Daily News

Source: Financialpost June 01, 2023

Posthaste: Canadians' high mortgage debt a 'ticking time bomb' as renewals loom

Variable-rate mortgage borrowers' payments may climb above 40% in 2026 when they renew, Desjardins says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our...

Source: Financialpost June 01, 2023

Odds of Bank of Canada rate hike just went up as economy beats expectations

Markets now see 40% chance of a hike next week, 100% chance of another hike by September Get the latest from Stephanie Hughes straight to your inbox Sign Up Stronger-than-expected economic growth in the first quarter could force the B...

Economy Source: Financialpost June 01, 2023

Economy's growth beats expectations of Bay Street and Bank of Canada

GDP surge puts more pressure on central bank to hike interest rates The Canadian economy started off strong in the second quarter, extending a streak of better-than-expected growth and boosting the likelihood of another Bank of Canada rate hike...

Economy Source: Financialpost June 01, 2023

Consumers underpin Canada's GDP blowout: What the economists are saying

You can't keep the Canadian consumer down, say economists, as first-quarter spending rebounds Canada’s GDP came roaring back in the first quarter with consumers doing much of the heavy lifting. THIS CONTENT IS RESERVED FOR SUBSCRIBERS O...

Economy Source: Financialpost June 01, 2023

Canada targets immigrants with specific skills and French speakers

New policy invites newcomers with the skills, training and language abilities to fill jobs that are in demand Get the latest from Naimul Karim straight to your inbox Sign Up Canada will bring in more carpenters, plumbers, health-care...

Source: BNN Bloomberg May 31, 2023

TSX recap: Index closes down 1.1% as oil prices fall

Canada's main stock index was down more than 200 points as the price of oil fell and losses in energy, financial and base metal stocks helped lead the way lower, while U.S. markets were mixed. The S&P/TSX Composite Index was down 228.25 points, or 1.1 per...

Market Call Source: BNN Bloomberg May 31, 2023

John Zechner's Top Picks: May 30, 2023

John Zechner, chairman and founder, J. Zechner Associates FOCUS: North American large-cap stocks   MARKET OUTLOOK: After a tough year for all asset classes in 2022, this year has seen gains for a very narrow group of large technology stocks. This g...

Source: BNN Bloomberg May 31, 2023

U.S. stock rally loses steam after AI-fueled Euphoria

Stocks treaded water after a rally driven by the artificial-intelligence hype drove the market to its highest since August. Treasury yields fell on hopes the U.S. Congress will pass a debt deal to head off a default.  The S&P 500 closed little changed, whi...

Source: BNN Bloomberg May 31, 2023

How money managers are using AI to invest

The use of artificial intelligence in finance is fundamentally changing the way money managers build investment strategies and at great speed — but it comes with it’s own set of risks, experts warn.    While the integration of technology in trading has long...

Source: Financialpost May 31, 2023

Shopify faces class action as recently laid-off staff allege it reneged on severance offers

Twenty per cent of employees cut this month A class-action lawsuit alleges Shopify Inc. reneged on a deal it offered some employees who were laid off in a recent round of cuts. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now...