Daily News

Mike Philbrick, chief executive officer, Resolve Asset Management FOCUS: Exchange-traded funds MARKET OUTLOOK: Inflation Shock to Growth Shock Continues Recessionary concerns intensified in the wake of weak second-quarter GDP figures for the U.S...

Michael Burry’s Scion Asset Management jettisoned 11 US equities in the second quarter and ended the period with just one.  The hedge fund exited positions including Alphabet Inc. and Facebook parent Meta Platforms Inc., while adding private-prison operato...

Top Wall Street strategists are divided on whether the US stock market is poised to extend its longest winning streak of the year -- or slip back after another false dawn.  Morgan Stanley strategists said in a note Monday that the sharp rally since June is...

Ontario Teachers' Pension Plan Board says it earned a total-fund net return of 1.2 per cent for the first half of this year. Ontario Teachers' chief executive Jo Taylor says the result for the six-month period came during a tumultuous time for global marke...

Berkshire Hathaway Inc. eliminated a stake in Verizon Communications Inc. in the second quarter as the conglomerate run by billionaire Warren Buffett kept its equity portfolio mostly unchanged and dialed back on stock-buying overall. The company increased...

Statistics Canada’s consumer price index — the measure that the Bank of Canada uses to guide monetary policy; that employers and workers use to negotiate wages and salaries; and that public servants use to adjust government programs — increased 7.6 pe...

Annually adjusted starts increased 1.1% from June, but urban starts declined OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in July edged higher compared with June despite a slowdown in urban starts....

Statistics Canada’s consumer price index — the measure that the Bank of Canada uses to guide monetary policy; that employers and workers use to negotiate wages and salaries; and that public servants use to adjust government programs — increased 7.6 pe...

July numbers 'a bit of a relief,' says governor, but still a long way from where we need to be Bank of Canada governor Tiff Macklem called evidence that inflation decelerated in July a “relief,” but stopped well short of declaring victory in his ye...

Rising interest rates might be bad news for Canadians with mortgages, but it also means higher rates on savings vehicles such as guaranteed investment certificates (GICs), prompting renewed interest in the investments. Mahima Poddar, senior vice-president...