Daily News

Source: BNN Bloomberg March 07, 2023

U.S. stock rally hits a wall as economic headwinds loom

The stock market failed to gain much traction Monday on speculation that a recent rally has probably gotten overdone as economic risks linger. It’s not that investors were brimming with confidence at the start of trading, but the S&P 500 managed to climb a...

Company News Source: BNN Bloomberg March 07, 2023

First Capital REIT reaches agreement with activist investor group

First Capital Real Estate Investment Trust has reached an agreement with an activist investor group that was seeking to replace four of its trustees. Under the terms of the deal, Sandpiper and Artis Real Estate Investment Trust will withdraw a unitholder m...

Economics Source: BNN Bloomberg March 07, 2023

Dimon says China relations, war in Ukraine are his top concerns

The war in Ukraine and relationships with China are among the top concerns facing the economy, Jamie Dimon said.  “The thing I worry the most about is Ukraine,” JPMorgan Chase & Co.’s chief executive officer said Monday on Bloomberg Television. “It’s oil,...

Source: BNN Bloomberg March 07, 2023

TSX today: Index edges lower as energy and base metals fall

Canada's main stock index edged lower in afternoon trading, weighed down by losses in the energy and base metal sectors, while U.S. stock markets climbed higher to start the week. The S&P/TSX Composite Index was down 3.14 points, or 0.02 per cent, at 20,57...

Source: BNN Bloomberg March 07, 2023

Three retail sector stock picks from John Kernan

The retail sector has struggled amid inflationary pressures and inventory backup, but this challenging environment could offer investors some good deals on stocks, one financial expert advised.   Speaking with BNN Bloomberg's Amber Kanwar on Monday, John K...

Market Call Source: BNN Bloomberg March 07, 2023

Keith Richards' Top Picks: March 6, 2023

Keith Richards, president and chief portfolio manager, ValueTrend Wealth Management FOCUS: Technical analysis  MARKET OUTLOOK: Major indices have crossed through their 2000-day moving averages. That’s the good news. However, the indices (SPX, TSX)...

Source: Financialpost March 07, 2023

Private mortgage risk flagged by regulators amid growth in shadow banking

Canadians are taking on riskier loans and holding them for longer Private non-bank mortgage loans that often come with higher lender fees and interest-only payment options are taking a growing share of residential real estate lending in Canada,...

Source: Financialpost March 07, 2023

Jim Hinton: Why we must abandon Canada's uniquely troubling approaches to innovation

Canada’s innovation approaches have not been serious Canada’s innovation approaches have not been serious. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited on...

Source: Financialpost March 07, 2023

Real estate inventory levels 'shockingly low': Re/Max Canada

Watch: President Chris Alexander says there's also a 'stalemate' between buyers and sellers on price Chris Alexander, president of Re/Max Canada, talks with the Financial Post’s Larysa Harapyn about the low levels of housing for sale, a phenome...

Source: Financialpost March 07, 2023

Diane Francis: We've only scratched the surface of foreign interference and espionage

Canadian public kept in the dark about espionage scandal inside their own country With the spotlight on China’s interference in Canadian elections, the case of Cameron Ortis, the former RCMP spy master who was charged in 2019 with violating the...