Daily News

Economy Source: Financialpost August 18, 2023

Ex-Bank of Canada governor Poloz sees cracks in consumer resilience

Inflation likely to cool faster than people expect, opening door for lower interest rates Former Bank of Canada governor Stephen Poloz says inflation is likely to cool faster than people are expecting, opening the door for lower interest rates....

Source: BNN Bloomberg August 17, 2023

U.S. stocks, bonds fall as rate hikes left on the table

Pressure on U.S. equities and Treasuries ramped up in the final minutes of Wednesday’s session as traders digested hawkish comments from Federal Reserve officials at their last meeting. The S&P 500 dropped 0.8 per cent, slumping for the second day in a row...

Source: BNN Bloomberg August 17, 2023

Why investors should consider selling their telecom stocks: Analyst

The telecommunications sector has lagged significantly behind the broader market and investors might want to consider selling some of these stocks in their portfolios, one analyst is warning. Speaking with BNN Bloomberg’s Amber Kanwar on Wednesday, Keith S...

Market Call Source: BNN Bloomberg August 17, 2023

Greg Newman's Top Picks: August 16, 2023

Greg Newman, senior wealth advisor and portfolio manager, ScotiaMcLeod FOCUS: North American stocks and protection strategies  MARKET OUTLOOK: Rising bond yields, an anemic China, seasonality, higher valuations, more downgrades on the U.S. banks an...

Source: BNN Bloomberg August 17, 2023

TSX recap: Index closes flat amid strength in energy

Strength in the energy sector helped buoy Canada's main stock index to a flat close on Wednesday while U.S. markets moved lower.  The S&P/TSX Composite Index closed down less than one point at 19,899.07. In New York, the Dow Jones Industrial Average was...

Source: BNN Bloomberg August 17, 2023

John Ruffolo: AI hype is calming down for now

One of Canada’s top venture capitalists believes the hype surrounding artificial intelligence is calming down, but a few factors could have it ramping back up soon. John Ruffolo, founder and managing partner of Maverix Private Equity, told BNN Bloomberg th...

Source: Financialpost August 17, 2023

Need a charge? Canada’s $5-billion battery plant is looking for employees

But filling those jobs might prove to be challenging in Canada's tight labour market A $5-billion electric-vehicle (EV) battery plant being constructed in Windsor, Ont., by a company backed by Netherlands-based automaker Stellantis NV and South...

Source: Financialpost August 17, 2023

Matthew Lau: Polls suggest Trudeau Liberals are hitting the brick wall of reality

Government has failed at its real responsibilities: public safety and national defence The declining political fortunes of the federal Liberal party — the latest polls suggest they trail the Conservatives by as much as 10 points — is good news....

Source: Financialpost August 17, 2023

Canadian finds lithium eureka moment in a bag of potato chips

Episode 204 of Down to Business podcast Get the latest from Gabriel Friedman straight to your inbox Sign Up As the battery emerges as the single most valuable component in the vehicle of the future – the electric vehicle – the race is...

Source: BNN Bloomberg August 16, 2023

S&P 500 drops below key level in late-day slide

The drop in U.S. stocks deepened in the final hour of Tuesday trading amid signs the Federal Reserve’s fight with inflation was not yet done. Shorter-dated U.S. bonds gained as investors bought the dip. The S&P 500 Index’s 1.2 per cent drop sent the equiti...