Daily News

Source: Financialpost February 18, 2024

Why market bets on interest rate cuts are slipping

Watch: Earl Davis of BMO Global Asset Management unpacks why investors are scaling back their interest-rate-cut expectationsEarl Davis, head of fixed income at BMO Global Asset Management, talks with Financial Post’s Larysa Harapyn about how data on inflatio...

Source: BNN Bloomberg February 17, 2024

Markets today: Wall Street ends wild week on sour note after PPI

  The world’s biggest bond market extended this year’s selloff and stocks dropped from a record on speculation that the U.S. Federal Reserve will be in no rush to cut interest rates. Another report signalling inflation is showing signs of being “stickie...

Source: BNN Bloomberg February 17, 2024

Rate-cut delays are a headwind for Canadian stocks, IG strategist Petursson warns

Canada’s main equity index is poised to struggle if investors determine that central banks are going to delay rate cuts for a while, IG Wealth Management’s chief investment strategist said. Traders have become less optimistic that policymakers will lower b...

Source: BNN Bloomberg February 17, 2024

Three small-cap industrial stocks to consider: portfolio manager

Small-cap industrial stocks have climbed alongside broader equity markets over the last few months, and are now narrowly lagging behind the S&P 500, but an expert says the sector has more room to run. Dan Skubiz, senior portfolio manager at Ziegler Capital...

Source: BNN Bloomberg February 17, 2024

The Week Ahead: January inflation data, Loblaws earnings

Monday, Feb. 19 Family Day in Canada, Presidents' Day in U.S. Stock and bond markets are closed in Canada and U.S. Tuesday, Feb. 20 Canadian inflation data for January NB/Teranet new home price index Earnings: Home Depot, Walmart, iA f...

Source: BNN Bloomberg February 17, 2024

Canadian investment in foreign securities hits all-time high

Canadians bought up a record amount of foreign securities at the end of last year as investors piled into U.S. stocks.  Investment in securities outside the country hit $29.4 billion in December, according to data released Friday by Statistics Canada. That...

Source: BNN Bloomberg February 17, 2024

TSX recap: Index ekes small gain on strength in base metals, telecom

Strength in base metals and telecom helped Canada's main stock index post a small gain Friday, while U.S. markets moved lower.  The S&P/TSX composite index closed up 32.92 points, or 0.16 per cent, at 21,255.61. In New York, the Dow Jones Industrial Ave...

Source: Financialpost February 17, 2024

How to build a retirement 'paycheque' to replace your work paycheque

Ted Rechtshaffen: From deferring CPP to taking out a HELOC, these strategies can help you create cash flowReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through...

Source: Financialpost February 17, 2024

Posthaste: Canadians jump back into variable mortgages in bet on 'short-term pain for long-term gain'

Spring real estate season starts early as homebuyers look to take advantage of lower prices, Scotiabank says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canad...

Company News Source: BNN Bloomberg February 16, 2024

Great-West Lifeco sees fourth-quarter earnings rise to $740 million

Great-West Lifeco Inc. says its fourth-quarter net earnings were $740 million, up from $452 million during the same quarter last year.  Net earnings per common share were 79 cents, up from 48 cents for the quarter ended Dec. 31, 2023.  However, though n...