Daily News

Economy Source: Financialpost December 02, 2023

Canada's job gains top forecasts — but it's not as rosy as it seems

Rising unemployment rate and a drop in hours worked signal mounting economic weaknessCanada’s labour market beat expectations with jobs gains, but a rising unemployment rate and a drop in hours worked signal mounting economic weakness toward the end of this...

Source: BNN Bloomberg December 01, 2023

Markets today: S&P 500 has one of best November gains in century

Stocks saw a late-day rebound — notching one of their biggest November gains on record — in a surge fueled by speculation the Federal Reserve will end its interest-rate hikes and cut rates next year. This month’s US$3 trillion surge in the S&P 500 put the...

Market Call Source: BNN Bloomberg December 01, 2023

Andrew Moffs' Top Picks: November 30, 2023

Andrew Moffs, senior vice president and portfolio manager, Vision Capital FOCUS: Real estate stocks   MARKET OUTLOOK: As the fourth quarter progresses, the Canadian economy has continued to show unexpected resilience. Yet, as the focus starts to tu...

Source: BNN Bloomberg December 01, 2023

TSX recap: Index finishes slightly higher amid gains in financial stocks

Canada's main stock index gained more than 100 points Thursday, led by strength in financial, industrial and telecom stocks, while U.S. markets were mixed, led by a gain of almost 1.5 per cent on the Dow Jones. The S&P/TSX Composite Index closed up 120.09...

Source: Financialpost December 01, 2023

Foreign pension counts towards your income, but taxpayer finds out there's another catch

Jamie Golombek: Here's what happened in a recent case where a taxpayer was forced to repay some of his GISReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through...

Source: Financialpost December 01, 2023

Posthaste: Why the Bank of Canada could cut interest rates much more than markets expect

This economist see 200 bps of cuts in 2024 We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Why the Bank of Canada could cut interest rates much more than markets...

Source: Financialpost December 01, 2023

TD cuts thousands of jobs, takes restructuring charge as earnings miss

TD cutting 3,000 jobs, sets aside more money than forecast for potentially souring loansToronto-Dominion Bank missed analysts’ earnings estimates after setting aside more money than forecast for potentially souring loans and announcing a restructuring charge...

Economy Source: Financialpost December 01, 2023

Canada dodges technical recession but 'struggles to grow'

GDP shrinks in third quarter as exports, household spending and business investment decline Get the latest from Naimul Karim straight to your inbox Sign Up The Canadian economy declined in the third quarter due to a decrease in exports, flat household...

Company News Source: BNN Bloomberg November 30, 2023

Enbridge raising quarterly dividend next year as it expects business to grow

Enbridge Inc. is raising its dividend as it expects its business to continue to grow next year. The company also reaffirmed its full year guidance for 2023 for earnings before interest, income taxes and depreciation and distributable cash flow. Enbridge...

Market Call Source: BNN Bloomberg November 30, 2023

Kim Bolton's Top Picks: November 29, 2023

Kim Bolton, president and portfolio manager of Black Swan Dexteritas FOCUS: Technology stocks  MARKET OUTLOOK: In October, global financial markets declined as volatility surged on a spike in both geopolitical and interest rate risk, with equities...