Daily News

Source: BNN Bloomberg February 16, 2023

TSX today: Index down amid losses in energy, base metals

Losses in the energy and base metal sectors helped lead Canada's main stock index lower, while U.S. stock markets also fell in late-morning trading. The S&P/TSX Composite Index was down 40.94 points, or 0.2 per cent, at 20,663.85. In New York, the Dow J...

Source: BNN Bloomberg February 16, 2023

Novogratz sees chance of Bitcoin hitting US$30,000 this quarter

Crypto advocate Mike Novogratz said there’s a good chance of Bitcoin returning to US$30,000 by the end of next month — a far cry from the US$500,000 he once predicted for the digital currency, but still almost 25 per cent above its current price. “When I l...

Source: Bankofcanada February 16, 2023

Opening Statement before the House of Commons Standing Committee on Finance

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

Source: Bankofcanada February 16, 2023

Our commitment to 2% inflation

Deputy Governor Paul Beaudry explains why the 2% target remains the centrepiece of the Bank of Canada’s inflation-targeting framework. Watch Deputy Gov...

Source: Financialpost February 16, 2023

Energy outlook in Canada darkens as natural gas prices collapse

Optimism oil producers traded in Toronto can catch up with U.S. peers From Wall Street to Bay Street, analysts are slashing the outlooks for companies in one corner of the global oil patch that was expected to resist a sharp, double-digit earni...

Source: Financialpost February 16, 2023

Canada's Outstanding CEO of the Year: Royal Bank of Canada’s Dave McKay

RBC lifer dedicated to advancing Canadian interests, passionate about innovation and a champion for key issues such as climate change Bank executives aren’t always what they appear to be. The chief executive title conjures up an image of a stuf...

Source: Financialpost February 16, 2023

Terence Corcoran: The left finally wakes to authoritarian nature of COVID lockdowns

Progressive scholars call for the academic left to probe excesses of pandemic response As the third anniversary of Canada’s March 25, 2020, COVID-19 emergency lockdowns and health policies approaches, a growing community of critics is taking sh...

Source: Financialpost February 16, 2023

CIBC's Dodig warns Canada risks 'largest social crisis' if housing supply, immigration don't match

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 Big bank CEO usin...

Source: BNN Bloomberg February 15, 2023

Treasury yields climb on bets for June U.S. Fed hike

The S&P 500 Index closed nearly flat and the two-year Treasury yield added more than 10 basis points after data showed that inflation remained high. Two Federal Reserve officials then warned that the remedy might require higher interest rates for a long perio...

Source: BNN Bloomberg February 15, 2023

​Stocks in homebuilding: Two hot picks from Tyler Batory

One financial expert is forecasting increased activity within the U.S. housing market as he expects home prices to drop.    Speaking with BNN Bloomberg's Amber Kanwar on Tuesday, Tyler Batory, executive director at Oppenheimer & Co, said his expectation is t...