Daily News

Statistics Canada estimates GDP shrank 0.1% in July Canada’s economy grew in the second quarter, but momentum is slowing as the Bank of Canada’s aggressive interest-rate hikes take some of the heat out of the economy. We ap...

Central bank has been using social media to engage the public on the economy OTTAWA — As the Bank of Canada tries to rein in red hot inflation, the central bank is engaging in another fight: one against misinformation. We apolo...

US stocks and Treasuries fell again Monday as the realization that interest rates are likely to remain elevated for an extended period continued to force a repricing across assets.  The S&P 500 and the Nasdaq 100 dropped a second day, adding to the rout th...

A slump in capital-markets activity and expectations that the economy may take a turn for the worse are casting a pall over a Canadian bank earnings season that showed the lenders’ core businesses in otherwise solid shape. Five of Canada’s six largest bank...

Paul Harris, partner and portfolio manager, Harris Douglas Asset Management FOCUS: North American and European large caps MARKET OUTLOOK: The bear market so far has all been mostly multiple contraction. The S&P 500 price-to-earnings has gone from 2...

Peloton Interactive Inc. and Zoom Video Communications Inc., perhaps the two stocks most associated with COVID-era gains, now are trading below where they were before the pandemic upended life around the globe. Both the fitness subscription company and the...

North American stock markets were down slightly Monday as investors continued to adjust to the idea that inflation — as well as the efforts by central banks to curb it — is not going to go away anytime soon. "I think the old adage, 'don't fight the Fed' is...

New spending could make inflation worse, but Trudeau's low rating in opinion polls means the government is headed for a fight Prime Minister Justin Trudeau faces growing pressure to help Canadian households offset surging inflation as he meets with...

Stocks tumbled as Jerome Powell gave a clear message that rates will likely stay high for some time, throwing cold water on the idea of a Federal Reserve pivot that could jeopardize its war against inflation. The rout deepened in afternoon New York trading...

From cancelling Friday night trips to the pub to pushing back soccer practice, global investors are pulling out all the stops to ensure they’re ready for the most important gathering of central bankers this year. Min Gyeong-won is taking no chances as the...