Daily News

Source: BNN Bloomberg October 13, 2023

U.S. stocks, bonds fall as CPI boosts Fed-hike wagers

Stocks fell and Treasury yields rose as data bolstered speculation the Federal Reserve is nowhere near declaring victory over inflation — with bets on another hike this year climbing. The S&P 500 halted a four-day advance. Bank shares underperformed ahead...

Source: BNN Bloomberg October 13, 2023

Rising GIC returns broadening their appeal to younger investors

Rising interest rates have pushed up costs for borrowers and made mortgages, car loans and other debt more expensive, but the flip side for savers is the better rates for investments such as guaranteed investment certificates. While among the safest forms...

Source: BNN Bloomberg October 13, 2023

Hunting for decent returns with low risk? Here are the basics of GICs

As interest rates have risen, so has the popularity of guaranteed investment certificates. Here are the basics: What is a guaranteed investment certificate? A guaranteed investment certificate offers a set rate of return while keeping the original amoun...

Source: BNN Bloomberg October 13, 2023

Opportunities in Canadian renewable stocks: John Zechner

A prominent investor says he sees long-term opportunities for certain renewable energy stocks in Canada, despite headwinds facing capital projects. “In the end, for longer-term growth, it's hard to argue that renewables is not where you want to be,” John Z...

Source: BNN Bloomberg October 13, 2023

TSX recap: Index falls 0.83%, erases Wednesday’s gains

Canada's main stock index declined Thursday, led by losses in utilities, base metals and telecom, while U.S. markets also fell after the latest report on inflation south of the border.  The S&P/TSX Composite Index closed down 163.60 points, or 0.83 per cen...

Company News Source: BNN Bloomberg October 13, 2023

Retail analyst 'not surprised' by disappointing Birkenstock IPO

It was a disappointing initial public offering (IPO) day on Wall Street for Birkenstock, but a retail analyst says the brand is still well-positioned in the footwear category. Shares of the shoemaker opened 11 per cent lower than its initial offer price on...

Source: BNN Bloomberg October 13, 2023

Norway wealth fund manager predicts 'wasted decade' for financial markets

The head of Norway’s sovereign wealth fund told a Toronto economics conference that he thinks the next 10 years will be a “wasted decade” for financial markets, without any real returns in the coming years. Nicolai Tangen, the chief executive officer of No...

Market Call Source: BNN Bloomberg October 13, 2023

Rick Rule's Top Picks: October 12, 2023

Rick Rule, president and CEO, Rule Investment Media LLC FOCUS: Natural resource stocks  MARKET OUTLOOK: Resource markets are soft, as the Chinese economy continues to underperform expectations and inflation fears loom. Higher interest rates have de...

Source: BNN Bloomberg October 13, 2023

Small-cap companies not ready for climate disclosure rules: TMX Group CEO

The CEO of the company that operates the Toronto Stock Exchange says most of this country's small- and mid-sized companies are unprepared for expected new climate disclosure requirements. Canadian securities regulators are currently considering adopting a...

Source: Bankofcanada October 13, 2023

Bank of Canada designates additional prominent payment systems

Bank of Canada Governor Tiff Macklem has designated Visa Inc.’s VisaNet, Mastercard International Inc.’s Global Clearing Management System and Single Message System,...