Daily News

Source: Financialpost August 02, 2023

David Rosenberg: My recession call has the haters out in force, but I've been here before

Talk of a 'soft-landing' has emboldened some, but there are reasons to be wary of over-valued U.S. equities When I was at Merrill, all through 2007 I was asked: “Where is this recession you’ve been calling for, Rosenberg?” THIS CONTENT...

Source: Financialpost August 02, 2023

'They want the $2 back': Metro must reinstate pandemic hero pay to end strike, says union

Walkout has shut down 27 supermarkets in Toronto area Get the latest from Jake Edmiston straight to your inbox Sign Up The union representing 3,700 employees at Metro Inc. says the grocery chain needs to immediately reinstate the $2 h...

Source: Financialpost August 02, 2023

Posthaste: These two cities are now the top-searched spots for real estate in Canada

Interest in Edmonton has quadrupled and Calgary doubled, says Royal LePage We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: These tw...

Technology Source: BNN Bloomberg August 01, 2023

How hedge fund managers are using ChatGPT

Hedge funds and other money managers are increasingly leaning on ChatGPT for marketing, and to summarize vast reports, according to a new survey. Forty-four percent of money managers use the artificial intelligence tool in a professional capacity, accordin...

Market Call Source: BNN Bloomberg August 01, 2023

Darren Sissons' Top Picks: July 31, 2023

Darren Sissons, partner and portfolio manager, Campbell, Lee & Ross FOCUS: Global and technology stocks  MARKET OUTLOOK: 2023 has surprised. Interest rates continue rising, companies are reporting declining or nearly flat earnings while major index...

Source: BNN Bloomberg August 01, 2023

TSX recap: Index finishes 0.52% higher amid gains in tech stocks

Canada's main stock index closed up more than 100 points Monday led by gains in tech and metals, while U.S. markets also rose.  The S&P/TSX Composite Index was up 107.27 points, or 0.52 per cent, at 20,626.64. In New York, the Dow Jones Industrial Avera...

Source: Financialpost August 01, 2023

Shell agrees to divest western assets to get approval on Empire deal

Divestment will address competition issues likely to result from proposed transaction OTTAWA — Canada’s competition watchdog says Shell Canada Ltd. has agreed to divest some of its western assets to advance its $100 million deal to buy gas stat...

Source: Financialpost August 01, 2023

Foreign homebuyer ban discouraging international athletes, executives from investing in Canada

One reason for current sluggish pace of luxury home sales in Toronto Canada’s foreign homebuyer ban is discouraging non-Canadian athletes and executives from investing in the country, which is one reason for the current sluggish pace of luxury...

Source: Financialpost August 01, 2023

Diane Francis: Trudeau's cabinet shuffle is about politics, not governance

Trudeau has shuffled a bunch of professional politicians into ministries they have little or no knowledge about Prime Minister Justin Trudeau’s government has degraded Canada’s standing in the world since he took office in 2015. A cabinet shuff...

Source: Financialpost August 01, 2023

Sovereign debt defaults soar as governments feel pinch of higher rates, data show

Sovereign debt defaults rose 35% in 2022 Get the latest from Barbara Shecter straight to your inbox Sign Up The amount of sovereign debt in default rose by 35 per cent in 2022 as interest rates climbed, reaching US$558 billion and rep...