Daily News

Economics Source: BNN Bloomberg March 20, 2024

Ottawa should keep its 'hands off' pension funds, says former OTPP head

The former head of one of Canada’s largest pension plans says the federal government should avoid telling Canadian pension funds where to direct capital, despite recent calls encouraging them to invest more at home. Jim Leech, former president and CEO of t...

Company News Source: BNN Bloomberg March 20, 2024

Sycamore Partners explores bid for apparel maker Gildan activewear

Private equity firm Sycamore Partners is exploring an offer for Gildan Activewear Inc., the Canadian clothing manufacturer that owns the American Apparel brand, people familiar with the matter said.  The New York-based buyout firm has discussed financing o...

Source: Bankofcanada March 20, 2024

Summary of Governing Council deliberations: Fixed announcement date of March 6, 2024

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on March 6, 2024. This summary reflects di...

Source: Financialpost March 20, 2024

Posthaste: Canada's housing market could be in for a 'bumpy recovery'

Standoff brewing between buyers and sellers, says RBC We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canada's housing market could be in for a 'bumpy recovery' B...

Source: Financialpost March 20, 2024

The CRA already has your info, so make automatic tax filing a reality already

Kim Moody: To get access to significant cash handouts via credits, people must timely file their tax returnsReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made throu...

Source: Financialpost March 20, 2024

Canada's inflation rate slows more than expected, raising odds of Bank of Canada rate cut in June

First time grocery inflation was lower than overall inflation since 2021Canada’s inflation rate slowed in February, putting a potential Bank of Canada interest rate cut on the table for the summer. We apologize, but this video has failed to load. Try...

Source: BNN Bloomberg March 19, 2024

Markets today: ‘Magnificent Seven’ power AI-driven stock rebound

Tech giants led gains in stocks at the start of a week that will bring a raft of central-bank decisions from the U.S. to England and Japan. Equities rebounded from a recent pullback, with megacaps outpacing the broader market. Alphabet Inc. jumped as Bloom...

Source: BNN Bloomberg March 19, 2024

TSX recap: Index dips despite oil, U.S. market hikes

Canada's main stock index crept lower on Monday even as the price of oil rose, while U.S. markets were led higher by the Nasdaq.  The S&P/TSX Composite Index closed down 11.97 points, or 0.05 per cent, at 21,837.18. In New York, the Dow Jones Industrial...

Source: Bankofcanada March 19, 2024

2024 Fellowship Program: Award recipients

The Bank of Canada is pleased to announce the recipients of the Bank’s 2024 Fellowship Award and Governor’s Award. Fellowship Award Michelle Alexopoulos Professor of Ec...

Source: Financialpost March 19, 2024

The evidence leaves no doubt — rent controls hurt rental supply

They lead to a slowdown in construction and a deterioration in supply hurting future tenantsMany housing advocates champion rent controls as a panacea for rising rents, but a wealth of empirical evidence indicates that while such controls may offer temporary...