Daily News

Economy Source: Financialpost May 24, 2023

Families 'facing real pressure' as household debt levels push higher, CMHC warns

Signs that more and more consumers having financial difficulty as interest rates rise Get the latest from Barbara Shecter straight to your inbox Sign Up Canada’s household debt, which already exceeds the size of the size of the countr...

Source: Bankofcanada May 23, 2023

Bank of Canada Museum announces 2023 recipients of Award for Excellence in Teaching Economics

The Bank of Canada Museum is honouring two outstanding educators for their exceptional work in teaching students about the economy. Andre Boutin Maloney from Bert F...

Source: Financialpost May 23, 2023

Dragons' Den Stars Join Bid for Ottawa Senators

This section is Partnership Content supplied The content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Business Wire...

Source: Financialpost May 23, 2023

The U.S. debt ceiling debate is a big deal, says Brian Belski: What investors should know

Watch: Brian Belski breaks down the U.S. debt ceiling for investors and talks about where markets are headed Brian Belski, chief investment strategist at BMO Capital Markets, talks to the Financial Post’s Larysa Harapyn about why the U.S. debt...

Source: Financialpost May 23, 2023

The Pentagon Is Helping Bring the Baby Nuke Industry to Life

The first small modular reactor commissioned by the Defense Department could roll off the assembly line of a Virginia-based factory in just two years. (Bloomberg) — THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read th...

Source: BNN Bloomberg May 20, 2023

U.S. stocks waver as traders weigh debt talks, Fed path

Traders pared bets on a Federal Reserve rate hike in June to 25 per cent as Jerome Powell signaled a pause. Stocks fell amid a slide in banks and concern U.S. lawmakers are struggling to reach a deal to prevent a default. The S&P 500 halted a two-day rally...

Market Call Source: BNN Bloomberg May 20, 2023

Daniel Straus' Top Picks: May 19, 2023

Daniel Straus, director of ETF research and strategy, National Bank Financial FOCUS: ETFs MARKET OUTLOOK: Has the world turned upside-down? The U.S. federal yield curve (10-2 year) is the most inverted it’s been in 40 years. Despite a year of break...

Source: BNN Bloomberg May 20, 2023

The Week Ahead: Canadian bank earnings; U.S. GDP data due

Monday, May 22 Notable earnings: Zoom Video Communications Victoria Day (markets closed in Canada) Tuesday, May 23 Notable data: Industrial Product and Raw Materials Price Indices, S&P Global PMIs, U.S. New Home Sales Notable earnings: Lo...

Source: BNN Bloomberg May 20, 2023

TSX today: Index higher on energy, telecom and tech stocks

Strength in the energy, telecommunications and technology sectors helped lead Canada's main stock index higher in late-morning trading, while U.S. stock markets were down. The S&P/TSX Composite Index was up 25.54 points, or 0.13 per cent, at 20,322.63....

Source: BNN Bloomberg May 20, 2023

Canadian banks faced a difficult quarter ahead of earnings releases: RBC

As Canadian banks get set to report quarterly results next week, analysts at RBC Capital Markets are predicting a challenging quarter for many of the nation’s major lenders, saying the “macroeconomic outlook has become more uncertain.” In a report released...