Daily News

Source: BNN Bloomberg October 07, 2023

Wall Street debates rates as U.S. stocks bounce

U.S. stock benchmarks rebounded after a tense week while the retreat in Treasuries extended as Wall Street debated the odds the Federal Reserve will raise interest rates again this year. The S&P 500 advanced 1.2 per cent Friday with the benchmark snapping...

Source: BNN Bloomberg October 07, 2023

The Week Ahead: home sales data due; FOMC minutes

Monday, Oct. 9 Thanksgiving Day in Canada, markets are closed Columbus Day in the U.S., stock markets are open, bond markets closed Tuesday, Oct. 10 Notable data: Bloomberg Nanos Confidence, U.S. NFIB Small Business Economic Trends Survey (...

Source: Financialpost October 07, 2023

Legal cocaine is coming, this Canadian startup predicts

Safe Supply Streaming Co. is betting on a third-wave of policy changes around hard drugs A startup just listed on the Canadian Securities Exchange with a business model based on a provocative prediction: legal cocaine is coming. Safe Supply S...

Source: Financialpost October 07, 2023

Here are the week's top 3 winners and biggest losers on TSX

It was a sea of red with the energy sector posting the largest drop The S&P/TSX composite index closed up 0.57 per cent on Oct. 6, but that wasn’t enough to pull markets into positive territory for the week. We apologize, b...

Source: Financialpost October 07, 2023

Jack Mintz: Alberta taking half of CPP assets is a reasonable place to start

When you look at how much more the province has put into the Canada Pension Plan than its counterparts, it makes sense I wasn’t going to write again on the Alberta Pension Plan and what has become the controversial LifeWorks report saying Alber...

Source: Financialpost October 07, 2023

Google rejects Trudeau's olive branch, threatens news link block over new law

Online News Act due to come into effect on Dec. 19 Alphabet Inc.’s Google moved closer to blocking Canadians from viewing news links on its search engine, after it rejected government regulations meant to placate its concerns about an impending...

Source: Financialpost October 07, 2023

Growing wages may force Bank of Canada to raise interest rates again

Rising wages represent a complicating factor because central bankers believe they can be inflationary Wages continued to grow in September, extending a trend that will help households cope with higher prices, but could also force the Bank of Ca...

Source: BNN Bloomberg October 06, 2023

Wall Street on edge as traders await payrolls data

Stocks and bonds have backed away from the worst of this week’s slump, though key data Friday threatens to spur a fresh slide. U.S. equity benchmarks ended the day pointing lower Thursday after the latest data showed weekly unemployment claims holding near...

Market Call Source: BNN Bloomberg October 06, 2023

Darren Sissons' Top Picks: October 5, 2023

Darren Sissons, partner and portfolio manager, Campbell, Lee & Ross FOCUS: Global and technology stocks  MARKET OUTLOOK: Given the likelihood of higher-for-longer interest rates and the current geopolitical uncertainty in China, Ukraine and the app...

Source: BNN Bloomberg October 06, 2023

TSX recap: Index finishes 0.54% higher amid gains in telecom stocks

Strength in utility and telecom stocks helped lift Canada's main stock index higher on Thursday, while U.S. stock markets moved lower. The S&P/TSX Composite Index closed up 103.00 points, or 0.54 per cent, at 19,137.81. In New York, the Dow Jones Indust...