Daily News

Source: BNN Bloomberg March 05, 2024

Canadian investor sentiment like 'Eyeore from Winnie the Pooh,' says strategist

With the Canadian market still uncertain about future interest rate cuts, one market expert says Canadian investors are “a great contrarian indicator.” Brian Belski, chief investment strategist at BMO Capital Markets, said in an interview with BNN Bloomber...

Source: BNN Bloomberg March 05, 2024

Market strategist says equity markets are 'in the middle phase of this bull market'

As equities have reached all-time highs this year, one market strategist says stock markets are in the midst of a bull market.  Matt Orton, chief market strategist at Raymond James Investment Management, said in an interview with BNN Bloomberg on Monday th...

Source: BNN Bloomberg March 05, 2024

AI growth could drive productivity gains 'for the rest of this decade': CIO

One chief investment officer says AI is poised to deliver gains in productivity for the rest of the decade.  Jason Draho, head of asset allocation and CIO Americas at UBS Financial Services, said in an interview with BNN Bloomberg on Monday that a few year...

Source: BNN Bloomberg March 05, 2024

TSX recap: Index dips 0.10% on energy weakness

Canada's main stock index ticked lower on Monday, weighed down by weakness in energy stocks, while U.S. markets also eased from the highs they hit last week.  The S&P/TSX Composite Index closed down 21.28 points, or 0.10 per cent, at 21,531.07. The energy...

Source: Financialpost March 05, 2024

Mining giant Rio Tinto eyes Canada in hunt for top-tier lithium property

CEO says lithium to dominate market for EV battery metals Get the latest from Naimul Karim straight to your inbox Sign Up Mining giant Rio Tinto Ltd. “would love” to produce lithium in Canada, given the right project, says chief executive Jakob Staush...

Source: Financialpost March 05, 2024

Canada treats airline industry as a 'cash cow' when it should be essential service, says expert

Discount airlines face bigger challenges in this country than in the U.S.Canada treats its aviation industry as a cash cow, when it should be considered an essential service, says an airline expert. We apologize, but this video has failed to load. Try...

Source: Financialpost March 05, 2024

Posthaste: It's the economy, stupid — what's really wrong with the laggard TSX

The stampede out of Canadian stocks is breaking records We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: It's the economy, stupid — what's really wrong with the la...

Source: Financialpost March 05, 2024

Homes priced under $500,000 are vanishing across Ontario

Fewer than one in five homes fall below that thresholdHomes priced at under $500,000 are becoming a rarity in Ontario, with fewer than one in five dwellings falling under that threshold, new data from a government-run property assessment group shows....

Source: Financialpost March 05, 2024

Spring housing market resurgence could give Bank of Canada pause on rate cuts

A cut in April 'would be about the dumbest thing the central bank could do,' Scotiabank's Derek Holt says Get the latest from Barbara Shecter straight to your inbox Sign Up Most economists agree that it’s just a matter of time before the Bank of Canad...

Source: Financialpost March 04, 2024

The Magnificent Seven? More like the Magnificent Five these days

Watch investing expert Greg Taylor talk about why some of these high-flying tech stocks have come back to EarthGreg Taylor, chief investment officer at Purpose Investments, talks with Financial Post’s Larysa Harapyn about which stocks are attractive among th...