Daily News

Source: BNN Bloomberg October 11, 2023

U.S. stocks rise as Wall Street dials back Fed wagers

Stocks rose and Treasury yields fell after comments from Federal Reserve officials bolstered speculation the central bank is heading toward another pause in interest-rate hikes. Oil edged lower, following its biggest rally since April. The S&P 500 advanced...

Source: BNN Bloomberg October 11, 2023

​TSX today: Index up 300 points as energy stocks push higher

Canada's main stock index was up nearly 300 points in afternoon trading as gains in energy stocks helped lead a broad-based rally and U.S. stock markets also pushed higher.   The S&P/TSX Composite Index was up 304.52 points, or 1.58 per cent, at 19,550.58. ...

Market Call Source: BNN Bloomberg October 11, 2023

Keith Richards' Top Picks: October 10, 2023

Keith Richards, president and chief portfolio manager, ValueTrend Wealth Management FOCUS: Technical analysis  MARKET OUTLOOK: Last month on BNN Bloomberg, I noted that we were bearish and holding nearly 30 per cent cash in our equity models. We di...

Source: BNN Bloomberg October 11, 2023

Small cap tech 'overlooked' by the market: portfolio manager

One portfolio manager said there are currently opportunities for investors in small-cap tech companies.  Grant White, a portfolio manager and investment advisor at iA Private Wealth, told BNN Bloomberg on Tuesday that he sees more upside from smaller tech...

Source: BNN Bloomberg October 11, 2023

These three biotech stocks are undervalued: Wedbush analyst

Biotech stocks have underperformed the S&P 500 over the past year but one investment expert remains bullish on the space.   Andreas Argyrides, vice president of equity research at Wedbush Securities, told BNN Bloomberg on Tuesday that while a high interest r...

Markets Source: BNN Bloomberg October 11, 2023

Ontario securities regulator exploring artificial intelligence use in capital markets

Ontario's securities regulator says it is evaluating the potential role it can play in overseeing and guiding responsible adoption of artificial intelligence to protect investors and the integrity of capital markets. In a report released Tuesday, the Ontar...

Source: Financialpost October 11, 2023

Here are Tuesday's top 3 performers on the TSX, including a precious metals newbie

For the day, there were 179 gainers versus 46 losers The S&P/TSX composite index is riding the coattails of U.S. investors who are now betting the Federal Reserve won’t raise rates when it meets later this week. We apologiz...

Source: Financialpost October 11, 2023

William Watson: A new Dark Age of industrial policy descends

The Economist is gloomy about the future of liberalism. Ottawa's industrial policy plans should make Canadians gloomy, too The Economist is running an epically and epochally gloomy lead editorial this week: “Are free markets history?” — with a...

Source: Financialpost October 11, 2023

The devil in the actuarial details: The problems with a $334-billion transfer from CPP to Alberta

Doug Chandler, Bonnie-Jeanne MacDonald: Transfer represents 53% of the CPP fund and that seems too big The Alberta government has released a consultant’s report that includes a $334-billion estimate of the asset transfer from the Canada Pension...

Source: Financialpost October 11, 2023

Why Canada should adopt the family as the basic taxing unit instead of the individual

Kim Moody: Doing so would result in a much fairer system and eliminate a lot of the complexity in the Income Tax Act Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission fro...