Daily News

Company News Source: BNN Bloomberg December 29, 2022

It's a make-or-break year for these battered companies

U.S. companies had a lot to overcome in the latter half of 2022 with rising interest rates, more budget-conscious consumers and a sagging stock market. That’s left some of them in very tough spots at the start of the new year. These five should be watched clo...

Source: BNN Bloomberg December 29, 2022

Here's what experts are expecting from the TSX in 2023

The anticipation of a slowdown in aggressive interest rate hikes, alongside a possible plateau in inflation, has some experts calling for an equity rebound in the TSX Composite Index by the second half of next year. “One of the most remarkable developments...

Source: BNN Bloomberg December 29, 2022

U.S. stocks sink on fresh COVID threat to world economy

U.S. stocks fell for a second day and Treasury yields rose, as hopes for a year-end rally faltered. The S&P 500 dropped to the lowest level since early November as sentiment worsened on concern that the end of China’s zero-COVID policy could lead to a rise...

Source: BNN Bloomberg December 29, 2022

TSX recap: Index finishes down 1.14% amid weakness in energy stocks

Canada's main stock index fell more than one per cent Wednesday, with broad-based losses led by the energy sector, while U.S. markets also fell by more than one per cent. The S&P/TSX composite index was down 222.55 points, or 1.14 per cent, to 19,284.10 on...

Source: Financialpost December 29, 2022

Americans' Wallets Set for Hit From Winter Home-Heating Bills

Wholesale power prices surged more than 6,000% in parts of the country during the worst of the recent brutal cold snap — a sign that Americans are likely to face significantly higher winter heating costs once the bills get mailed out. (Bloomber...

Source: Financialpost December 29, 2022

David Rosenberg: The great reopening of China may not be as great as you think

Pinning hopes on a resurgence in Chinese demand — to offset economic weakness elsewhere — is misplaced After a disastrous 2022, China should experience a pick-up in growth next year as COVID-19 controls are eased, but the related benefits may n...

Source: Financialpost December 29, 2022

'I refuse to apologize for our success': Behind Michael Medline's fierce defence of profitable grocers

Grocers aren't ripping you off, Medline says, as industry faces government probe into whether profits are driving inflation Michael Medline was adamant: The big grocers didn’t rip you off this year. We apologize, but th...

Source: Financialpost December 28, 2022

U.S. charges accused Mango crypto manipulator with fraud

NEW YORK — U.S. prosecutors have filed criminal charges of commodities fraud and manipulation against a man accused of trying to steal about $110 million in October by rigging the Mango Markets cryptocurrency exchange. We apol...

Source: Financialpost December 28, 2022

William Watson: Poilievre and Anglo-Saxon words

How refreshing it is for a politician to be interested in words and able to discuss rather than simply fling them One of the more bizarre news stories of 2022 concerned Conservative leadership candidate (as he then was) Pierre Poilievre’s prefe...

Source: Financialpost December 28, 2022

Why the head of Canada biggest union sees shorter labour contracts in the future

Mark Hancock predicts year of 'difficult' bargaining ahead as prices rise faster than wages The national head of Canada’s largest union thinks shorter collective agreements will be one of the tools organized labour turns to in the coming year t...