Daily News

Source: BNN Bloomberg June 08, 2023

U.S. tech stocks sputter as traders consider July hike

A drop in tech shares drove U.S. stocks lower, while Treasuries retreated after a surprise Bank of Canada rate increase fueled bets the Federal Reserve is not done with its own tightening. The Nasdaq 100 fell 1.8 per cent, with the likes of Alphabet Inc. a...

Source: BNN Bloomberg June 08, 2023

TSX recap: Index finishes lower amid interest rate hike

Canada's main stock index moved lower Wednesday as the market digested an interest rate hike by the Bank of Canada, while U.S. markets were mixed.  The S&P/TSX Composite Index was down 71.91 points, or 0.36 per cent, at 19,983.69. In New York, the Dow J...

Source: Bankofcanada June 08, 2023

Adjusting to higher interest rates

Speaking a day after we raised interest rates, Deputy Governor Paul Beaudry talks about what Governing Council considered in its decision. He also suggests reasons w...

Source: Financialpost June 08, 2023

'Disaster for the many Canadians barely hanging on': Politicians weigh in on Bank of Canada rate hike

Chrystia Freeland tries to reassure 'anxious' Canadians, while Pierre Poilievre goes on the attack Finance Minister Chrystia Freeland tried to reassure Canadians that the economy is still headed for calmer times after the Bank of Canada unexpec...

Source: Financialpost June 08, 2023

Bank of Canada unexpectedly hikes rate to 4.75% — and economists see room for more

The rise brings the policy rate to the highest it’s been since April 2001 Get the latest from Stephanie Hughes straight to your inbox Sign Up The Bank of Canada surprised markets by ending its pause and hiking its key interest rate a...

Source: Financialpost June 08, 2023

The Bank of Canada just 'stomped' on the housing market rebound

Higher rates could put downward pressure on prices and send some would-be buyers back to the sidelines, experts say Just as Canada’s housing market was starting to rebound, the Bank of Canada has dealt it another blow. THIS CONTENT IS R...

Source: Financialpost June 08, 2023

Canadian banks raise prime rate to 6.95% after Bank of Canada hike

Big banks follow suit after surprise quarter-point hike Canadian banks announced they were raising their prime lending rates after the Bank of Canada surprised markets by hiking it benchmark interest rate on June 7. THIS CONTENT IS RESE...

Source: Financialpost June 08, 2023

Posthaste: Why thousands upon thousands of Canadian businesses may be about to close for good

CFIB says 250,000 small businesses at risk of closure if CEBA loan repayment deadline not extended We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team....

Economy Source: Financialpost June 08, 2023

Bank of Canada likely ready to start hiking interest rates again

Economists expect another rate hike either today or in July The Bank of Canada probably isn’t done raising interest rates. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canad...

Source: BNN Bloomberg June 07, 2023

What to know if the S&P 500 enters a bull market

Economic optimism in the U.S. and a rally in big tech stocks has the S&P 500 closing in on a bull market, and while some investors may want to act quickly, experts are urging caution. The S&P 500 has climbed nearly 20 per cent since an October low, reachin...