Daily News

Economy Source: Financialpost September 30, 2023

Canada's economic growth misses forecasts, backing interest rate pause

Economy still in a soft patch as interest-rate increases weigh on indebted households, restrain spending The Canadian economy rebounded slightly last month but still saw little growth, backing a case for the central bank to keep rates on hold d...

Economy Source: Financialpost September 30, 2023

'Struggling to grow': What economists are saying about Canada's GDP

Weak readings could keep the Bank of Canada interest rate on hold Canada’s gross domestic product was flat for July, matching Statistics Canada’s early estimate but falling short of analysts’ expectations of 0.1 per cent growth....

Source: BNN Bloomberg September 29, 2023

Tech stocks rebound, U.S. Treasury yields turn lower

U.S. stocks rebounded after nearing oversold territory this week, U.S. Treasury yields fell while Federal Reserve Chair Jerome Powell sidestepped investor concerns over the outlook for interest rates at an event.  Tech behemoths, including Nvidia Corp. and...

Source: BNN Bloomberg September 29, 2023

TSX recap: Index recoups some of earlier losses with 0.80% gain

Canada's main stock index regained some of its recent losses as it rose more than 100 points in Thursday trading, while U.S. stock markets also moved higher. The S&P/TSX Composite Index was up 154.76 points, or 0.80 per cent, at 19,590.74. In New York,...

Source: Financialpost September 29, 2023

New Alternative Minimum Tax rules might mean donating more to charity this year

Jamie Golombek: AMT could be an issue for higher-income taxpayers if a charitable gift is made in 2024, as opposed to 2023 Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commissi...

Source: Financialpost September 29, 2023

What the Canada Pension Plan might look like without Alberta

Separate fund that is part of enhanced CPP could reach $1.3 trillion by 2050 Get the latest from Barbara Shecter straight to your inbox Sign Up As the bickering begins over how much of the Canada Pension Plan fund Alberta would be ent...

Source: BNN Bloomberg September 28, 2023

Bond selloff grinds on as oil tests US$94 a barrel

Treasuries sold off while equities churned as investors contemplated the prospect of higher interest rates and rising oil prices. The U.S. dollar extended its climb for a sixth day. The yield on the 10-year traded at a 16-year high after oil hit a one-year...

Market Call Source: BNN Bloomberg September 28, 2023

Andrew Moffs' Top Picks: September 27, 2023

Andrew Moff, senior vice president and portfolio manager, Vision Capital FOCUS: Real Estate Stocks MARKET OUTLOOK: As the third quarter draws to a close, elevated interest rates continue to be a cause for concern, with central bank policies indicat...

Source: BNN Bloomberg September 28, 2023

TSX recap: Index down 0.61% despite climbing energy stocks

Canada's main stock index declined by more than 100 points on Wednesday despite strength in energy stocks as the price of oil climbed higher, which wasn't enough to offset broad-based losses. The S&P/TSX Composite Index was down 120.17 points, or 0.61 per...

Company News Source: BNN Bloomberg September 28, 2023

Blackstone bets on Canadian immigration to usher in growth

With highly educated immigrants set to grow Canada’s population, one of the world’s largest asset management firms is looking to invest heavily in the country.   Blackstone, the world’s largest alternative asset management company which oversees US$1 trilli...