Daily News

Source: BNN Bloomberg October 21, 2023

TSX recap: Index falls 1.21% on base metal, telecom losses

Canada's main stock index was down more than one per cent Friday with broad-based losses led by financial, telecom and base metal stocks, while U.S. markets also fell to close the week.  The S&P/TSX Composite Index closed down 233.17 points, or 1.21 per ce...

Source: Financialpost October 21, 2023

Top headlines: Pierre Poilievre urges Ottawa to block RBC, HSBC merger

The latest business news as it happensToday’s top headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: Pierre Poilievre urges Ottawa to block RBC, HSBC...

Source: Financialpost October 21, 2023

Posthaste: Record-high mortgage stress test puts homes out of reach for more Canadians

Many mortgage applicants are now being stress tested at 8.3% or higher We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Record-high mortgage stress test puts homes...

Source: Financialpost October 21, 2023

Canada' retail sales slump, cementing Bank of Canada rate pause

Canadians are rolling back their goods purchases as more households face mortgage payment renewalsCanadian consumers are tightening their purse strings, cementing a case for the Bank of Canada to hold interest rates steady next week. We apologize, but...

Source: Financialpost October 21, 2023

Pierre Poilievre says Canada should block RBC, HSBC merger

Conservative Party Leader says rejection necessary to protect competition in mortgage lendingThe leader of Canada’s main opposition political party says the government should block HSBC Holdings PLC’s sale of its local operations to Royal Bank of Canada....

Source: BNN Bloomberg October 20, 2023

Wall Street hit by volatility on geopolitical risk

Volatility gripped Wall Street as traders kept a close eye on any signs of a potential escalation of the Middle East conflict, while weighing Jerome Powell’s remarks for clues on the policy outlook. After multiple twists and turns, the S&P 500 notched its...

Market Call Source: BNN Bloomberg October 20, 2023

Paul Harris' Top Picks: October 19, 2023

Paul Harris, partner and portfolio manager, Harris Douglas Asset Management FOCUS: North American and global large caps MARKET OUTLOOK: The main issues facing the market are inflation and interest rates. The U.S. Federal Reserve and other central b...

Company News Source: BNN Bloomberg October 20, 2023

Canada Goose plunges to all-time low as jacket sales pressured

Canada Goose Holdings Inc. shares plummeted to a record low for the second day in a row as economic and consumer pressures prompted a pair of analyst downgrades. The parka retailer’s stock fell 4.4 per cent to close at US$12.16, recovering some of its loss...

Source: BNN Bloomberg October 20, 2023

Tesla is really trying to pivot from being only a car maker: analyst

Tesla disappointed investors in its latest earnings report by missing expectations on revenue and sales, but one analyst believes the car company has its eye on larger things.    Tom Narayan, global auto analyst at RBC Capital Markets, told BNN Bloomberg in...

Source: BNN Bloomberg October 20, 2023

TSX recap: Index falls 0.52% on losses in utilities, financials

Canada's main stock index lost 100 points Thursday, led lower by metals, utilities and financials, while U.S. markets also declined.  The S&P/TSX Composite Index closed down 101.89 points, or 0.52 per cent, at 19,348.81. In New York, the Dow Jones Indus...