Daily News

Source: BNN Bloomberg November 23, 2023

Markets today: 'big seven' rally in focus as Nvidia underwhelms

Stocks, bonds and the dollar barely budged as the Federal Reserve minutes reiterated the central bank’s cautious approach, with traders focused on Nvidia Corp.’s results after this year’s blockbuster rally in big tech.  In late trading, shares of the world...

Source: BNN Bloomberg November 23, 2023

Markets today: U.S. yields climb amid unwinding of dovish Fed bets

Treasury yields rose after data showed a further increase in consumer year-ahead inflation expectations, with some traders taking profits on dovish Federal Reserve wagers. In a thin trading session ahead of the Thanksgiving holiday, two-year U.S. yields hi...

Source: BNN Bloomberg November 23, 2023

TSX recap: Index ekes out small gain despite energy losses

Canada's main stock index eked out a gain on Wednesday as losses in the energy sector weighed on the index, while U.S. markets rose.  The S&P/TSX Composite Index closed up 3.99 points, or 0.02 per cent, at 20,113.96. In New York, the Dow Jones Industria...

Source: Financialpost November 23, 2023

Top headlines: TD says home prices to fall 10%, double previous forecast

The latest business news as it happensToday’s top headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: TD says home prices to fall 10%, double previous...

Source: Financialpost November 23, 2023

Jack Mintz: Canada may not be broken but Ottawa is definitely broke

With growth flat and interest payments ballooning there's no room for new spending unless deficits are cranked up again — a bad ideaIn her economic update Tuesday, Finance Minister Chrystia Freeland just couldn’t help taking a swipe at Leader of the Oppositi...

Source: Financialpost November 23, 2023

5 measures in the fiscal update aimed at saving Canadians money

$168 million in new spending over six years for programs to make life more affordableOTTAWA — Finance Minister Chrystia Freeland tabled a fall economic statement on Nov. 21 that aims to support middle-class Canadians amid soaring consumer prices and looming...

Source: Financialpost November 23, 2023

Liberals' mortgage charter draws praise and warnings as renewal cliff looms

Economist David Rosenberg warns of 'perverse incentives and unintended consequences' Get the latest from Barbara Shecter straight to your inbox Sign Up A new charter codifying the relief that lenders must offer financially strapped mortgage borrowers...

Source: Financialpost November 23, 2023

Posthaste: Here's what it will take for the Bank of Canada to cut rates — and when it might happen

Reaching the bank's 2% inflation target might not be necessary, Desjardins economists say We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Here's what it will take...

Source: BNN Bloomberg November 22, 2023

Markets today: Stocks, bonds, U.S. dollar barely budge on Fed signals

Stocks, bonds and the dollar barely budged after the Federal Reserve minutes reiterated the central bank’s cautious approach on interest rates, with traders gearing up for Nvidia Corp.’s results. The S&P 500 edged lower after hitting “overbought” levels an...

Market Call Source: BNN Bloomberg November 22, 2023

Brian Madden's Top Picks: November 21, 2023

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK: Stock markets find themselves on much stronger footing in November after three back-to-back months of drawdowns in August, Septe...