Daily News

Source: BNN Bloomberg September 02, 2023

​TSX today: Index up on broad-based gains

Canada's main stock index gained almost one per cent in afternoon trading Friday on broad-based strength after the latest GDP report helped bolster hopes that the Bank of Canada could be done hiking interest rates. U.S. markets were mixed.    The S&P/TSX Com...

Market Call Source: BNN Bloomberg September 02, 2023

Rob Lauzon's Top Picks: September 1, 2023

Rob Lauzon, chief investment officer, Middlefield Capital Corporation FOCUS: Global and North American equities  MARKET OUTLOOK: With earnings growth troughing and economic data holding up, we expect the outlook for stocks to improve through year-e...

Source: Financialpost September 02, 2023

Ottawa to reveal plan for emissions cap on oil and gas this fall

Certain to prompt a fight with Alberta Prime Minister Justin Trudeau’s government plans to unveil its proposal to cap oil and gas emissions this fall, a policy that will test Canada’s ability to meet its climate targets without knee-capping a c...

Source: Financialpost September 02, 2023

Opinion: Veganism is as bad for the planet as meat-eating

'Green' foods have their environmental downsides, too. Better to pursue efforts to make beef and milk production more emissions-free By Jason Reed Environmental campaigners are keen to tell us the greenhouse gases emitted by mass animal farmi...

Source: Financialpost September 02, 2023

Shell quietly retires its radical plans to shrink its carbon footprint

A faltering offsets program points to new problems with the corporate world’s favourite 'climate solution' Six months after becoming the chief executive officer at Shell PLC, Wael Sawan quietly ended the world’s biggest corporate plan to develo...

Economy Source: Financialpost September 02, 2023

Shrinking economy raises odds Bank of Canada rate hikes at end

GDP reading comes in lower than forecasts by economists and the central bank The Canadian economy slowed more than expected in the first half of the year, a development that could strengthen the case for the Bank of Canada to hold interest rate...

Source: BNN Bloomberg September 01, 2023

Wall Street's tough August ends with jobs in sight

Stocks churned at the end of a challenging month, with traders parsing mixed economic data and awaiting a key jobs reading to gauge the outlook for Federal Reserve policy. Bond yields fell. The dollar rose. The S&P 500 finished with a small loss on Thursda...

Source: BNN Bloomberg September 01, 2023

Investors willing to overlook CIBC Q3 weakness will see an impressive quarter: Barclays

Investors who are willing to overlook the staggering amount of money that the Canadian Imperial Bank of Commerce (CIBC) set aside for bad loans will be able to find a silver lining in the bank’s third quarter results, according to one analyst.    CIBC sur...

Source: BNN Bloomberg September 01, 2023

Tension with China could boost these industrial stocks, expert says

The industrial sector is getting an investment boost amid geopolitical tensions between China and North America, one expert said.    Maxim Sytchev, managing director of industrial products at National Bank of Canada, said any company that is not connected to...

Source: BNN Bloomberg September 01, 2023

Canadian pot stocks jump on reports that U.S. may ease cannabis restrictions

  Embattled Canadian cannabis stocks jumped Thursday on the hope that the U.S. may ease restrictions on the substance.  The Associated Press reported that the U.S. health department has recommended marijuana be moved from a schedule one to a schedule th...