Daily News

News Source: Financialpost June 27, 2023

Posthaste: Wildfires on track to do more damage to Canada's economy than Fort McMurray 'Beast' of 2016

Historic burn could shave more than half a percentage point off growth, say economists We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthas...

Source: Financialpost June 26, 2023

Immigrants needed as baby boomers retire

Watch: Deloitte Canada's Dawn Desjardins on how immigration is positive for the economy Dawn Desjardins, chief economist at Deloitte Canada, speaks with the Financial Post’s Larysa Harapyn about how immigration is a positive for the Canadian ec...

Source: Financialpost June 26, 2023

Danielle Smith reiterates emissions stance in first post-election meeting with Ottawa

Face-to-face with Natural Resources Minister Jonathan Wilkinson OTTAWA — There is no line in the sand between his government and Alberta over energy and climate policies but there is also still a lot of daylight in their respective visions, Nat...

Source: Financialpost June 25, 2023

Posthaste: Think gas prices are done fuelling inflation and interest rate hikes? Think again

Economist says prices at the pumps still 40% higher than pre-pandemic and are spilling over into other parts of economy We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other...

Market Call Source: BNN Bloomberg June 24, 2023

Brian Madden's Top Picks: June 23, 2023

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK: As expected, America avoided the low probability, high severity, spectre of a debt default. Relief rallying by investors who exp...

Source: BNN Bloomberg June 24, 2023

The Week Ahead: CPI data due; U.S. GDP

Monday, June 26 Notable data: Bloomberg Nanos Confidence, Bloomberg June Canada Economic Survey Notable earnings: Carnival Corp. Tuesday, June 27 Notable data: Consumer Price Index, CFIB Business Barometer, U.S. Durable Goods Orders, S&P Co...

Source: BNN Bloomberg June 24, 2023

U.S. stocks slide on specter of recession in Europe

U.S. stocks notched the worst week since March as anxiety rose that central banks will have to ratchet interest rates higher to tamp down inflation. Bonds rallied on bets that excessive tightening will bring on sharp economic downturns. The S&P 500 Index e...

Source: BNN Bloomberg June 24, 2023

TSX recap: Index finishes 0.83% lower amid losses in base metal stocks

Canada's main stock index dropped on Friday as the price of oil stayed below US$70 a barrel and losses in the base metal and battery metal stocks weighed on the Toronto market. The S&P/TSX Composite Index was down 162.67 points, or 0.83 per cent, at 19,418...

Source: Financialpost June 24, 2023

Terence Corcoran: A malicious smear job — What does Mein Kampf have to do with Canadian media?

Author's views are wrong, often inconsistent and ultimately a threat to principles of press freedom, writes Terence Corcoran A sure indicator that an anti-capitalism author is about to drive his ideological semi-trailer off the highway and into...

Source: Financialpost June 24, 2023

Jack Mintz: Mega-subsidies for some companies, new taxes for others sets Canada up for skewed economic growth

Market failure? Advocates of industrial policy need to worry about government failure Ginormous subsidies to clean-energy companies, whose owners will be enriched at the expense of other industries and taxpayers, are the latest example of misdi...