Daily News

Source: Financialpost October 15, 2023

Senator's bill pushes for changes in Bank of Canada Act

Watch: Diane Bellemare discusses why the Bank of Canada Act needs an update Diane Bellemare, independent senator and economist, talks with Financial Post’s Larysa Harapyn about how she has introduced a bill to push for changes in the Bank of Ca...

Source: BNN Bloomberg October 14, 2023

Small-cap companies not ready for climate disclosure rules: TMX Group CEO

Most of Canada's small and mid-sized publicly traded companies are not at all prepared for potentially forthcoming new requirements that could force them to disclose their climate impacts, the CEO of the company that operates the Toronto Stock Exchange said T...

Source: BNN Bloomberg October 14, 2023

Wall Street seeks safety amid geopolitical angst

Stocks fell and bonds rose as signs Israel is preparing for a ground invasion of Gaza left traders looking for safety ahead of the weekend. Gold surged the most since March. Oil rallied. Big tech sold off, with the Nasdaq 100 down over 1 per cent. Boeing C...

Source: BNN Bloomberg October 14, 2023

Analyst picks restaurant stocks positioned to weather economic storm

Renewed concerns about economic uncertainty could weigh on consumer spending and spill into the restaurant business, but an analyst covering the sector says the worries may be overblown.     Peter Saleh, managing director and restaurants analyst at BTIG, tol...

Market Call Source: BNN Bloomberg October 14, 2023

James Telfser's Top Picks: October 13, 2023

James Telfser, managing partner and portfolio manager, Aventine Investment Counsel FOCUS: North American stocks  MARKET OUTLOOK: Investment performance in the third quarter of 2023 was characterized by ever-increasing government bond yields. This,...

Source: BNN Bloomberg October 14, 2023

TSX recap: Index posts 0.19% loss on tech, utilities weaknesses

Canada's main stock index stepped lower Friday as broad-based weakness led by technology, battery metals and utilities outweighed energy gains, and U.S. markets were mixed amid losses in technology.  The S&P/TSX Composite Index closed down 37.38 points, or...

Source: BNN Bloomberg October 14, 2023

The Week Ahead: Business Outlook Survey; CPI data due

Monday, Oct. 16 Notable data: Manufacturing Sales & Orders (August), Wholesale Trade (August), Empire State Manufacturing Survey (October) Notable earnings: Charles Schwab Corp. 10:30 a.m.: Bank of Canada Business Outlook Survey and Survey of Consum...

Source: Financialpost October 14, 2023

Oilsands can decarbonize on 'fraction' of funding battery makers are getting, says Cenovus chair

Ottawa needs to support oil industry if cutting carbon is the goal, says Alex Pourbaix Get the latest from Naimul Karim straight to your inbox Sign Up The chair of one of Canada’s largest companies in the oil patch says the sector can...

Source: Financialpost October 14, 2023

Bank of Canada won't rule out higher rates amid rising geopolitical risks

Higher for longer rates not expected to cause a recession Get the latest from Barbara Shecter straight to your inbox Sign Up Bank of Canada Governor Tiff Macklem says higher interest rates are working to bring down inflation, but with...

Source: Financialpost October 14, 2023

Posthaste: The engine of Canada's economy is losing power

Small businesses employ more than 60% of the country's workforce, but the ranks of entrepreneurs are shrinking We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos fro...