Daily News

Source: BNN Bloomberg April 13, 2023

TSX recap: Index finishes 0.16% higher

Canada's main stock index eked out a gain Wednesday, while U.S. markets slumped later in the day to post small losses on the heels of fresh inflation data.  The S&P/TSX Composite Index was up 32.47 points, or 0.16 per cent, at 20,454.32. In New York, th...

Source: BNN Bloomberg April 13, 2023

U.S. stocks, bonds stuck in range as inflation persists

U.S. stocks limped into the final minutes of the afternoon session after jumping at the open on data that showed inflation moderated, but was likely not enough to forestall the Federal Reserve from raising interest rates one more time this year. The S&P 50...

Market Call Source: BNN Bloomberg April 13, 2023

Greg Newman's Top Picks: April 12, 2023

Greg Newman, senior wealth advisor and portfolio manager, Newman Group, ScotiaMcLeod FOCUS: North American stocks and protection strategies  MARKET OUTLOOK: Many continue to call for caution while believing a recession to be around the corner. Yet,...

Source: Financialpost April 13, 2023

Matthew Lau: Galen Weston deserves his raise, which is Loblaw’s business not anyone else’s

Rewarding corporate executives for good performance resonates with employees and investors The pay raise Loblaw gave CEO Galen Weston in 2022 has been roundly condemned, by everyone from NDP leader Jagmeet Singh (of course) to the Toronto Sun’s...

Source: Financialpost April 13, 2023

Ross McKitrick: The important climate study you won't hear about

Challenges trends in climate simulations An important new study on climate change came out recently. I’m not talking about the Intergovernmental Panel on Climate Change (IPCC) Synthesis Report with its nonsensical headline “Urgent climate actio...

Source: Financialpost April 13, 2023

Former Bank of Canada chief sits on cash, waiting for bonds to tumble

David Dodge says global economy is entering a new phase where real interest rates and inflation are higher Former Bank of Canada Governor David Dodge says interest rates are bound to stay higher for longer, despite market bets that the central...

Source: Financialpost April 13, 2023

China to start building lunar base out of moon soil in five years, SCMP reports

The moon is believed to contain a source of waste-free nuclear energy that could meet global energy demands for 250 years China plans to start building a lunar base in about five years, kicking off with bricks made of moon soil, according to sc...

Economy Source: Financialpost April 13, 2023

Bank of Canada holds interest rate, but get ready for higher for longer

Kevin Carmichael: The good news, no recession; the bad news, inflation is proving tough to beat Get the latest from Kevin Carmichael straight to your inbox Sign Up The Bank of Canada left its benchmark interest rate unchanged at 4.5 p...

Source: BNN Bloomberg April 12, 2023

U.S. tech stocks slump extends ahead of inflation data

U.S. stocks were subdued, trading in a narrow range as investors braced for inflation data that could signal if the Federal Reserve will once again lift interest-rates. The tech-heavy Nasdaq 100 slumped 0.7 per cent, sliding for the fifth session of the pa...

Source: BNN Bloomberg April 12, 2023

Insurance stocks set to outperform in 2023: Hot Picks

Insurance stocks have outperformed the broader financial sector over the past two years, and one financial expert says she expects the sector to remain strong throughout 2023. Speaking with BNN Bloomberg's Amber Kanwar on Tuesday, Cathy Seifert, director o...