Governor Tiff Macklem explains that higher interest rates are working to slow inflation but warns that getting all the way back to the 2% target may take time. He...
As public-sector workers try to justify their excessive wage demands, private-sector workers struggle with the rising cost of groceries The Public Service Alliance of Canada (PSAC) walkout that essentially ended Monday had been brewing since la...
Doug Putman is taking over a third of the defunct retailer's locations in Canada for his own brand — rooms + spaces Serial entrepreneur Doug Putman, the man who revived dying brands like Toys “R” Us Canada Ltd., is launching a “better” version...
Many anxious higher rates will lead to bigger payments come renewal time We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Homeowner...
For housing market to normalize, home prices would need to correct by nearly 30%, David Rosenberg says Ottawa’s lofty immigration targets are exacerbating Canada’s housing affordability crisis that could create an “unstable situation” while pos...
Just a day after Wall Street breathed a sigh of relief with the rescue of First Republic Bank, a selloff in U.S. regional lenders fueled renewed anxiety over financial stability, sinking stocks across the board and spurring a flight to the safest corners of t...
The recent panic within the U.S. financial sector amid an uncertain global economic outlook has brought the price of bank stocks to attractive levels, one investment expert says. In this uncertain environment, both U.S. and Canadian bank stocks are being u...
Some Canadian equities are being undervalued by investors, and one investment professional has zeroed in on which stocks might have the most upside potential. Speaking with BNN Bloomberg’s Amber Kanwar on Tuesday, David Sekera, chief U.S. market strategist...
Canada's main stock index lost more than 200 points in a broad-based decline led by energy, while U.S. stock markets also fell. The S&P/TSX Composite Index closed down 207.54 points, or 1.01 per cent, at 20,407.56. In New York, the Dow Jones Industrial...
Starbucks Corp. posted sales that beat estimates as U.S. and China transactions increased. But that wasn’t enough to satisfy investors following a 15 per cent run-up in the stock price this year. Shares further slid after Chief Executive Officer Laxman Nar...