Daily News

Source: Financialpost October 17, 2022

Loblaw freezes No Name prices to combat inflation in first for Canadian grocer

The price freeze runs from Oct. 17 until the end of January Loblaw Companies Ltd., Canada’s largest food and drug retailer, will freeze prices on all No Name products for more than three months as a way of blunting the impact of inflation, the...

Source: Financialpost October 17, 2022

Drinking the housing bubble tea: Report labelling Toronto, Vancouver markets as frothy contradicts itself

UBS report rings alarm bells over housing bubbles, but predicts housing prices and sales will resume their upward trajectory A report by a European bank recently named Toronto and Vancouver among the frothiest housing markets in the world, but...

Source: Financialpost October 17, 2022

Posthaste: Why Canada's economy may be in more trouble than the IMF thinks

Recession in Canada will be worse than in U.S., economists say Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page....

Source: Financialpost October 17, 2022

Diane Francis: Canada is a lightweight nation

Canadians live in a great, big, rich country that is run by very small-minded, isolated people OPEC kicked the United States, the West, and the world’s poorest nations in the teeth recently with oil production cuts that will raise prices to hel...

Source: BNN Bloomberg October 15, 2022

U.S. stocks upended by inflation survey's sobering view

U.S. stocks fell after a report showed U.S. year-ahead inflation expectations rose for the first time in seven months. The dollar gained and Treasuries fell. The S&P 500 closed near lows of the day, falling more than 2 per cent. The growth-sensitive Nasdaq...

Source: BNN Bloomberg October 15, 2022

U.K. needs budget U-turn to prevent market turmoil, BlackRock says

BlackRock Inc.'s chief macroeconomic strategist, Rupert Harrison, said the U.K. government must backtrack on its budget plans to prevent turmoil in financial markets from spreading. “It does seem pretty clear that the government is preparing a U-turn on at...

Market Call Source: BNN Bloomberg October 15, 2022

Bruce Murray's Top Picks: October 14, 2022

Bruce Murray, chief executive officer and chief investment officer, The Murray Wealth Group FOCUS: Global and North American equities MARKET OUTLOOK: The bear market continues to feed off the fear of higher interest rates which may feed a more sign...

Source: BNN Bloomberg October 15, 2022

BMO's Belski cuts TSX target to 'more realistic' 21,000

BMO Capital Markets Chief Investment Strategist Brian Belski, who just a few days ago was clinging to a year-end S&P/TSX Composite Index target that implied almost 32 per cent potential upside, has cut that outlook. “Given the persistent inflationary envir...

Source: BNN Bloomberg October 15, 2022

Private bets shield world's largest investors from market mayhem

A shift toward private markets is cushioning many of the world's largest investors from the wreckage wrought by runaway inflation and spiraling interest rates. The big question now looming over giants from China's US$1.2 trillion sovereign wealth fund to C...

Source: BNN Bloomberg October 15, 2022

TSX recap: Index closes down 1.54% amid losses in energy and base metal stocks

Canada's main stock index fell almost 300 points Friday after a surprise reversal Thursday, pulled down by losses in energy and base metals, while the U.S. markets fell at a steeper rate. The S&P/TSX Composite Index was down 287.28 points, or 1.54 per cent...