Daily News

Source: BNN Bloomberg June 17, 2023

​Loonie rises on back of U.S. dollar weakness

The Canadian dollar rose against the greenback for the first time in months.    The loonie rose to 75 cents U.S. against the U.S. dollar for the first time since last September, driven by the Bank of Canada’s more aggressive approach to interest rate hikes c...

Market Call Source: BNN Bloomberg June 17, 2023

Gavin Graham's Top Picks: June 16, 2023

Gavin Graham, chief investment officer, SmartBe Investments FOCUS: North American equities  MARKET OUTLOOK: The decision by the Bank of Canada to raise interest rates last week by 0.25 per cent to 4.75 per cent, the highest since 2001, shows its paus...

Source: BNN Bloomberg June 17, 2023

TSX recap: Index finishes lower amid losses in energy stocks

Canada's main stock index drifted lower Friday, pulled lower by energy, technology and base metals, while U.S. markets also ended the day down.   The S&P/TSX Composite Index was down 51.98 points, or 0.26 per cent, at 19,975.37. In New York, the Dow Jon...

Source: BNN Bloomberg June 17, 2023

The Week Ahead: Retail sales data due; BoC summary of deliberations

Monday, June 19 Notable data: Industrial Product and Raw Materials Price Indices, U.S. NAHB Housing Market Index U.S. Markets closed for Juneteenth Tuesday, June 20 Notable data: U.S. Housing Starts, U.S. Building Permits Notable earnings...

Source: Financialpost June 17, 2023

Workers resisting the office grind are suddenly lonely at home

The remote-work revolution has morphed into a tug-of-war between frustrated bosses and fed-up staff Three years after the pandemic closed down offices around the world, the remote-work revolution has morphed into a tug-of-war between frustrated...

Source: Financialpost June 17, 2023

FP Answers: Can we retire in 7 years at 55 even though we have a $525,000 mortgage now?

Couple could retire with $60,000 income a year, but they need to think about the kind of lifestyle they want Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purcha...

Source: BNN Bloomberg June 16, 2023

U.S. stock rally is deepening beyond AI-fueled craze

The stock rally driven by the exuberance surrounding artificial intelligence is widening beyond the tech industry, defying naysayers and raising concern about an overbought market. Mounting bets that the Federal Reserve will end its tightening cycle sooner...

Source: BNN Bloomberg June 16, 2023

TSX positioned to outperform S&P 500 for the next decade: Strategist

The Canadian equity market could potentially reward investors more than the S&P 500 over the next 10 years, one strategist says. Elevated inflation and heightened commodity prices could cause the TSX to outperform the S&P 500, as both factors are likely to...

Market Call Source: BNN Bloomberg June 16, 2023

Paul Harris' Top Picks: June 15, 2023

Paul Harris, partner and portfolio manager, Harris Douglas Asset Management FOCUS: North American and global large caps  MARKET OUTLOOK: The big issue that faces the market is inflation. The U.S. Federal Reserve and other central banks reiterated t...

Source: BNN Bloomberg June 16, 2023

TSX recap: Index finishes slightly higher amid gains in energy stocks

Canada's main stock index just eked out a gain Thursday, buoyed by energy and metals stocks, while U.S. stock markets rose.  The S&P/TSX Composite Index was up 12.26 points, or 0.06 per cent, at 20,027.35. In New York, the Dow Jones Industrial Average w...