Daily News

Source: BNN Bloomberg March 03, 2023

S&P 500 climbs most in more than two weeks

U.S. stocks snapped two days of losses after Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank could be in a position to pause rate hikes sometime this summer. Treasury yields stayed elevated.  Traders ditched their low-convict...

Source: BNN Bloomberg March 03, 2023

Markets broadly 'misinterpreted' Baytex's Ranger Oil acquisition: Eric Nuttall

Following a recent announcement that Baytex Energy Corp. signed an agreement to acquire Ranger Oil Corp., one prominent energy investor said he thinks there is widespread confusion among market participants regarding the deal. Baytex announced that it sign...

Source: BNN Bloomberg March 03, 2023

TSX recap: TSX closes higher despite losses in financial stocks

Canada's main stock index got a lift from rising U.S. markets Thursday, closing higher in spite of weakness in the financials sector. The S&P/TSX Composite Index was up 77.43 points, or 0.38 per cent, at 20,337.21. In New York, the Dow Jones Industrial...

Source: BNN Bloomberg March 03, 2023

Dividend stocks to weather market downside from Iman Brivanlou

Investors looking for a good risk-reward asset during a tumultuous economic time could look to dividend stocks, one financial expert said. Speaking with BNN Bloomberg's Amber Kanwar on Thursday, Iman Brivanlou, managing director of income equities at TCW I...

Market Call Source: BNN Bloomberg March 03, 2023

Paul Harris' Top Picks: March 2, 2023

Paul Harris, partner and portfolio manager, Harris Douglas Asset Management FOCUS: North American and global large-cap  MARKET OUTLOOK: The U.S. Federal Reserve and other central banks reiterated that the priority remained the fight against inflati...

Source: Financialpost March 03, 2023

David Rosenberg: Fed should have followed Bank of Canada's lead — but here's what investors can do

Jerome Powell isn't stopping until the S&P 500 is at 3,100 I must admit that I’ve rarely, if ever, been as perplexed as I am today over the United States Federal Reserve and its preoccupation with contemporaneous and lagging economic indicators...

Source: Financialpost March 03, 2023

'Inappropriate': Indigo refuses to pay ransom in cyberattack

Criminals may make stolen data available on dark web as early as Thursday Indigo Books & Music Inc. says it would be “inappropriate” to pay ransom to unlock the recent cyberattack on its network and that there is currently no indication of any...

Source: Financialpost March 03, 2023

China has lost 41 million workers — almost the size of Germany’s workforce — in 3 years

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC The population re...

Source: Financialpost March 03, 2023

Nordstrom closing all Canadian stores, 2,500 jobs cut

The company is winding down its Canadian operations Nordstrom Inc. is closing all of its Canadian stores and cutting 2,500 jobs as it winds down operations in the country. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to r...

Source: Financialpost March 03, 2023

The CRA generally lets you claim family medical expenses — not this time

Jamie Golombek: Tax law quirk means a spouse isn't explicitly allowed to claim medical expenses paid by other spouse Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission fro...