Daily News

Source: BNN Bloomberg April 04, 2023

Bonds rise as factory data temper inflation angst

Treasuries rose as a gauge of U.S. factory activity contracted by more than expected, tempering inflation concerns fueled by OPEC+’s surprise plan to cut oil production. Policy-sensitive two-year yields reversed course after earlier climbing as much as 11...

Source: BNN Bloomberg April 04, 2023

TSX recap: Index finishes 0.89% higher amid gains in energy stocks

Canada's main stock index climbed nearly 180 points on Monday, buoyed by strength in energy stocks after Saudi Arabia and other major oil producers announced surprise oil production cuts on the weekend, while U.S. markets were mixed. The S&P/TSX Composite...

Market Call Source: BNN Bloomberg April 04, 2023

Mike Philbrick's Top Picks: April 3, 2023

Mike Philbrick, chief executive officer, ReSolve Asset Management FOCUS: Exchange-Traded Funds  MARKET OUTLOOK: The stock market continues to rally despite the ongoing banking turmoil and the potential for an economic recession. This seems to be du...

Source: Bankofcanada April 04, 2023

Deputy Governor Paul Beaudry to leave the Bank of Canada

The Bank of Canada announced today that Deputy Governor Paul Beaudry will leave the Bank at the end of July 2023. Mr. Beaudry will return to his academic position at...

Source: Bankofcanada April 04, 2023

Canadian Survey of Consumer Expectations—First Quarter of 2023

Results of the first-quarter survey | Vol. 4.1 | April 3, 2023 This survey took place between January 27 and February 16, 2023. Follow-up interviews to...

Source: Bankofcanada April 04, 2023

Business Outlook Survey—First Quarter of 2023

Results of the first-quarter 2023 survey | Vol. 20.1 | April 3, 2023 Results from the first-quarter 2023 Business Outlook Survey and the Business Leade...

Source: Financialpost April 04, 2023

Teck Resources rejects 'opportunistic' takeover bid from mining giant Glencore

The surprise $23.2 billion offer comes as Canadian miner ramps up copper production Get the latest from Naimul Karim straight to your inbox Sign Up Canada’s Teck Resources Ltd. said its board unanimously rejected a bid to purchase the...

Source: Financialpost April 04, 2023

A Canadian godfather of AI calls for a 'pause' on the technology he helped create

Powerful AI tools can have negative uses, and the world isn't ready, Yoshua Bengio warns Yoshua Bengio, the Canadian professor who is considered one of the godfathers of artificial intelligence, said the technology he helped create should be pa...

Source: Financialpost April 04, 2023

Posthaste: The 'central bankers of oil' just dropped a bombshell that could change everything

Higher for longer interest rates could be the fallout Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page....

Source: Financialpost April 03, 2023

Long-term care insurance would create huge fiscal burden for adult children of aging boomers

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Commentary: Even...