Daily News

Source: BNN Bloomberg September 16, 2023

The Week Ahead: CPI data due; BoC Summary of Deliberations

Sunday, Sept. 17 World Petroleum Congress kicks off in Calgary and runs until Sept. 21 (Western Bureau Chief Tara Weber will be live on location Monday and Tuesday) Monday, Sept. 18 Notable data: Housing Starts (August), Industrial Product an...

Source: BNN Bloomberg September 16, 2023

U.S. stock drop has VIX rising from pre-pandemic level

Stocks fell, with a massive options event amplifying volatility and traders weighing the impacts of a strike that hit Detroit automakers while sifting through economic data before the Federal Reserve decision. Big tech led losses Friday, with giants like N...

Source: BNN Bloomberg September 16, 2023

TSX recap: Index ekes out small 0.26% gain Friday

Strength in battery metals and financial stocks helped Canada's main stock index eke out a small gain Friday, while U.S. markets fell, led by losses in tech. The S&P/TSX Composite Index closed up 54.50 points, or 0.26 per cent, at 20,622.34. In New York...

Source: Financialpost September 16, 2023

Posthaste: Canada's slowing jobs market may have perfect, hard or 'softish' landing, TD says

Bank of Canada looking for employment picture to cool to help reach inflation target We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthast...

Source: Financialpost September 16, 2023

Trudeau says home prices have climbed 'far too high'

Prime minister faces mounting pressure to act on housing affordability Justin Trudeau says home prices in Canada are too high and his government will take steps to improve affordability for residents who increasingly feel the “promise” of his c...

Source: Financialpost September 16, 2023

'Lipstick on a pig': Businesses say Ottawa's CEBA repayment extension misses crucial point

Deadline to repay CEBA loans extended by year, but that doesn't include a key forgiveness grant Get the latest from Naimul Karim straight to your inbox Sign Up Tina Hamlin, who runs a home decor company in Vancouver, was initially ela...

Source: Financialpost September 16, 2023

Has Canada actually undercounted its population by a million?

'You are comparing oranges and apples' says Statistics Canada's Laurent Martel Get the latest from Naimul Karim straight to your inbox Sign Up A CIBC Capital Markets Inc. report released last month suggested there are about a million...

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...