Daily News

Source: Financialpost May 30, 2023

Posthaste: These Canadian regions are headed for 'city-cessions' — a sign Canada may not be far behind

Consumer spending is now falling in 13 of 21 cities, with tech centre Kitchener-Waterloo especially struggling We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos fro...

Economy Source: Financialpost May 29, 2023

Theo Argitis and Robert Asselin: Trudeau can't keep juicing the economy with more spending

World entering period of scarcity, meaning Canada won't be able to spend its way to prosperity The unexpected pick up in Canadian inflation last month — even if it turns out to be a blip — is a fresh reminder that Prime Minister Justin Trudeau’...

Source: Financialpost May 28, 2023

Holding cash can seem like a good idea, but it can be riskier than buying stocks

Storing away cash for long periods is similar to voluntarily agreeing to lower your salary each year Many investors focus on market risk, particularly that the overall market will decline, leading to a loss of capital. Market risk is certainly...

Source: Financialpost May 28, 2023

Posthaste: Why Wall Street just hiked its Canadian oilsands outlook for the first time in five years

Record-breaking production predicted for the rest of this decade We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Why Wall Street ju...

Source: Financialpost May 28, 2023

Quebec opens door to 20% bump in immigrants, with one major catch

Majority of new arrivals must be French speakers Quebec is considering a policy change to welcome more immigrants, with one condition: it only wants French speakers. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read th...

Source: Financialpost May 28, 2023

SVB’s biggest debtor in Canada is Michele Romanow’s tech finance firm Clearco

Bankruptcy liquidator set to receive offers for loan book on May 29 The bankruptcy liquidator in charge of Silicon Valley Bank’s Canadian unit is set to receive offers for its loan book on May 29, and the biggest asset is a loan to e-commerce l...

Source: Financialpost May 28, 2023

Bank of Canada July rate hike would be a mistake: CIBC's Benjamin Tal

Watch CIBC's deputy chief on the real risk of another rate hike The economy and inflation are still too strong for the Bank of Canada’s liking, and there’s a real risk that it could hike rates again in July, says CIBC Deputy chief economist Benj...

Source: BNN Bloomberg May 27, 2023

Tech extends rally as traders await U.S. debt deal

The frenzy surrounding artificial intelligence led another day of gains in the stock market on Friday as traders were also growing more confident a deal on the U.S. debt limit would be reached. The S&P 500 rose 1.3 per cent and the tech-heavy Nasdaq 100 ad...

Source: BNN Bloomberg May 27, 2023

​Entertainment stocks to consider amid a looming recession from Barton Crockett

People are changing the way they consume entertainment and investors looking to capitalize on this trend must be cautious in choosing companies that are well positioned for the change — especially amid a recession, one expert says.    Speaking with BNN Bloom...

Market Call Source: BNN Bloomberg May 27, 2023

Jason Del Vicario's Top Picks: May 26, 2023

Jason Del Vicario, portfolio manager, Hillside Wealth Management, iA Private Wealth FOCUS: North American and global growth stocks  MARKET OUTLOOK: Our thoughts never waver regardless of the macro backdrop; if anything, we favour challenging econom...