Daily News

Source: Financialpost November 09, 2022

Amazon becomes first public company to lose $1 trillion in market value

Shares in the e-commerce and cloud company fell as much as 4.6% on Wednesday Amazon.com Inc. is the world’s first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening monetary policies and d...

Source: Financialpost November 09, 2022

Mortgage lender halts payouts as loan repayments slow

Toronto-based fund defers redemptions amid liquidity crunch Canadian real estate lender Romspen Investment Corp. has halted redemptions on its largest fund after a number of borrowers stopped making payments. We apologi...

Source: Financialpost November 09, 2022

Posthaste: 'Here comes the pain': Recession on tap for North America, BMO says

'Shallow' recession coming in first part of 2023 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 November 09, 2022

Canada's coming immigration boom will be the biggest in 60 years

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Episode 175 of Do...

Source: BNN Bloomberg November 08, 2022

TSX recap: Index closes 0.49% higher amid broad-base gains

Canada's main stock index was up nearly 100 points Monday, with broad-based gains in most sectors, while U.S. stock markets also climbed higher.  The S&P/TSX Composite Index was up 96.10 points, 0.49 per cent, at 19,545.91. Sign up to get breaking ne...

Market Call Source: BNN Bloomberg November 08, 2022

Stephen Takacsy's Top Picks: November 7, 2022

Stephen Takacsy, president, chief executive officer and chief investment officer, Lester Asset Management FOCUS: Canadian stocks   MARKET OUTLOOK: Volatility continues to rule stock and bond markets in 2022 due to aggressive central bank interest r...

Source: BNN Bloomberg November 08, 2022

U.S. stocks rally for second day ahead of U.S. midterms

U.S. shares rose in a broad-based rally that swept up small caps as well as blue-chip stocks, ahead of midterm elections and inflation data later this week. The dollar fell with Treasuries. The S&P 500 closed near session highs, with all but three of the 1...

Source: BNN Bloomberg November 08, 2022

Tesla's post-Twitter selloff pushes stock to a 17-month low

Tesla Inc. erased all of its gains from the past 17 months as investors continue to sell off the stock in the wake of Chief Executive Officer Elon Musk’s purchase of Twitter Inc. The electric-vehicle maker’s shares closed down 5 per cent to US$197.08 in Ne...

Source: Financialpost November 08, 2022

Canada ruffles some feathers at COP27 by including oil and gas representatives in its delegation

'The resource industry absolutely has to be there' Canada’s delegation heading to the United Nations’ COP27 climate change conference this week in Egypt will not include Prime Minister Justin Trudeau, but there will be a Canada Pavilion for the...

Source: Financialpost November 08, 2022

Terence Corcoran: Doug Ford wins one for the Charter of Rights

Knocks down union power to strike against state monopolies Prime Minister Justin Trudeau, his labour minister, Seamus O’Regan, assorted leftist academics and a small army of labour leaders and CBC agitpropists would have Canadians believe that...