Daily News

Source: Financialpost February 08, 2023

Diane Francis: Can Canada's welfare state survive Trudeau's immigration targets?

Ottawa has done a poor job finding newcomers who have the skills demanded by employers Seven years of foolish Liberal immigration policy is cratering housing, health care and the middle class in the country’s two largest cities, Toronto and Van...

Source: Financialpost February 08, 2023

Canadians now expect to need $1.7 million to retire, up 20% from 2020, BMO survey finds

Only 44% of Canadians are confident they will have enough Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Canadians b...

Source: BNN Bloomberg February 07, 2023

U.S. stock euphoria deflated with Powell as 'wild card'

Stocks gave back some of this year’s gains, with traders waiting to see if Jerome Powell will dampen the bullish reaction to his recent remarks amid bets the Federal Reserve will keep its firm grip on policy. As equities came off overbought levels, Treasur...

Source: BNN Bloomberg February 07, 2023

Canadian dollar's outlook for 2023 uncertain as interest rate hikes wane: experts

The outlook for the loonie in 2023 largely depends on commodity prices, how the U.S. dollar fares, and whether central banks are successful in avoiding a major recession, experts said. The Canadian dollar recently rose to its highest level in more than two...

Source: BNN Bloomberg February 07, 2023

TSX recap: Index finishes 0.62% lower amid broad-based losses

Canada's main stock index lost more than 100 points Monday on broad-based weakness while U.S. markets were also down, with the Nasdaq slipping one per cent. The S&P/TSX Composite Index was down 129.42 points, or 0.62 per cent, at 20,628.92. In New York,...

Market Call Source: BNN Bloomberg February 07, 2023

Barry Schwartz's Top Picks: February 6, 2023

Barry Schwartz, chief investment officer and portfolio manager, Baskin Wealth Management FOCUS: North American large-cap stocks MARKET OUTLOOK: Most people are certain that the outlook will worsen from here and those fears are probably well founded...

Source: BNN Bloomberg February 07, 2023

Opportunities in semiconductors stocks: Three hot picks from Harsh Kumar

The semiconductor sector has been on the rise in recent months and one analyst believes it will only get better going forward. Speaking with BNN Bloomberg's Amber Kanwar on Monday, Harsh Kumar, managing director and senior research analyst at Piper Sandler...

Source: BNN Bloomberg February 07, 2023

Bed Bath & Beyond shares post record gain in heavy trading

Bed Bath & Beyond Inc. climbed 92 per cent on Monday to rack up a record one-day advance as trading volume for the beleaguered home-goods retailer surged.  About 240 million shares changed hands, which is more than three times the average over the past mon...

Source: Bankofcanada February 07, 2023

Higher interest rates are working

Governor Tiff Macklem explains how the Bank of Canada’s increases to the policy interest rate will cool the economy and bring inflation down. Watch Go...

Source: Financialpost February 07, 2023

Bed Bath & Beyond has nothing but itself to blame for impending bankruptcy

Its undoing is a story of how deciding to rip it up and start again can leave a company in tatters Bed Bath & Beyond Inc., facing a crisis in late summer as sales plunged and suppliers revolted, insisted its white-collar workers return to the o...