Daily News

Source: BNN Bloomberg June 06, 2023

U.S. stocks drift as tech rally halts, oil pares gains

Equities dropped to session lows in subdued trading as Apple Inc. erased earlier gains in anticipation of a new mixed-reality headset. The S&P 500 edged lower as both tech and energy stocks pared advances, which had briefly pushed the benchmark index 20 pe...

Source: BNN Bloomberg June 06, 2023

U.S. stocks rise as tech rally resumes; oil pares gain

Tech stocks drove the S&P 500 higher for a third day, pushing the benchmark index 20 per cent above an October low, on track for a bull market. The S&P 500 gained 0.3 per cent, with Apple Inc. up 1.96 per cent in anticipation for a mixed-reality headset la...

Company News Source: BNN Bloomberg June 06, 2023

Brookfield targets US$15B for real estate fund despite woes

Brookfield Asset Management Ltd. is aiming to raise US$15 billion for its fifth flagship real estate fund, less than its previous version, according to people familiar with the matter, as the global property market is roiled by rising borrowing costs. Broo...

Source: Financialpost June 06, 2023

Pipeline price war brews in Canada as Enbridge cuts rates to ship oil

Seeks to get head start before rival Trans Mountain expansion starts up next year A pipeline price war is brewing in Canada, with Enbridge Inc. slashing the rates it charges producers to ship crude on its Mainline system before a rival line sta...

Source: Financialpost June 06, 2023

Why the shadow banking sector is keeping Canada's financial regulators up at night

OSFI concerned banks have hidden exposure to unregulated private lending sector Get the latest from Barbara Shecter straight to your inbox Sign Up Canada’s top banking regulator has sat down with senior managers at the country’s large...

Source: Financialpost June 06, 2023

Most Canadians waiting for mortgage rates to drop to re-enter housing market: poll

Housing affordability near the worst it has been in more than 30 years The housing market may be heating up again, but most Canadians are still waiting on the sidelines for mortgage rates to drop, with some giving up on the idea of buying a hom...

Source: Financialpost June 06, 2023

Posthaste: Canadians should brace for another interest rate hike — whether it's this week or next month

One economist sees the Bank of Canada raising rates this week and in July We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canadians...

Source: Financialpost June 06, 2023

Trudeau is betting $12 billion on a plan to clean up the oilsands that critics say is 'deeply and fundamentally flawed'

Canada’s oilsands industry says carbon capture can help it cut planet-warming emissions. But can taxpayer cash be better spent? Canada is staking billions of dollars of public money on an oil industry plan to transform one of the world’s dirtie...

Economy Source: Financialpost June 05, 2023

Four pillars to build Canada's prosperity

An excerpt from Everybody’s Business: How to ensure Canadian prosperity through the twenty-first century The following is an excerpt from Everybody’s Business: How to Ensure Canadian Prosperity Through the Twenty-First Century, written by Dany...

Source: Financialpost June 04, 2023

Bank of Canada still has time to pause interest rates: Dawn Desjardins

Watch: Dawn Desjardins of Deloitte Canada talks about what the recent GDP numbers mean for Canada's economy Dawn Desjardins, chief economist at Deloitte Canada, talks with Financial Post’s Larysa Harapyn about what the recent gross domestic pro...