Daily News

Executive Summary Source: Financialpost April 21, 2023

Posthaste: 7 'myths' about Canada's finances — the 'road to ruin' or just 'fiscal fearmongering?'

Desjardins Economics tackles these persistent claims about debt, deficits and taxes Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on...

Source: BNN Bloomberg April 20, 2023

TD spots a red flag not seen since 2007 coming for the corporate bond market

Last month’s banking drama means a technical tidal wave may be coming for the biggest slice of the US$10 trillion market for corporate bonds. That’s according to TD Securities, where analysts are predicting that banks’ collective higher cost of funding wil...

Market Call Source: BNN Bloomberg April 20, 2023

Brian Madden's Top Picks: April 19, 2023

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities   MARKET OUTLOOK: First-quarter earnings releases will soon be in full swing, and we expect they will be sobering, at least in terms of the rate of...

Source: BNN Bloomberg April 20, 2023

U.S. stocks edge lower; Tesla falls in late trading

Stocks were little changed as traders assessed another batch of corporate earnings and remained focused on any signals about the Federal Reserve’s next policy moves. Bond yields climbed. The S&P 500 halted a two-day advance. The Cboe Volatility Index hit i...

Company News Source: BNN Bloomberg April 20, 2023

IBM sees modest annual sales growth on strong second half

International Business Machines Corp. gave a forecast for annual revenue in line with analysts’ projections, delivering a cautiously optimistic signal about technology spending in an uncertain economy. Sales will increase from 3 per cent to 5 per cent in 2...

Source: Bankofcanada April 20, 2023

Opening Statement before the Standing Senate Committee on Banking, Commerce and the Economy

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Monet...

Source: Financialpost April 20, 2023

Higher rates are hitting homebuilding amid already languishing inventories

Pace of housing starts down 11%, seen as further drag on GDP The pace of housing starts in Canada fell 11 per cent in March as high interest rates continued to make conditions difficult for developers, according to the latest data from the Cana...

Source: Financialpost April 20, 2023

'Costs could be staggering': How businesses, Bay Street are reacting to the PSAC strike

Scotiabank economist estimates strike could cost government $200 million a day The reaction from business to the decision by the Public Service Alliance of Canada (PSAC) to trigger one of the biggest strikes in Canada’s history was universally...

Source: Financialpost April 20, 2023

TD spots a red flag not seen since 2007 coming for the corporate bond market

Technical tidal wave may be coming for the biggest slice of the US$10-trillion market for corporate bonds Last month’s banking drama means a technical tidal wave may be coming for the biggest slice of the US$10-trillion market for corporate bon...

Source: Financialpost April 20, 2023

Rich GOP Donors Want a Trump Alternative. DeSantis Has Them Worried

Donald Trump’s surge in the polls after his indictment has sidelined some major Republican donors, who are losing confidence that Florida Governor Ron DeSantis or any other GOP hopeful will displace the former president as the party’s leader. (...