank of Japan made only minor changes to its policy settings, disappointing some in the market who had expected more.  The currency dropped back past 150 per dollar following the decision that saw the central b...