Daily News

Source: Financialpost October 28, 2022

Canada GDP numbers out today show economy gearing down

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 Growth rate fell...

Source: Financialpost October 28, 2022

The very Canadian problem at the heart of our supply chain woes

Two railways rule the country. Is it time for more competition? A wooden bridge burned down one morning this month on a rail line in northwestern Alberta, near an S-shaped bend in the Smoky River about 100 kilometres south of Grande Prairie. An...

Source: Financialpost October 28, 2022

Elon Musk starts cutting jobs at Twitter as staff seen leaving with boxes

Cuts started right after the deal closed Thursday Elon Musk has started to cut employees at Twitter Inc. We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from...

Source: Financialpost October 28, 2022

David Rosenberg: Canada's housing bubble has burst — now brace yourself for the economic hit

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 The upcoming rece...

Economy Source: Financialpost October 28, 2022

Finance minister to deliver fall economic statement on Nov. 3

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 Update on federal...

Source: BNN Bloomberg October 27, 2022

Alphabet, Microsoft spark US$300B megacap rout

Technology powerhouse Alphabet Inc. thrilled investors during the bull market by consistently reporting stronger-than-expected sales and earnings. Those days are over. Disappointing quarterly updates from the Google parent, as well as Microsoft Corp. and s...

Market Call Source: BNN Bloomberg October 27, 2022

Stan Wong's Top Picks: October 26, 2022

Stan Wong, portfolio manager at Scotia Wealth Management FOCUS: North American large caps and ETFs MARKET OUTLOOK: After a grueling September, equity markets have bounced higher with the S&P 500 Index higher by over seven per cent thus far in Octob...

Source: BNN Bloomberg October 27, 2022

U.S. stocks snap three-day rally; Treasuries gain

Wall Street saw session of twists and turns on Wednesday, with stocks snapping a three-day rally as earnings from megacap firms highlighted the toll the Federal Reserve, and consequently the surging dollar, had on the economy.  The S&P 500 closed lower and...

Source: BNN Bloomberg October 27, 2022

TSX recap: Index finishes trading 0.96% higher

Canada's main stock index was up almost 200 points on Wednesday, buoyed by strength across all sectors on news of a half-percentage point interest rate hike, while U.S. markets were mixed, weighed down by tech stocks.  The S&P/TSX Composite Index was up 18...

Source: Bankofcanada October 27, 2022

Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity in Canada during April 2022

In April, the Bank of Canada and 51 other central banks and monetary authorities conducted the latest triennial survey of turnover activity in the foreign exchange (...