Daily News

Source: BNN Bloomberg March 18, 2023

Markets slump Friday as investors grapple with banking fallout and rate uncertainty

Financial markets have flip-flopped all week as a global crisis in confidence over the banking sector has led to a dramatic shift in expectations for central banks' fight against inflation, and has made a recession more likely. The S&P/TSX Composite was do...

Source: BNN Bloomberg March 18, 2023

TSX recap: Index finishes 0.77% lower amid losses in industrials stocks

Canada's main stock index closed down over 150 points Friday, with U.S. indexes also posting losses, as the globe continued to grapple with a crisis of confidence in the financial system triggered by two U.S. bank failures.  The S&P/TSX Composite Index was...

Market Call Source: BNN Bloomberg March 18, 2023

John O'Connell's Top Picks: March 17, 2023

John O'Connell, chief executive officer, Davis Rea Ltd. FOCUS: North American large-cap stocks  MARKET OUTLOOK:  For the past 24 months, the S&P 500 has made little progress and fallen 20 per cent from its peak. Investors have incessantly debated i...

Source: Financialpost March 18, 2023

Howard Levitt: Ontario's latest labour law update gives remote and hybrid workers their due

Remote and hybrid workers will have the same enhanced notice or severance entitlements as office workers during mass layoffs By Howard Levitt and Kathryn Marshall THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the l...

Source: Financialpost March 18, 2023

Unrest at McDonald's as franchisees decry fast-food chain's 'destructive path'

Some franchisees are expressing discontent amid higher costs and operating rule changes McDonald’s Corp. is facing rising unrest among certain United States franchisees — a potential stumbling block as the burger chain plots aggressive expansio...

Source: Financialpost March 18, 2023

Posthaste: More than half of Canadians think their retirement plans are in trouble

There's also a stark contrast between how men and women feel about retirement Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this...

Source: Financialpost March 18, 2023

This retired Ontario man has been living on cash savings — but that's a mistake, experts say

While living off cash sounds logical, the reality is you end up with less money in the long run than from equity investing Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commissi...

Source: BNN Bloomberg March 17, 2023

First Republic set to get US$30B of deposits in rescue

The nation’s biggest banks are close to agreeing upon a plan to deposit as much as US$30 billion with First Republic Bank in an effort supported by the U.S. government to stabilize the battered California lender, according to people with knowledge of the matte...

Source: BNN Bloomberg March 17, 2023

U.S. stocks rally after bank rescued; yields jump

U.S. stocks ended the day higher after a First Republic Bank rescue package was secured, sparking a rebound in shares of embattled regional lenders. Treasuries fell after the European Central Bank delivered a rate hike that added to bets the U.S. central bank...

Source: BNN Bloomberg March 17, 2023

Here are a wealth advisor's top EV plays: Hot picks from Eddy Gifford

As companies and politicians around the globe ramp up plans to try to lead green transitions, one wealth advisor is flagging different companies that can help investors take advantage of this trend. In an interview with BNN Bloomberg on Thursday, Eddy Giff...