Daily News

Source: Financialpost August 31, 2023

Joe Oliver: Shh! Was that the Liberal leadership race getting underway?

Anita Anand and Chrystia Freeland may have been launching their campaigns for their party's leadership Anita Anand and Chrystia Freeland recently drew public attention to their contrasting personas and political positioning. Anand, now Presiden...

Source: Financialpost August 31, 2023

When should I start CPP and what's the best way to draw down my retirement investments?

Couple already in retirement seeks advice on a new strategy Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. By Mary T...

Source: Financialpost August 31, 2023

Competition Bureau ordered to pay millions to Rogers, Shaw

Judge cites commissioner's 'unreasonable' conduct in attempt to block merger A court has ordered Canada’s competition commissioner to pay telcos Rogers Communications Inc. and Shaw Communications Inc. millions in costs following weeks-long cour...

Source: BNN Bloomberg August 30, 2023

Bank earnings: Money manager picks top bank for the quarter

With Canada’s big six banks in the midst of reporting their latest quarterly results, one money manager suggests the top bank has already reported. Scotiabank and the Bank of Montreal are set to report earnings for the third quarter on Tuesday. National Ba...

Source: BNN Bloomberg August 30, 2023

U.S. stocks up most since June as Fed bets sink yields

Stocks climbed the most since June, while bond yields retreated after economic reports bolstered speculation the Federal Reserve is getting closer to wrapping up its aggressive tightening campaign. Nearly 90 per cent of the S&P 500 companies rose as the ga...

Source: BNN Bloomberg August 30, 2023

TSX recap: Index climbs 1.32% on broad-based gains

Gains in energy, technology and base metals helped lead a broad-based rally on Canada's main stock index Tuesday, which rose 1.32 per cent, while U.S. markets also posted gains.  The S&P/TSX Composite Index closed up 265.27 points at 20,290.41. In New Y...

Source: BNN Bloomberg August 30, 2023

Software stocks to benefit from AI: Expert

Optimism around artificial intelligence has pushed stocks such as NVIDIA Corp. to record highs, and one investment professional says this is just the beginning of the AI boom. Stefan Slowinski, global head of software research at BNP Paribas Exane, said se...

Source: BNN Bloomberg August 30, 2023

What are experts saying about earnings from BMO and Scotiabank?

The Bank of Montreal and the Bank of Nova Scotia have put aside more money in case their customers have trouble paying back their back loans in the months ahead. Both banks revealed a rise in loan loss provisions in third-quarter earnings released on Tuesd...

Market Call Source: BNN Bloomberg August 30, 2023

Brian Madden's Top Picks: August 29, 2023

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK:  Stock markets took a breather in August after a scorching hot run, particularly for U.S. stocks, throughout the first seven mon...

Source: Financialpost August 30, 2023

Suncor pledge to refocus on oil production further proves need for emissions cap: Guilbeault

Environment minister reacts to comments made by Rich Kruger OTTAWA — Recent statements by the chief executive officer of a major oilsands company further the case for federal regulations to cap greenhouse-gas emissions in the oil and gas sector...