Daily News

Source: Financialpost October 24, 2023

Canada to barely escape recession as higher rates weigh on GDP, economists say

GDP will be flat this quarterCanada will dodge a recession by a narrow margin, economists say, but elevated interest rates will keep economic growth near zero for a while. We apologize, but this video has failed to load. Try refreshing your browser, o...

Source: Financialpost October 24, 2023

Hot new Alberta oil play draws drillers seeking a cheaper, greener crude

Waseca formation holds heavy oilA hot spot for Canadian oil drillers is emerging in a tiny corner of eastern Alberta, drawing companies including Canadian Natural Resources Ltd. and Baytex Energy Corp. in search of cheaper, lower-emissions heavy crude....

Source: Financialpost October 24, 2023

Posthaste: Bank of Canada expected to hold interest rates, but be prepared for surprises

'Although less than 50%, the probability of a rate increase in our opinion is not negligible' We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Bank of Canada expec...

Economy Source: Financialpost October 24, 2023

Why the Bank of Canada and other forecasters keep misreading the economy

Kevin Carmichael: Policymakers know too little about what drives entrepreneurs and executives Get the latest from Kevin Carmichael straight to your inbox Sign Up Abacus Data conducted a fascinating survey recently of smaller companies for Business Dev...

Source: Financialpost October 22, 2023

'They cannot keep up': Striking autoworkers are losing the race against inflation

UAW strike in its sixth week has underscored widening disparity between stagnant wages and ballooning living costsWith the United Auto Workers strike entering its sixth week, the ongoing dispute has underscored a widening disparity between stagnant wages and...

Commodities Source: BNN Bloomberg October 21, 2023

Oil rises for second week amid Israel-Hamas war developments

Oil posted a second weekly gain as developments in the Middle East raised concerns that the conflict may spread, though U.S. efforts to delay Israel’s invasion of Gaza caused prices to edge down on Friday.  After initially resisting a delay in what officia...

Market Call Source: BNN Bloomberg October 21, 2023

Lorne Steinberg's Top Picks: October 20, 2023

Lorne Steinberg, president, Lorne Steinberg Wealth Management FOCUS: Global value stocks and high yield bonds MARKET OUTLOOK: It appears that central banks are gradually winning their war against inflation. The consumer price index is rising at a m...

Source: BNN Bloomberg October 21, 2023

The Week Ahead: Bank of Canada rate decision, oil and tech earnings

Monday, Oct. 23 Notable data: Bloomberg Nanos Confidence Notable earnings: TFI International, PrairieSky Royalty Tuesday, Oct. 24 Notable data: New Housing Price Index, U.S. S&P Global PMIs, CFIB Business Barometer Notable earnings: Premium Brands...

Source: BNN Bloomberg October 21, 2023

Stock losses deepen as S&P 500 breaches key level

Stocks fell around the world, while bonds climbed with gold on concern the Israel-Hamas war will escalate into a wider conflict in the Middle East. Oil pulled back after hitting US$90 a barrel. The S&P 500 dropped over one per cent, notching its worst week...

Source: BNN Bloomberg October 21, 2023

TSX recap: Index falls 1.21% on base metal, telecom losses

Canada's main stock index was down more than one per cent Friday with broad-based losses led by financial, telecom and base metal stocks, while U.S. markets also fell to close the week.  The S&P/TSX Composite Index closed down 233.17 points, or 1.21 per ce...