Daily News

Source: Bankofcanada May 25, 2023

New exhibition Money in 10 Questions: Kids Edition opens at the Bank of Canada Museum

The Bank of Canada Museum is inviting children to visit a new exhibition that is inspired by questions they have about money. Money in 10 Questions: Kids Edition is...

Source: Financialpost May 25, 2023

Scotiabank misses expectations on higher loan-loss provisions, but hikes dividend

Profit falls more than 20% as lender sets aside more money for potentially bad loans Get the latest from Stephanie Hughes straight to your inbox Sign Up The Bank of Nova Scotia missed expectations in the second quarter as it was hit w...

Source: Financialpost May 25, 2023

World's biggest nuclear plant may stay closed due to papers left on car roof

The mishap is the latest in a string of mistakes for the utility that operates the facility A week after Japanese regulators postponed the restart of the world’s biggest nuclear power plant due to safety lapses, a careless employee working from...

Source: Financialpost May 25, 2023

Posthaste: Rising home prices, mortgage costs not stopping these Canadians from believing now's the time to buy a house

First-time homebuyers and those who intend to buy in the near future optimistic about state of the housing market We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos...

Source: Financialpost May 25, 2023

Canada Pension Plan investing board posts 1.3% return for year

Gain in assets came from $8 billion in income and $23 billion in transfers Get the latest from Barbara Shecter straight to your inbox Sign Up The Canada Pension Plan Investment Board posted a net return of 1.3 per cent for the fiscal...

Source: Financialpost May 25, 2023

Howard Levitt: Alberta decision could open floodgates for harassment lawsuits

Public health inspector targeted during COVID-19 pandemic By Howard Levitt and Gregory Sills THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by Kevi...

Source: BNN Bloomberg May 24, 2023

TSX recap: Index finishes 1.01% lower amid losses in technology stocks

Canada's main stock index declined more than 200 points on Tuesday after the long weekend, pulled down by losses in industrial, tech and telecom stocks, while U.S. markets were also down.   The S&P/TSX Composite Index was down 205.05 points, or 1.01 per ce...

Source: BNN Bloomberg May 24, 2023

Canadian banks pricing in a recession around the end of the year: Portfolio manager

One portfolio manager said that Canada’s largest banks are pricing in a recession to occur around the end of the year, which is weighing on sentiment for bank stocks.  Amit Joshi, an associate portfolio manager at Barometer Capital Management, said in an i...

Source: BNN Bloomberg May 24, 2023

U.S. stocks fall on debt-deal impasse as deadline looms

U.S. stocks fell to session lows and short-dated Treasuries held on to losses as negotiations over raising the U.S. debt ceiling remained at an impasse. While negotiations continued on Tuesday, progress appeared limited, with some House Republicans questio...

Market Call Source: BNN Bloomberg May 24, 2023

Mike Philbrick's Top Picks: May 23, 2023

Mike Philbrick, chief executive officer, ReSolve Asset Management FOCUS: Exchange-traded funds  MARKET OUTLOOK: The global economy is currently facing a complex intersection of macroeconomic headwinds and technology tailwinds, which has given rise...