Daily News

Market Call Source: BNN Bloomberg May 27, 2023

Jason Del Vicario's Top Picks: May 26, 2023

Jason Del Vicario, portfolio manager, Hillside Wealth Management, iA Private Wealth FOCUS: North American and global growth stocks  MARKET OUTLOOK: Our thoughts never waver regardless of the macro backdrop; if anything, we favour challenging econom...

Source: BNN Bloomberg May 27, 2023

​AI is going to bring 'profound' change to companies: Investment expert

The chief executive officer at JMP Securities, an investment banking and asset management firm, predicts that the average investor should be prepared to see a vast change in how companies will operate with the use of artificial intelligence.    “These (tech)...

Source: BNN Bloomberg May 27, 2023

The Week Ahead: Earnings from National Bank; GDP data due

Monday, May 29 Memorial Day – U.S. markets are closed Alberta Election Notable guests: Mirko Bibic, President and CEO, BCE and Bell Canada Tuesday, May 30 Notable data: Current Account Balance, S&P CoreLogic Case-Shiller Home Price Index,...

Source: Financialpost May 27, 2023

These are the biggest myths in personal finance — and they'll cost you if followed blindly

Jason Heath: Beware of financial advice that is biased or even outright wrong Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this...

Source: Financialpost May 27, 2023

ConocoPhillips to buy remaining stake in Surmont for $4 billion, thwarting Suncor

Exercises first right of refusal for TotalEnergies stake ConocoPhillips exercised its right to acquire TotalEnergies SE’s 50 per cent stake in the Surmont oilsands field for as much as US$3.33 billion ($4 billion), giving it full control of the...

Source: Financialpost May 27, 2023

Stellantis CEO's Windsor EV gambit part of pattern of relentless hunt for savings

Carlos Tavares squeezing Canada's government for more money for stalled battery plant In Italy, Stellantis NV is cutting jobs and being accused of skimping on janitorial work. In the U.S., it’s offering buyouts to scores of staff and has idled ...

Economy Source: Financialpost May 27, 2023

'Not a simple story': Labour shortages aren't being driven by lack of highly educated job seekers

Shortages appear to be mostly centred in jobs requiring little education Get the latest from Naimul Karim straight to your inbox Sign Up Labour shortages in Canada appear to be mostly centred in jobs requiring little education, while...

Source: BNN Bloomberg May 26, 2023

AI drives tech rally, outweighing U.S. debt concerns

U.S. stocks rose Thursday as a rally in companies linked to the frenzy in artificial intelligence outweighed broader market concerns including a U.S. debt default. The S&P 500 gained 0.9 per cent while the tech-heavy Nasdaq 100 added 2.5 per cent after a b...

Real Estate Source: BNN Bloomberg May 26, 2023

A quarter of Canadians want to buy an investment property within five years: Survey

More than a quarter of Canadians have plans to purchase an investment property in the next five years, according to a new survey from Royal LePage, though high interest rates have some property investors musing whether to sell. The survey, conducted by Leg...

Source: BNN Bloomberg May 26, 2023

What are loan loss provisions and why is it a theme this bank earnings season?

Canada's leading banks are taking precautions around their credit divisions should consumers fail to pay back their loans. Five of the leading six Canadian banks who have reported second-quarter earnings have revealed a significant jump in loan loss provis...