Daily News

Source: BNN Bloomberg January 07, 2023

U.S. stocks rally with Treasuries as wage growth slows

U.S. stocks are heading for a weekly gain as traders expect a slowdown in wage growth to aid the Federal Reserve in its battle against inflation. Treasuries rallied.  The S&P 500 rose more than 2 per cent, climbing the most in more than three weeks. The Na...

Personal Finance Source: BNN Bloomberg January 07, 2023

It's time for retirement investors to act their age: Dale Jackson

We’re all another year older at the start of 2023, but many of us still invest like it’s 1999. Regardless of market conditions, our retirement portfolios need to mature with us - from carefree 20-somethings to slow-driving seniors.  Exactly when or wher...

Market Call Source: BNN Bloomberg January 07, 2023

David Fingold's Top Picks: January 6, 2023

David Fingold, vice president and senior portfolio manager, Dynamic Funds FOCUS: U.S. and global stocks   MARKET OUTLOOK: Given the recent volatility in equity and fixed-income markets, we recommend investors approach markets with a focus on qualit...

Company News Source: BNN Bloomberg January 07, 2023

Shopify is among the 'most misunderstood' stocks: Investor

Equity markets are broadly failing to understand Shopify Inc.’s potential for growth, according to one investment professional.  Sign up to get breaking news email alerts sent directly to your inbox “We believe Shopify is one of the most misunderst...

Source: BNN Bloomberg January 07, 2023

Costco jumps most since March 2020 on holiday sales strength

Costco Wholesale Corp. surged the most since March 2020 after improving December sales soothed investor concerns about a slowdown in November.  Excluding the impact of changes in gasoline prices, Costco’s US comparable sales climbed 6.4 per cent last month...

Source: BNN Bloomberg January 07, 2023

The Week Ahead: Earnings from Aritzia, RBC’s Canadian Bank CEO Conference

  Monday, January 9 Notable data: Building Permits Notable earnings: Tilray Brands, WD-40 Co. RBC’s Canadian Bank CEO Conference North American Leaders’ Summit in Mexico City, Mexico Tuesday, January 10 Notable data: U.S. NFIB Small...

Source: Financialpost January 07, 2023

Bruce Pardy: Sovereignty bills signal discontent in Trudeau's woke Canada

Alberta and Saskatchewan, with their oil, guns, populism, and a culture of self-reliance, are Ottawa’s adversaries all rolled into one The new year begins with Alberta and Saskatchewan on the warpath, thank goodness. In December, the Alberta So...

Source: Financialpost January 07, 2023

Howard Levitt: What's happening to Jordan Peterson could happen to anyone now

His is an important fight. His failure would leave many vulnerable to attacks on their employment Given how hard Jordan Peterson has worked (and continues to work), it is difficult to attribute his phenomenal successes to simple good fortune. B...

Economy Source: Financialpost January 07, 2023

Interest rates headed higher after Canada's job gains blow past expectations

Kevin Carmichael: Employers added more than 100,000 positions in December, a number likely too robust for the Bank of Canada It looks like interest rates will be going higher when the Bank of Canada next meets to set policy at the end of Januar...

Economy Source: Financialpost January 07, 2023

'The Bank of Canada isn't done yet': Blockbuster jobs report means more rate hikes in store, economists say

Here's what economists have to say about the latest jobs report and what it means for interest rates December’s blockbuster jobs report points to continued strength in the labour market, and indicates the Bank of Canada will likely hike interes...