Daily News

Source: BNN Bloomberg December 23, 2022

Tech stocks head for worst December since 2002 as Fed optimism fades

Technology stocks are headed for their worst December since the bursting of the dotcom bubble two decades ago as optimism about potential relief from Federal Reserve interest-rate hikes faded on signs of labor-market strength. Sign up to get breaking ne...

Source: Financialpost December 23, 2022

How Ottawa's zero-emission vehicle mandate might affect auto prices

Some say prices will only go higher It’s no secret the price of cars has risen dramatically in the past two years, which might leave buyers wondering this holiday season if auto prices are about to come down, or if they’re only headed higher....

Source: Financialpost December 23, 2022

Matthew Lau: Parliament’s economic blockheads weigh in on food prices

Three cheers for the corporate and industry executives who defend their businesses and industry from senseless political attacks At the Standing Committee on Agriculture and Agri-Food’s meeting last week, MPs interrogated corporate and industry...

Source: Financialpost December 23, 2022

More condo investors are hitting the sell button

Watch: Steve Saretsky, a Vancouver realtor, talks about the outlook for the real estate market in 2023 Steve Saretsky, a Vancouver realtor, talks to the Financial Post’s Larysa Harapyn about the outlook for the real estate market in 2023....

Source: Financialpost December 23, 2022

CRA tries to catch taxpayer who made an incorrect TFSA catch-up contribution

Jamie Golombek: The CRA refused to grant the taxpayer relief on penalties, but a judge said the taxman was in the wrong Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission...

Source: Financialpost December 23, 2022

Markets are freaking out over America's robust GDP reading

Wall Street’s major averages closed sharply lower on Thursday with the technology-heavy Nasdaq leading declines amid investor worries that data showing a resilient economy would lead the U.S. Federal Reserve to keep hiking interest rates for long...

Economy Source: Financialpost December 23, 2022

What you need to know about Canada's latest inflation numbers

Watch: Here's what November's 6.8% inflation reading means for consumers and the Bank of Canada The consumer price index increased 6.8 per cent from November 2021, down from year-over-year increases of 6.9 per cent in September and October, Sta...

Source: BNN Bloomberg December 22, 2022

U.S. stocks rally for a second day; Treasuries mixed

U.S. stocks rallied on Wednesday as an improvement in consumer confidence and better-than-expected earnings boosted sentiment. Treasuries were mixed after Tuesday’s selloff as the furore following the Bank of Japan’s unexpected increase in its yield trading b...

Source: BNN Bloomberg December 22, 2022

Will the 60/40 portfolio stage a comeback in 2023?

Putting 60 per cent of a portfolio in stocks and 40 per cent in bonds is supposed to hedge against both assets dropping simultaneously. But it didn't pan out that way in 2022. Inflation and rising interest rates whacked both asset classes, and a Bloomberg...

Source: BNN Bloomberg December 22, 2022

Energy stocks will be hot again in 2023. But now it's about dividends

After two straight years of big gains, energy stocks could outperform the market again in 2023, but this time it will be higher dividends rather than oil that will spur appetite for the sector. Sign up to get breaking news email alerts sent directly to...