Daily News

Source: BNN Bloomberg July 08, 2023

The Week Ahead: BoC rate decision, manufacturing data

Monday, July 10 Notable data: Canadian Building Permits (May), U.S. Wholesale Trade (May) Notable earnings: WD-40 Co. Tuesday, July 11 Notable Earnings: New Gold, MTY Food, Aritzia Wednesday, July 12 Notable data: BoC Policy Anno...

Source: Financialpost July 08, 2023

Howard Levitt: 10 years ago, I ditched my Ferrari in an epic Toronto storm and it's still the first thing anyone asks me about

How ditching my Ferrari in a storm changed my life forever Ten years ago this week Toronto experienced its biggest storm since 1954’s Hurricane Hazel. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news i...

Economy Source: Financialpost July 08, 2023

Canada's job gains triple forecasts, strengthening case for Bank of Canada rate hike

However, unemployment rate ticks up to highest in more than a year Canada’s economy added 60,000 jobs in June, three times what was forecast, but the unemployment rate ticked up to 5.4 per cent as more people searched for work. THIS CON...

Economy Source: Financialpost July 08, 2023

One more Bank of Canada rate hike and then a 'pause for the rest of the year': What economists say about huge job gains

But there are signs of loosening in the labour market Canada’s job gains blew the roof off expectations again but economists say there are signs of loosening in the labour market. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe...

Source: BNN Bloomberg July 07, 2023

The Canadian stock market is 'dirt cheap' right now: David Rosenberg

Investors looking to put their money to work in a heightened interest rate environment could find opportunities in the Canadian equity market, bonds, and cash, one Bay Street veteran advised.    In an interview with BNN Bloomberg’s Jon Erlichman on Thursday,...

Market Call Source: BNN Bloomberg July 07, 2023

Andrew Pink's Top Picks: July 6, 2023

MARKET OUTLOOK: We expect equity markets to remain volatile. There will be sector rotation and narrow markets until the U.S. Federal Reserve sees a path to its target inflation rate and stops increasing interest rates. When rates plateau and certainty is r...

Source: BNN Bloomberg July 07, 2023

U.S. stocks stumble as traders turn to payroll data

U.S. stocks fell for a second day in a row amid a spike in Treasury yields after surprisingly strong private hiring data. Traders are preparing for Friday payroll numbers to gauge the Federal Reserve’s next move. The S&P 500 and Nasdaq 100 benchmarks both...

Source: BNN Bloomberg July 07, 2023

TSX recap: Index finishes 1.46% lower on broad-based losses

Canada's main stock index was down almost 300 points in a broad-based decline, while U.S. stock markets also fell. The S&P/TSX Composite Index was down 293.20 points, or 1.46 per cent, at 19,810.69. In New York, the Dow Jones Industrial Average was down...

Source: Financialpost July 07, 2023

Iran tried to seize 2 oil tankers near Strait of Hormuz and fired shots at one of them: U.S. Navy

Area critical to transport of 20 per cent of world's crude oil DUBAI, United Arab Emirates — Iran tried to seize two oil tankers near the strategic Strait of Hormuz early July 5, firing shots at one of them, the U.S. Navy said. THIS CON...

Source: Financialpost July 07, 2023

North America's biggest biochar plant takes shape in Canada

Project will sequester 75,000 tons of carbon per year and generate certified carbon credits A group of Canadian and French companies will build a $80 million plant in Quebec to turn forestry waste into biochar, a black substance which can store...