Daily News

Source: Financialpost August 24, 2023

Not all pensions are created equally, so choose wisely

Variations can impact retirement income, estate planning, control and costs Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this pa...

Source: Financialpost August 24, 2023

More office workers call in sick on August 24 than any other day

People most often call in sick citing stomach bugs, but absences for mental health reasons are also on the rise Perhaps it’s the inexplicable craving for a day off ahead of the big Labour Day holiday. Perhaps it really is a stomach bug, or that...

Economy Source: Financialpost August 24, 2023

Slumping retail sales could keep Bank of Canada interest rate on hold

Latest readings suggest economy is slowing Retail sales flatlined in the second quarter while sales volume dropped 0.8 per cent, Statistics Canada said on Aug. 23, signs that economic activity is weakening as the Bank of Canada’s rate hikes tak...

Source: BNN Bloomberg August 23, 2023

U.S. stocks struggle as Nvidia drops in earnings run-up

Stocks failed to gain further traction a day after the rally in big tech, with traders bracing for Nvidia Corp.’s results — which are set to test Wall Street’s fervor around the artificial-intelligence hype. The S&P 500 extended its August slide. Banks dro...

Source: BNN Bloomberg August 23, 2023

TSX today: Financial stocks drive index lower

Losses in the financial sector helped lead Canada's main stock index lower in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX Composite Index was down 68.94 points, or 0.35 per cent, at 19,715.93. In New York, the Dow Jones Indust...

Source: BNN Bloomberg August 23, 2023

​Three hotel stocks positioned for growth: Expert

Wall Street thinks hotel stocks are fairly valued, but one investment expert forecasts a significant jump for these stocks ahead.    Speaking with BNN Bloomberg’s Amber Kanwar on Tuesday, George Ball, chairman of Sanders Morris Harris, said the run up in tra...

Source: BNN Bloomberg August 23, 2023

Canada pension joins startup at US$100M reforestation fund

Canada's largest pension fund has joined a project to produce carbon credits by planting more than 100 native tree species on degraded land in Brazil's Amazon region.  Canada Pension Plan Investment Board will invest as much as US$30 million in a reforesta...

Market Call Source: BNN Bloomberg August 23, 2023

John Zechner's Top Picks: August 22, 2023

John Zechner, chairman and founder, J. Zechner Associates FOCUS: North American large-cap stocks  MARKET OUTLOOK: Stocks rallied this summer as investors believe that the U.S. Federal Reserve can successfully achieve a “soft economic landing.” The...

Source: Financialpost August 23, 2023

Northvolt raises $1.2 billion amid plans to open battery plant in Canada

Northvolt close to deal to build $7-billion plant near Montreal, Bloomberg reported in June Northvolt AB raised US$1.2 billion from North American investors including BlackRock Inc. and the Canada Pension Plan Investment Board as the Swedish ba...

Source: Financialpost August 23, 2023

Peter Hall: Why the Bank of Canada should ignore the July inflation spike

The rate-hikes potion seems to be working and too much can be lethal Conventional wisdom has it that the Bank of Canada is not done raising interest rates. Statistics Canada reported last week that year-over-year increases in the consumer price...