Daily News

Source: BNN Bloomberg July 29, 2023

​Software sector to benefit first from AI push: Investment head

The software industry will be among the first to see productivity and growth from the artificial intelligence boom, one investment professional says.    Speaking with BNN Bloomberg’s Andrew Bell, Stefan Slowinski, global head of software Research at BNP Pari...

Market Call Source: BNN Bloomberg July 29, 2023

Bruce Campbell's Top Picks: July 28, 2023

Bruce Campbell, president and portfolio manager, StoneCastle Investment Management FOCUS: Canadian stocks  MARKET OUTLOOK: After a challenging and humbling 2022, many investors have been surprised by the rebound in 2023.    During the fourth qua...

Source: BNN Bloomberg July 29, 2023

Wall Street rekindles risk-on 'Goldilocks' trade

Wall Street shook off worries over the Bank of Japan policy tweak as another round of U.S. data bolstered bets on the so-called Goldilocks scenario of an economy that’s neither running too hot nor too cold. The stock market powered ahead as key gauges of i...

Source: BNN Bloomberg July 29, 2023

The Week Ahead: Canadian jobs, auto sales data due

Monday, July 31 Notable earnings: Centerra Gold, Gibson Energy, TFI International, Freehold Royalties Tuesday, August 1 Notable data: Canadian auto sales Notable earnings: Andlauer Healthcare, First Capital, EQB, RioCan REIT, Dream Industri...

Source: Financialpost July 29, 2023

Howard Levitt: Employee's DEI experience a cautionary tale for companies on perils of wokeism

The experience of a Toronto school principal illustrates why DEI is finally encountering a massive backlash Two related stories hit my desk this week, both about the perils of wokeism and increasing backlash against diversity, equity and inclus...

Source: Financialpost July 29, 2023

Laurentian Bank shares dive as Scotiabank, TD drop out of pool of buyers

Drops as much as 9% Laurentian Bank of Canada shares tumbled as much as nine per cent on a report that Bank of Nova Scotia and Toronto-Dominion Bank dropped out of the running to acquire the Montreal-based lender. THIS CONTENT IS RESERV...

Economy Source: Financialpost July 29, 2023

Canada's growth slows in second quarter, shrinks in June

Canadian economic momentum decelerated in the second quarter after an unexpectedly strong start to the year Canadian economic momentum decelerated in the second quarter after an unexpectedly strong start to the year. THIS CONTENT IS RES...

Economy Source: Financialpost July 29, 2023

Canada's economy grows 0.3% in May, but likely shrank in June

Early estimate sees 1% growth in second quarter OTTAWA — Statistics Canada say the Canadian economy grew by 0.3 per cent May. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Ca...

Economy Source: Financialpost July 29, 2023

Slowing growth could keep Bank of Canada on sidelines

What the economists say about the latest GDP numbers Canada’s economic growth slowed in the second quarter after a strong start to the year, data from Statistics Canada showed Friday. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscr...

Source: BNN Bloomberg July 28, 2023

Halal finance options have expanded in recent years, but demand outstrips supply

When Imad Ansari wanted to start investing around 15 years ago, his options were limited. As a practicing Muslim, Ansari wanted to make sure his investments were halal, meaning that they followed Islamic rules. But there was little on offer that adhered to...