Daily News

Source: BNN Bloomberg March 08, 2023

U.S. stocks hit by Powell’s double dose of hawkishness

Wall Street got a reality check after Jerome Powell’s hawkish rhetoric shook trading desks across the board, hitting risky assets and prompting a shift higher in bets on Federal Reserve’s rate hikes. During a Senate testimony, the Fed’s boss signaled offic...

Source: BNN Bloomberg March 08, 2023

U.S. stocks sink as Powell's jolt fuels recession fears

Wall Street got a reality check as Jerome Powell’s hawkish rhetoric prompted a shift higher in Federal Reserve rate wagers, reviving recession fears and crushing the riskier corners of the market. During a Senate testimony, the Fed’s boss signaled official...

Source: BNN Bloomberg March 08, 2023

TSX recap: Index finishes 1.17% lower amid losses in energy stocks

Canada's main stock index fell more than one per cent Tuesday with losses in energy, metals and financials leading the way down, while U-S markets fell further. The S&P/TSX Composite Index was down 239.26 points, or 1.17 per cent, at 20,275.54. In New Y...

Source: Bankofcanada March 08, 2023

Bank of Canada maintains policy rate, continues quantitative tightening

The Bank of Canada today held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening. Global...

Source: Financialpost March 08, 2023

Matthew Lau: Pushing the worst-case climate scenario

Biden Administration has finally admitted RCP 8.5 is nonsense. Ottawa should do the same “Representative Concentration Pathway 8.5” (RCP 8.5) is a global warming trajectory trotted out by the Trudeau government, publicly funded institutes and c...

Source: Financialpost March 08, 2023

Borrowing against life insurance can be a unique source of cash — if you can do it

A large benefit of life insurance is the ability to use the cash value and even borrow against it Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made th...

Source: Financialpost March 08, 2023

Rage applying is the new quiet quitting for employees who feel underappreciated

Victoria Wells: Proponents say rage applying lets off steam and sometimes results in hefty salary increases Some employees who are feeling underappreciated at work have given up quiet quitting and turned to something much more aggressive: rage...

Source: Financialpost March 08, 2023

Bank of Canada set to pause interest rates before U.S. Federal Reserve

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Tiff Macklem is e...

Source: Financialpost March 08, 2023

Posthaste: Housing market correction is hitting these cities the hardest — and they're not Toronto or Vancouver

Economists see another 10% fall in home prices this year Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page....

Economy Source: Financialpost March 08, 2023

Fewer Canadians have emergency savings on hand, driving down economic sentiment: poll

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Household outlook...