Daily News

Source: Financialpost May 10, 2023

RBC, Scotiabank, TD downgraded by Barclays pulling TSX lower

Royal Bank hit by double downgrade Canada’s main stock index fell on May 9, weighed down by financial stocks after Barclays downgraded several banks, while investors remained cautious ahead of U.S. inflation data due on May 10. THIS CON...

Economy Source: Financialpost May 10, 2023

David Rosenberg: Woe Canada — latest job numbers are a mirage, not a miracle

The population surge is masking a whole lot of things going on in this country The currency traders bid up the Canadian dollar on May 5 in the wake of the apparent glow from the April jobs data, but it seems clear to me that they didn’t take th...

Source: BNN Bloomberg May 09, 2023

TSX recap: Index edges higher on tech and battery metals

Canada's main stock index edged higher Monday led by gains in technology and battery metals, while U.S. markets were mixed. The S&P/TSX Composite Index was up 43.12 points, or 0.21 per cent, at 20,585.15. In New York, the Dow Jones Industrial Average wa...

Source: BNN Bloomberg May 09, 2023

Short sellers are on U.S. regional bank stocks: Portfolio manager

The recent turmoil within the U.S. regional banking sector has lured short sellers to the sector and one financial expert believes these smaller banks are in trouble. "The reason that these companies are in trouble is because their lines of business are po...

Source: BNN Bloomberg May 09, 2023

U.S. stocks edge higher as recession odds chewed

U.S. equities eked out a small gain Monday while Treasuries fell as investors weighed what it would take to finally reverse the Federal Reserve’s path on rates after a survey of loan demand showed signs of credit tightening. The S&P 500 ended the day littl...

Market Call Source: BNN Bloomberg May 09, 2023

Rick Rule's Top Picks: May 8, 2023

Rick Rule, president and CEO, Rule Investment Media FOCUS: Natural resource stocks MARKET OUTLOOK: Lots and lots of opportunity, but maybe headed into a recession.  Higher interest rates are never good for the economy or markets.  Particularly out...

Source: Financialpost May 09, 2023

Pandemic-era graduates are struggling at work because they lack basic professional skills

Junior employees who spent part of their school years isolated from peers have found it harder to adapt to work environment Deloitte Touche Tohmatsu Ltd. and PricewaterhouseCoopers International Ltd. are giving extra coaching to their youngest...

Source: Financialpost May 09, 2023

Canadian bank earnings at risk from office real estate exposure, says Bay Street analyst

Commercial real estate loans represent the second-largest lending exposure of Canada’s six largest banks Get the latest from Barbara Shecter straight to your inbox Sign Up Canada’s banks may not be as exposed to commercial real estate...

Source: Financialpost May 09, 2023

Diane Francis: Canada must lead the way on expelling Russia from the UN

Countries must insist on changes as Russia continues its immoral war against Ukraine Canada has not punched above its weight on the world stage since the Liberals came to power in 2015, but could vindicate itself by leading a movement to immedi...

Source: Financialpost May 09, 2023

Posthaste: Looks like Canada's housing market has finally turned the corner

And that could stop the Bank of Canada from cutting rates this year We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Looks like Cana...