Daily News

Economy Source: Financialpost June 13, 2023

Protectionism and lack of investment are hobbling Canada's economic potential, report argues

Country on a path to fall behind in competitiveness and experience a slow erosion of living standards Get the latest from Barbara Shecter straight to your inbox Sign Up Canada’s economy isn’t focused enough on investment, a shortcomin...

Source: BNN Bloomberg June 12, 2023

The Week Ahead: U.S. interest rate decision; MLS Home Price Index

Monday, June 12 Notable earnings: Oracle Corp Tuesday, June 13 Notable data: U.S. NFIB Small Business Economic Trends Survey, U.S. Consumer Price Index Notable earnings: Major Drilling FOMC Meeting Begins Wednesday, June 14 Not...

Source: Financialpost June 12, 2023

Why Apple's Vision Pro got such a sour market reaction

Watch: Philip Petursson of Investors Group speaks about Apple's latest product announcement Philip Petursson, chief investment strategist at Investors Group, speaks to the Financial Post’s Larysa Harapyn about Apple Inc.’s new virtual reality g...

Source: BNN Bloomberg June 10, 2023

Looking at entertainment stocks? Expert suggests 'highly profitable' Netflix

Investors looking at the entertainment space for opportunities may want to consider Netflix Inc., one expert says, as the company is poised for growth. Alicia Reese, the vice-president of equity research at Wedbush, told BNN Bloomberg’s Andrew Bell on Frid...

Market Call Source: BNN Bloomberg June 10, 2023

Gordon Reid's Top Picks: June 9, 2023

Gordon Reid, president and chief executive officer, Goodreid Investment Counsel FOCUS: U.S. equities  MARKET OUTLOOK: There is evidence that the equity rally is beginning to broaden. The divergence between a handful of mega-cap tech stock’s perform...

Source: BNN Bloomberg June 10, 2023

U.S. stocks inch further into bull market as tech gains

The S&P 500 inched further into bull-market territory on Friday as technology shares continued to climb amid bets the Federal Reserve is nearing the end of its hiking cycle. The benchmark index added 0.1 per cent, as tech and megacap shares drove another s...

Source: BNN Bloomberg June 10, 2023

The Week Ahead: Earnings from Indigo Books & Music; U.S. interest rate decision

Monday, June 12 Notable earnings: Oracle Corp Tuesday, June 13 Notable data: U.S. NFIB Small Business Economic Trends Survey, U.S. Consumer Price Index Notable earnings: Major Drilling FOMC Meeting Begins Wednesday, June 14 Not...

Source: Financialpost June 10, 2023

Terence Corcoran: Money-losing Canada Post looks to ESG for salvation

After $1.7 billion in losses, what’s next for the Crown corporation? In this new world of high-tech revolutions, artificial intelligence and fly-to-the-moon communication technologies, the last thing on the minds of Canadian political and econo...

Source: Financialpost June 10, 2023

Interest rates are likely to stay higher for longer, says Bank of Canada deputy Paul Beaudry

'Excess demand in the Canadian economy is more persistent than we thought' Get the latest from Stephanie Hughes straight to your inbox Sign Up Persistent strength in the economy means interest rates may have to stay higher for longer...

Economy Source: Financialpost June 10, 2023

Cracks appear in Canada's jobs market as unemployment rate rises for first time in almost a year

But economists say may not be enough to deter the Bank of Canada from further rate hikes Get the latest from Stephanie Hughes straight to your inbox Sign Up Canada’s unemployment rate rose in May for the first time since August 2022 a...