Daily News

Berkshire Hathaway Inc. eliminated a stake in Verizon Communications Inc. in the second quarter as the conglomerate run by billionaire Warren Buffett kept its equity portfolio mostly unchanged and dialed back on stock-buying overall. The company increased...

Statistics Canada’s consumer price index — the measure that the Bank of Canada uses to guide monetary policy; that employers and workers use to negotiate wages and salaries; and that public servants use to adjust government programs — increased 7.6 pe...

Annually adjusted starts increased 1.1% from June, but urban starts declined OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in July edged higher compared with June despite a slowdown in urban starts....

Statistics Canada’s consumer price index — the measure that the Bank of Canada uses to guide monetary policy; that employers and workers use to negotiate wages and salaries; and that public servants use to adjust government programs — increased 7.6 pe...

July numbers 'a bit of a relief,' says governor, but still a long way from where we need to be Bank of Canada governor Tiff Macklem called evidence that inflation decelerated in July a “relief,” but stopped well short of declaring victory in his ye...

Rising interest rates might be bad news for Canadians with mortgages, but it also means higher rates on savings vehicles such as guaranteed investment certificates (GICs), prompting renewed interest in the investments. Mahima Poddar, senior vice-president...

Stocks finished the week on solid footing, with traders assessing whether an inflation slowdown could soon make the Federal Reserve reduce the pace of its most-aggressive tightening campaign in decades and prevent a hard landing. Defying the crowd of skept...

Canada’s benchmark stock index closed 2.85 per cent higher for the week as a risk-on sentiment returned among investors. The S&P/TSX Composite Index closed 187.93 points higher, or 0.94 per cent, to 20,179.81 on Friday. It’s the first time the index has cl...

Eric Nuttall, partner and senior portfolio manager, Ninepoint Partners FOCUS: Energy stocks MARKET OUTLOOK: While the market frets of potential regional recessions and the impact that would have on short-term demand, the real story for oil remains...

Bank of America Corp. says investors are rushing back into stocks and bonds, with signs that inflation has peaked spurring bets the Federal Reserve will dial back its interest-rate hikes soon enough to keep the US economy out of a recession. Global equity...