Daily News

Source: BNN Bloomberg September 09, 2023

TSX recap: Index dips 0.29% on losses in metals, tech

Canada's main stock index posted a small loss Friday, with broad-based weakness led by metals and tech, while U.S. markets eked out slim gains. The S&P/TSX Composite Index closed down 57.43 points, or 0.29 per cent, at 20,074.65. In New York, the Dow Jo...

Source: BNN Bloomberg September 09, 2023

The Week Ahead: Earnings from Empire Co., Roots, Transat

Monday, September 11 Notable earnings: Oracle Corp. Tuesday, September 12 Notable data: U.S. NFIB Small Business Economic Trends Survey Notable earnings: Roots Corp., WildBrain Wednesday, September 13 Notable data: National Balan...

Source: BNN Bloomberg September 09, 2023

Dollar bulls vindicated in longest run since 2005

A seemingly unstoppable rally drove the dollar to a record streak of weekly gains amid bets the Federal Reserve will keep interest rates higher for longer. The Bloomberg Dollar Spot Index barely budged Friday, while notching its eighth straight up week — t...

Source: BNN Bloomberg September 09, 2023

Just eight exchanges handle 90% of all crypto trading volume

In cryptocurrency markets, liquidity is uber-concentrated and has become more so over time, with nearly all of it found on just eight exchanges. The top eight platforms account for nearly 92 per cent of depth — a measure of all bids and asks within 10 per...

Source: Financialpost September 09, 2023

FP Answers: Should I allocate a $75,000 inheritance to my RRSP or my TFSA?

Goals are key to indicating which investment to choose and often the type of account to choose By Julie Cazzin with Janet Gray We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see...

Source: Financialpost September 09, 2023

Successive governments have taken Canada's economic security for granted, businesses say

Canada needs a new national security policy based on economic security, report says Get the latest from Naimul Karim straight to your inbox Sign Up It may seem on first blush that Canada has taken a number of steps to protect its busi...

Source: Financialpost September 09, 2023

'It's gonna get worse': Banks are bracing for bad loans, but the trouble is only getting started

Big Six recorded $3.54 billion in loan loss provisions in most recent quarter and analysts expect that figure to climb Loan loss provisions piled up at Canada’s big banks in their most recent quarter. Now the question is, ‘How high can they go?...

Source: Financialpost September 09, 2023

Howard Levitt: The CRA has closed a loophole that will transform severance settlements

Wrongful dismissal cases in Canada have just become more difficult to settle There is a dirty little secret as to how employment law cases get settled. But it is coming to an end — this column will hasten its demise. We apo...

Economy Source: Financialpost September 09, 2023

Canada adds unexpected 40,000 jobs in August — but 50,000 needed to maintain pace

Surprise gain unlikely to bring Bank of Canada off sidelines on interest rates Employers hired more workers than expected in August, but the unemployment rate held steady due to a population increase of 103,000, so the surprise gain likely won’...

Source: BNN Bloomberg September 08, 2023

Tech slide fuels defensive bid as blue chips gain

Stocks came off session lows as blue chips gained traction amid concern over how a Chinese ban on Apple Inc.’s iPhone could impact the big tech, the industry that has driven this year’s market rally. The S&P 500 trimmed losses by more than half, led by an...