Daily News

Source: BNN Bloomberg September 13, 2023

TSX recap: Index up 0.20% on energy boost

  Strength in energy stocks as the price of oil moved higher helped Canada's main stock index post a small gain Tuesday, while U.S. stock markets moved lower, led by the Nasdaq which lost more than one per cent.  The S&P/TSX Composite Index closed up 40...

Commodities Source: BNN Bloomberg September 13, 2023

Investors drawn to oil and gas, energy transition, TSX top 30 list shows

Both traditional oil and gas stocks as well as Canada's mining and metals sector have benefited from a recent surge of investor interest in energy, new data from the Toronto Stock Exchange shows. The 2023 TSX 30 list, released by the exchange on Tuesday, i...

Market Call Source: BNN Bloomberg September 13, 2023

Mike Philbrick's Top Picks: September 12, 2023

Mike Philbrick, chief executive officer, ReSolve Asset Management FOCUS: Exchange-traded funds  MARKET OUTLOOK: Inflation, often termed “the silent thief,” poses a subtle but profound threat to traditional stock-bond portfolios. As the general pric...

Source: Financialpost September 13, 2023

Matthew Lau: The NDP is always wrong: That’s almost impressive

As long as the NDP allows the Liberal agenda to continue it must share the blame Pierre Poilievre spent last weekend at the Conservative convention offering Canadians hope for a better and more affordable country after Justin Trudeau’s time as...

Source: Financialpost September 13, 2023

SNC-Lavalin changing name to AtkinsRealis in rebranding move

Engineering giant wants makeover after 11 years marked by scandals and trouble with the law MONTREAL — SNC-Lavalin Group Inc. says it is changing its name to AtkinsRealis in a rebranding move after a tumultuous decade for the engineering giant....

Source: Financialpost September 13, 2023

Canadian home prices are so high that even owners want them to fall

Homeowners willing to give up their own wealth to improve affordability for others Most Canadians are prepared to see home values fall, according to a new poll, suggesting some homeowners are willing to give up a bit of their own wealth to impr...

Source: Financialpost September 13, 2023

Posthaste: Brace yourself, Canada's economy is weaker than you think

Population boom is masking the full extent of our economic gloom, says Desjardins Good morning, When the Bank of Canada held its interest rate steady last week it acknowledged the economy was slowing. But by how much? The public m...

Commodities Source: BNN Bloomberg September 12, 2023

Oil holds at yearly highs as technical levels give traders pause

Oil steadied near its highs of the year after rallying about 10 per cent in recent weeks, with technical indicators that suggest its gains may be overdone sapping the benefit of risk-on sentiment in broader markets. West Texas Intermediate edged lower to s...

Source: BNN Bloomberg September 12, 2023

TSX today: Index up on base metals strength

Strength in the base metal stocks helped lead Canada's main stock index higher in late-morning trading, while U.S. stock markets also rose to start the trading week. The S&P/TSX Composite Index was up 105.95 points, or 0.53 per cent, at 20,180.60. In Ne...

Source: BNN Bloomberg September 12, 2023

'We have never consumed more oil in history than we have today': Eric Nuttall

One prominent energy investor says the world has never consumed more oil than it currently does, despite narratives of waning demand. Oil prices have moved higher over the past three months, with West Texas Intermediate (WTI) oil prices was hovering at aro...