Daily News

Source: Financialpost May 11, 2023

Concern about TD's anti-money laundering controls? What we know about the new twist in the failed First Horizon deal

Reports suggest regulators' concern over TD anti-money laundering controls helped scuttle the deal Get the latest from Barbara Shecter straight to your inbox Sign Up The Wall Street Journal and Bloomberg News reported May 9 the U.S. r...

Source: Financialpost May 11, 2023

Trudeau’s oil and gas policies too harsh for Rachel Notley

Centre-left contender looking to reclaim power as premier of Alberta in upcoming election The woman who’s looking to reclaim power in Canada’s energy heartland is pushing back against Prime Minister Justin Trudeau’s targets for cleaning up the...

Source: Financialpost May 11, 2023

Why are cars so expensive in Canada today?

Episode 193 of Down to Business podcast Get the latest from Gabriel Friedman straight to your inbox Sign Up How expensive are cars in Canada today? In the first quarter of 2023, a new vehicle cost $61,000 on average and a used vehicle...

Source: Financialpost May 11, 2023

Canadian banks hit with downgrades as economic storm clouds gather

Looming recession leads some analysts to hand out downgrades and slash outlooks Get the latest from Stephanie Hughes straight to your inbox Sign Up Canadian bank stocks may be running out of runway amid an uncertain outlook and potent...

Market Call Source: BNN Bloomberg May 10, 2023

Paul MacDonald's Top Picks: May 9, 2023

Paul MacDonald, chief investment officer and portfolio manager, Harvest Portfolios Group FOCUS: U.S. large cap health-care stocks MARKET OUTLOOK: We believe health care can be a market leader in this cycle. While the macro environment appears to be...

Source: Financialpost May 10, 2023

Philip Cross: Canada's worst decade for real economic growth since the 1930s

Causes of our slumping growth are domestic, not external Over the last ten years real GDP per capita grew just 0.8 per cent a year on average in this country, its lowest rate of growth since the 1930s. Total GDP has been growing because of our...

Source: Financialpost May 10, 2023

Canadians want to try a 4-day workweek, if only their bosses would offer it

Victoria Wells: Employers finding work-from-home not enough to keep staff from quitting may want to consider shorter workweek Employers finding that work-from-home options aren’t enough to keep staffers from quitting might want to consider a ne...

Source: Financialpost May 10, 2023

RBC, Scotiabank, TD downgraded by Barclays pulling TSX lower

Royal Bank hit by double downgrade Canada’s main stock index fell on May 9, weighed down by financial stocks after Barclays downgraded several banks, while investors remained cautious ahead of U.S. inflation data due on May 10. THIS CON...

Economy Source: Financialpost May 10, 2023

David Rosenberg: Woe Canada — latest job numbers are a mirage, not a miracle

The population surge is masking a whole lot of things going on in this country The currency traders bid up the Canadian dollar on May 5 in the wake of the apparent glow from the April jobs data, but it seems clear to me that they didn’t take th...

Source: BNN Bloomberg May 09, 2023

TSX recap: Index edges higher on tech and battery metals

Canada's main stock index edged higher Monday led by gains in technology and battery metals, while U.S. markets were mixed. The S&P/TSX Composite Index was up 43.12 points, or 0.21 per cent, at 20,585.15. In New York, the Dow Jones Industrial Average wa...