Daily News

Market Call Source: BNN Bloomberg March 09, 2024

Brian Madden's Top Picks: March 8, 2024

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK: Markets are locked in a tug-of-war between earnings and interest rates. Profits for U.S. companies have been very robust. Conver...

Source: BNN Bloomberg March 09, 2024

TSX recap: Index dips 0.26% after jobs data

Canada's main stock index crept lower on Friday while U.S. markets were also down, led by a 1.2-per cent loss on the Nasdaq after both countries saw fresh data on the labour market. The S&P/TSX Composite Index closed down 57.30 points, or 0.26 per cent, at...

Source: Financialpost March 09, 2024

Public sector hiring is driving Canada's labour market

Employment gains in the public sector more than offset losses among businesses last monthEmployment gains in the public sector more than offset losses among Canadian businesses last month, highlighting a labour market that has been propped up by government h...

Economy Source: Financialpost March 09, 2024

Canada's job gains double expectations, but unemployment rate ticks higher

Unlikely to move the bar on Bank of Canada rate cut, say economistsCanada’s economy gained 41,000 jobs in February, but the unemployment rate ticked up to 5.8 per cent, Statistics Canada reported Friday.  We apologize, but this video has failed to loa...

Banking Source: Financialpost March 09, 2024

‘We've averted a recession’: What senior bank executives are saying about the economy

Senior officials address issues ranging from the financial health of consumers to interest rates and credit qualitySenior executives from Canada’s biggest banks were in New York this week for the RBC Capital Markets Financial Institutions Conference, where t...

Economy Source: Financialpost March 09, 2024

'Flattered by massive population gains': Economists on the February jobs data

Nothing in data to force Bank of Canada's hand on interest ratesThe Canadian economy produced double the number of jobs forecasted by analysts, but the unemployment rate rose to 5.8 per cent in February from 5.7 per cent in January as population growth conti...

Source: BNN Bloomberg March 08, 2024

Canada's top pension funds pressured by CEOs to invest more at home

Almost 100 top Canadian business leaders have signed an open letter to Finance Minister Chrystia Freeland and her provincial counterparts, urging them to change investment rules for pension funds to “encourage them to invest in Canada.” The letter, publish...

Source: BNN Bloomberg March 08, 2024

Canada's IPO drought reaches a full year with no end in sight

Canada’s biggest market for initial public offerings is marking a grim milestone of a full year without a new listing, and with investors focused on a narrow set of themes, senior bankers don’t expect relief before the second half of 2024. The Toronto Stoc...

Source: BNN Bloomberg March 08, 2024

Markets today: U.S. stocks climb on bets Fed, ECB closer to rate cuts

Stocks hit all-time highs in the run-up to the U.S. jobs report, with investors betting some of the world’s major central banks will start slashing interest rates as soon as June. Those wagers emboldened equity bulls expecting lower borrowing costs will fu...

Source: BNN Bloomberg March 08, 2024

TSX recap: Index finishes slightly higher amid U.S. market gains

Canada's main stock index gained almost one per cent on Thursday, while U.S. markets also rose, led by a 1.5 per cent gain on the Nasdaq.  The S&P/TSX Composite Index closed up 200.60 points, or 0.93 per cent, at 21,794.56. In New York, the Dow Jones In...