Daily News

Source: Financialpost October 28, 2023

Fate of Canada's first grocery code of conduct in doubt with 2 big players on the fence

Loblaw, Walmart express worries code will increase food prices Get the latest from Jake Edmiston straight to your inbox Sign Up The fate of Canada’s first-ever grocery code of conduct appears to be in doubt, with two of the country’s largest retailers...

Source: BNN Bloomberg October 27, 2023

S&P 500 falls to lowest since May as tech gets hit

A slide in big tech sent the stock market to its lowest since May after another round of disappointing earnings. In late trading, Amazon.com Inc. climbed as sales beat estimates.   The S&P 500 dropped 1.2 per cent, edging closer to a “correction” — with...

Personal Finance Source: BNN Bloomberg October 27, 2023

Financial advice from AI may be educational but not holistic, experts say

As an experiment, Kelley Keehn asked ChatGPT to suggest a financial plan for a small Canadian family.  She prompted the artificial intelligence software to craft a plan for a couple in their 30s who have two young children and want to save for a house. The...

Commodities Source: BNN Bloomberg October 27, 2023

'The market is wrong' on rate cut timeline: Ed Devlin

The Bank of Canada decided not to hike interest rates any further this week, and two prominent experts predict economic weakness ahead will prompt aggressive rate cuts that the market is overlooking.   While the central bank has not indicated when it will st...

Source: BNN Bloomberg October 27, 2023

​TSX recap: Index finishes 0.38% lower amid weakness in industrials stocks

Canada's main stock index moved lower Thursday amid weakness in industrials, technology and battery metals, while U.S. markets also fell, led by losses in technology.  The S&P/TSX Composite Index closed down 72.54 points, or 0.38 per cent, at 18,875.31....

Market Call Source: BNN Bloomberg October 27, 2023

Brian Madden's Top Picks: October 26, 2023

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK: With third-quarter earnings releases in full swing, particularly in the U.S., results are beating forecasts and ever-so-slightly...

Source: BNN Bloomberg October 27, 2023

Nasdaq futures sink 1% as earnings disappoint

Stocks tumbled, with Nasdaq index futures losing about 1 per cent, as investors punished companies reporting weaker-than-expected earnings.  Meta Inc. sank four per cent in U.S. pre-market trading after saying it's at the whim of an uncertain economic envi...

Source: BNN Bloomberg October 27, 2023

​ETFs to buy and stay away from this year: expert

There will likely be a record number of new exchange-traded funds (ETFs) available to investors this year, according to a research expert who has identified the names he is most bullish on.    Aniket Ullal, head of ETF data and analytics at CFRA Research, to...

Source: BNN Bloomberg October 27, 2023

Traders boost bets on Canada rate cuts in 2024 on weak outlook

Markets are coming around to the idea that the Bank of Canada will be forced to start cutting rates by late next year, shifting their bets a day after Governor Tiff Macklem and his officials downgraded the growth outlook. Overnight swap markets are pricing...

Source: Financialpost October 27, 2023

Posthaste: 3.4 million Canadians will renew their mortgages by 2025 — and they're worried

Royal LePage survey finds many looking at a variety of cost-cutting tactics We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: 3.4 million Canadians will renew their...