Daily News

Source: BNN Bloomberg May 13, 2023

U.S. stocks, bonds slump as inflation fears mount

U.S. stocks dipped while bond yields climbed after a reading of long-term inflation expectations rose unexpectedly and a fresh warning on the debt-ceiling.  The S&P 500 erased early gains to slide 0.3 per cent while the Nasdaq 100 fell 0.5 per cent after t...

Source: BNN Bloomberg May 13, 2023

TSX today: Index posts small gain

Canada's main stock index eked out a minute gain Friday with technology stocks weighing down the index, while U.S. markets moved lower. The S&P/TSX Composite Index was up 20,419.62, or 0.01 per cent, 2.01. In New York, the Dow Jones Industrial Average w...

Market Call Source: BNN Bloomberg May 13, 2023

Brendan Caldwell's Top Picks: May 12, 2023

Brendan Caldwell, president and CEO, Caldwell Investment Management FOCUS: North American Large Cap Stocks  MARKET OUTLOOK: Building on the momentum from last fall, equities continued to rally into 2023 on the back of an anticipated Fed pivot and rel...

Source: BNN Bloomberg May 13, 2023

​Are we headed towards a bull market? Veteran investor weighs in

Despite the concerns of what might lie ahead for the global economy, one veteran investor is confident the U.S. markets will push higher from here.    When you looking at the overall performance of the S&P500, Edward Yardeni, president of Yardeni Research, t...

Source: BNN Bloomberg May 13, 2023

The Week Ahead: Canada inflation data; Earnings from Home Depot, Canada Goose

Monday, May 15 Notable data: Housing Starts, Wholesale Trade, Existing Home Sales, MLS Home Price Index, Empire State Manufacturing Survey Notable earnings: Dorel Industries, Centerra Gold, Constellation Software, Absolute Software, ECN Capital Nota...

Source: Financialpost May 13, 2023

Posthaste: Insolvencies surge to highest since start of pandemic — and it's going to get worse

Rise in insolvencies in many provinces double what it would normally be We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Insolvencie...

Source: Financialpost May 13, 2023

WestJet pilots could strike next week — but imminent walkout would be 'premature'

Negotiations are ongoing MONTREAL — Talks between WestJet Airlines Ltd. pilots and their employer continued on May 12 as the union warned a walkout could come as early as next week, leaving passengers’ travel plans up in the air. THIS C...

Source: Financialpost May 13, 2023

Scotiabank fined $22.5M by U.S. agencies for use of unapproved messaging apps

'Pervasive and long-standing' use of off-channel communications at the bank TORONTO — Bank of Nova Scotia has been fined US$22.5 million by two U.S. agencies for violations related to employee use of unapproved communication methods including t...

Source: Financialpost May 13, 2023

Crypto platform Binance quits Canada after provinces join together to tighten rules

Digital assets industry in regulators' sights in wake of FTX meltdown Get the latest from Barbara Shecter straight to your inbox Sign Up Binance, the world’s largest cryptocurrency exchange, said it is pulling out of Canada after the...

Source: BNN Bloomberg May 12, 2023

TSX today: Index closes down due to losses in energy, metals

Canada's main stock index was down more than 80 points Thursday, led by losses in energy and metals, while U.S. markets were mixed. The S&P/TSX Composite Index was down 80.91 points, or 0.39 per cent, at 20,418.40. In New York, the Dow Jones Industrial...