Daily News

Source: BNN Bloomberg September 15, 2023

Stocks climb on bets Fed can achieve soft landing

Stocks rose after strong economic reports revived speculation the Federal Reserve will be able to engineer a soft landing even if it keeps interest rates higher for longer. The euro fell on bets the European Central Bank will stay on hold after hiking on Thur...

Source: BNN Bloomberg September 15, 2023

​Homebuilding stocks positioned to rise: Analyst

Homebuilding stocks have outperformed the S&P 500 this year and one analyst says they will continue to rise in the months ahead.    Joe Ahlersmeyer, equity research analyst at Deutsche Bank, told BNN Bloomberg on Thursday that home building stocks have skyro...

Source: BNN Bloomberg September 15, 2023

TSX recap: Index climbs 1.42% on broad-based rally

Canada's main stock index gained almost 300 points on a broad-based rally led by base metal stocks as the price of oil reached US$90 per barrel, while U.S. stock markets also rose. The S&P/TSX Composite Index closed up 288.90 points, or 1.42 per cent, at 2...

Company News Source: BNN Bloomberg September 15, 2023

Dye & Durham suffers record drop on Canadian property struggles

Dye & Durham Ltd.’s share price is the latest victim of the slowdown in Canada’s struggling property market, as the real estate software maker’s stock sustained its biggest one-day plunge ever on Thursday. The Toronto-based company fell 19 per cent, the mo...

Market Call Source: BNN Bloomberg September 15, 2023

Stan Wong's Top Picks: September 14, 2023

Stan Wong, portfolio manager, Scotia Wealth Management FOCUS: North American large caps and ETFs  MARKET OUTLOOK: Staying true to historical seasonality patterns, the months of August and September (thus far) have demonstrated to be a more challeng...

Source: Financialpost September 15, 2023

Joe Oliver: Liberals on the same path of self-inflicted ruin as the Soviets

Growing gap between Ottawa's version of reality and the facts on the ground becoming apparent to Canadians The Soviet Union ultimately collapsed from internal contradictions related to a faltering ideology, limited free speech, economic mismana...

Source: Financialpost September 15, 2023

Trudeau calls on major grocers to create plan to stabilize food prices or face conseqences

5 largest grocers will be asked to come up with plan by Thanksgiving LONDON, Ont. — The federal government is demanding major Canadian grocers come up with a plan to stabilize prices, drawing pushback from the food industry....

Source: Financialpost September 15, 2023

Posthaste: Poll finds a lot of Canadians want to sell their homes within 3 years

But likelihood that all would follow through extremely low We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Poll finds a lot of Can...

Source: Financialpost September 15, 2023

VW lays off workers at key EV factory over cratering demand

Phaseout of EV subsidy in Germany causes demand to drop Volkswagen AG is cutting temporary workers at its main electric-vehicle factory in Germany after the phaseout of a subsidy in the country caused demand for its EVs to drop....

Source: BNN Bloomberg September 14, 2023

TSX today: Index finishes 0.28% higher

Canada's main stock index posted a small gain Wednesday while U.S. stock markets were mixed after the latest report on inflation south of the border.  The S&P/TSX Composite Index closed up 55.86 points at 20,278.94. In New York, the Dow Jones Industrial...