Daily News

Source: Financialpost February 25, 2023

Terence Corcoran: Ottawa needs to fix foreign homebuyer ban

Sources in the real estate legal community suggest Ottawa has seriously bungled its property ownership measures My last column, wittily headlined “Property rights? No way, man. This is Canada!”, reviewed attacks on the rights of property owners...

Source: Financialpost February 25, 2023

David Rosenberg: Time to call it the way I see it — the earnings recession is underway

Why am I the only one (almost) seeing the castles built on sand? I have published a daily piece since 1998, but I’m really a big picture guy when all is said and done. The investment community has turned into a bunch of trading junkies over the...

Source: BNN Bloomberg February 24, 2023

U.S. stocks snap back with nerves frayed ahead of PCE

Tech led stock gains in a jittery session before inflation data that will help shape the views on whether a soft landing is on the table amid the Federal Reserve’s most-aggressive tightening campaign in a generation. After erasing a rally of almost 1 per c...

Company News Source: BNN Bloomberg February 24, 2023

Headwinds weighed on Stelco's Q4 results, but have since reversed: CEO

Stelco Holdings Inc. reported its fourth-quarter earnings Wednesday with declines in revenue and profit, as its chief executive said the company faced multiple headwinds which are no longer in place.  According to a news release from Stelco Holdings Wednes...

Market Call Source: BNN Bloomberg February 24, 2023

John Zechner's Top Picks: February 23, 2023

John Zechner, chairman and founder, J. Zechner Associates FOCUS: North American large-cap stocks MARKET OUTLOOK: Interest rates remaining “higher for longer” as well as earnings are the biggest risks for stocks in 2023, much as rising interest rates...

Source: BNN Bloomberg February 24, 2023

​Picking the right tech stocks: Three hot picks from Mark Lehmann

The tech sector has been under pressure this year as the industry proceeds with deep job cuts as part of cost control. For one investment expert, this trend calls for selective stock picking within industry.    Speaking with BNN Bloomberg's Amber Kanwar on T...

Source: BNN Bloomberg February 24, 2023

GICs can be a good option for both older and younger investors: Expert

Amid market volatility, one financial expert said many investors are looking for low-risk opportunities in the form of guaranteed investment certificates (GICs).  Jason Heath, managing director at Objective Financial Partners, said in an interview with BNN...

Source: Bankofcanada February 24, 2023

Bank of Canada announces 2022–23 scholarship recipients

The Bank of Canada is pleased to announce this year’s recipients of its scholarship awards for students with disabilities, Indigenous students, LGBTQ2S+ students, fr...

Source: Financialpost February 24, 2023

Pension giant Caisse lost $24.6 billion last year investing in 'worst market in 50 years'

Posts negative return of 5.6 per cent Caisse de dépôt et placement du Québec posted a negative return of 5.6 per cent in 2022, in what the Quebec pension giant called “the worst market in 50 years.” REGISTER TO UNLOCK MORE ARTICLES Creat...

Source: Financialpost February 24, 2023

'Fast and furious' bank stocks may be running out of road, analysts warn

TD, CIBC stand the best chance of outperforming during earnings season Canada’s bank stocks might have gotten off to a flying start this year, but analysts suspect the tide may be turning against the Big Six as they prepare to report first quar...