Daily News

Source: Bankofcanada May 12, 2023

Rhys Mendes appointed as Deputy Governor of the Bank of Canada

The Board of Directors of the Bank of Canada today announced the appointment of Rhys R. Mendes as Deputy Governor, effective July 17, 2023. As Deputy Governor, Mr....

Source: Financialpost May 12, 2023

The high cost of playing it safe when retired with teenage kids

Couple needs to cut back on insurance and switch out of segregated funds Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page....

Source: Financialpost May 12, 2023

How changes to Canada Pension Plan benefits affect your wallet today and retirement tomorrow

Jamie Golombek: CPP contributions will continue to climb over the next couple of years to support program enhancements Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission f...

Source: BNN Bloomberg May 11, 2023

U.S. Treasuries advance after CPI; stocks edge higher

U.S. stocks posted modest gains in a listless session, while Treasuries rose after a report showed inflation moderated slightly in April and swaps traders upped bets the Federal Reserve will cut rates this year. The S&P 500 wavered between gains and losses...

Source: BNN Bloomberg May 11, 2023

TSX recap: Energy, metals drive loss

Canada's main stock index moved lower Wednesday, weighed down by losses in energy and metals, while U.S. markets were mixed. The S&P/TSX Composite Index was down 86.42 points, or 0.42 per cent, at 20,499.31. In New York, the Dow Jones Industrial Average...

Technology Source: BNN Bloomberg May 11, 2023

Future is bright for Canadian tech startups: Venture capitalist

A Canadian venture capitalist said she sees a bright future for Canadian technology companies, with a more sophisticated funding ecosystem backing them and strong global demand for innovation. Sophie Forest, managing partner at Brightspark Ventures, spoke...

Source: BNN Bloomberg May 11, 2023

​Looking to invest in the electric vehicle sector? Here are three stocks to consider

If you're looking to invest in the expanding electric vehicle market, this portfolio manager says investors should stick to the established manufacturers as opposed to start-up EV companies.    Speaking with BNN Bloomberg’s Amber Kanwar on Wednesday, Will Mc...

Market Call Source: BNN Bloomberg May 11, 2023

Javed Mirza's Top Picks: May 10, 2023

Javed Mirza, analyst, Canaccord Genuity FOCUS: Technical analysis MARKET OUTLOOK: Equity markets appear poised for retest of the August highs and a shift into the “boring middle.” Our work shows that a new short-term (two to four week) equity mark...

Source: Financialpost May 11, 2023

Concern about TD's anti-money laundering controls? What we know about the new twist in the failed First Horizon deal

Reports suggest regulators' concern over TD anti-money laundering controls helped scuttle the deal Get the latest from Barbara Shecter straight to your inbox Sign Up The Wall Street Journal and Bloomberg News reported May 9 the U.S. r...

Source: Financialpost May 11, 2023

Trudeau’s oil and gas policies too harsh for Rachel Notley

Centre-left contender looking to reclaim power as premier of Alberta in upcoming election The woman who’s looking to reclaim power in Canada’s energy heartland is pushing back against Prime Minister Justin Trudeau’s targets for cleaning up the...