Daily News

Source: Financialpost January 29, 2024

Canada wants to be an EV nation, but first it has to convince consumers

Consumer demand isn't keeping up with soaring expectationsThe federal government wants electric vehicles to be the obvious choice — and eventually the only choice — for Canadian drivers, but so far that doesn’t appear to be the case. We apologize, but...

Source: Financialpost January 29, 2024

How to strategically cut the financial cord with your adult children

Ida Khajadourian: Financial support should not come at the expense of a child’s path to financial independenceReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made thr...

Source: Financialpost January 29, 2024

Why 'loud budgeting' is gaining ground

Watch: Personal finance expert Kelley Keehn unpacks what that is and why tracking your 'financial calories' worksReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made...

Source: Financialpost January 28, 2024

Bank of Canada's balance sheet plans under pressure as funding markets show strain

Pressure mounting to speed up timeline to end quantitative tightening programThe Bank of Canada is coming under mounting pressure to accelerate the timeline to end its quantitative tightening program, even as it stays quiet on its plans. We apologize,...

Source: Financialpost January 28, 2024

Chevron Says California Plays a Risky Game With Climate and Gasoline

Chevron Corp. warns its home state of California’s climate policies are a “dangerous game” that risk causing gasoline price spikes and shortages.(Bloomberg) — Chevron Corp. warns its home state of California’s climate policies are a “dangerous game” that ris...

Source: BNN Bloomberg January 27, 2024

Markets today: Bond yields rise on bets Fed 'not rushing' to ease

Wall Street grappling with mixed economic data sent Treasuries down, with traders betting the Federal Reserve will signal patience before it decides to cut interest rates this year. Bond losses were led by shorter maturities as data showed personal spendin...

Source: BNN Bloomberg January 27, 2024

The Week Ahead: GDP data due, Rogers earnings

Monday Jan. 29 Earnings: Celestica, Whirlpool Tuesday Jan. 30 Earnings: Algoma Steel, Canopy Growth, Metro, CAE, CP Rail Other earnings: Pfizer, JetBlue, UPS, GM, AMD, Mondelez, Alphabet Starbucks, Microsoft, Electronic Arts Wednesday...

Source: BNN Bloomberg January 27, 2024

RBC analyst recommends consumer staple stocks

Consumer staple stocks underperformed broader equity markets last year, but an analyst has identified selective buying opportunities in the sector that he says investors should consider. Nik Modi, managing director and global co-head of consumer research a...

Technology Source: BNN Bloomberg January 27, 2024

Researchers 'concerned' about some 'finfluencer' investing content

A new report examines the impact of social media financial influencers, highlighting disclosure concerns among influencers making stock recommendations. The report published Thursday by the CFA Institute found Gen Z investors were more likely to seek inves...

Source: BNN Bloomberg January 27, 2024

TSX recap: Index edges 0.11% higher

Canada's main stock index eked out a gain Friday, while U.S. markets ended the day mixed as tech pulled equities lower. The S&P/TSX Composite Index closed up 23.74 points at 21,125.28. In New York, the Dow Jones Industrial Average was up 60.30 points at...