Daily News

Source: BNN Bloomberg February 16, 2024

Canadian Tire poised for long-term growth amid profit decline in Q4: analyst

One analyst says that as Canadian Tire faces volatility, he sees longer-term growth for the business following fourth-quarter earnings marked by declines in profit and revenue.  David Aime, an equity analyst at Cardinal Capital Management, which owns share...

Source: BNN Bloomberg February 16, 2024

Cineplex opens Canadian junk bond market with $575 million sale

Canada’s largest theater chain has attracted orders for more than three times the amount of bonds it was offering on Thursday, to clinch the first Canadian junk bond sale of the year. Cineplex Inc. sold $575 million (US$426.9 million) of high-yield notes m...

Source: BNN Bloomberg February 16, 2024

Markets today: Wall Street looks past inflation angst before PPI

Wall Street traders looked past mixed economic data, sending stocks and bonds higher before an inflation reading that will help define the Federal Reserve’s next steps. The S&P 500 hit another all-time high — despite losses in its most-influential group: t...

Source: BNN Bloomberg February 16, 2024

TSX recap: Strength in energy has Index up 1.6%

Canada's main stock index gained 1.6 per cent on Thursday, led by strong gains in the energy sector, while U.S. markets also rose.  The S&P/TSX Composite Index closed up 333.29 points at 21,222.69. In New York, the Dow Jones Industrial Average was up 34...

Source: Financialpost February 16, 2024

Snowbird haven in Florida getting slammed by high home insurance rates, driving away buyers

Homeowners on Florida’s southwestern coast are struggling to sell properties and home prices are falling fastFlorida’s southwestern coast — long one of America’s fastest-growing regions — is losing some of its boom town swagger as a home-insurance crisis and...

Source: Financialpost February 16, 2024

Relying on CRA's Auto-fill can be costly as tax case over missing income shows

Jamie Golombek: One taxpayer faced more than $70,000 in arrears interest after Auto-fill failed to capture all his incomeReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchas...

Source: Financialpost February 16, 2024

Bank of Canada's inflation 'buffet' muddies timing of interest rate cuts

Bank monitors 6 indexes to get grasp on price pressures, giving it timing options and clouding outlook for marketsThe Bank of Canada says it’s watching core inflation closely as it weighs when to cut interest rates, but a mixed bag of measures gives it optio...

Source: BNN Bloomberg February 15, 2024

Markets today: dip buyers wade back in to fuel Wall Street gains

A renewed wave of dip buying sent stocks and bonds higher, following a slide triggered by an unexpected pickup in U.S. inflation. As investors awaited the next few economic reports that will be key in shaping the Federal Reserve’s rate path, Treasuries reb...

Market Call Source: BNN Bloomberg February 15, 2024

Chris Blumas' Top Picks: February 14, 2024

Chris Blumas, portfolio manager, Raymond James Investment Counsel  FOCUS: North American large caps  MARKET OUTLOOK: Concerns about inflation have prompted central banks around the world to tighten monetary conditions. However, the pace of tighteni...

Source: BNN Bloomberg February 15, 2024

Seasonality trends show equities could dip toward the end of February: analyst

One investment professional says that although equity markets have broadly done well in recent weeks, historical trends show momentum could slow later this month.  Brooke Thackray, a research analyst at Horizons ETF Management Canada, says that based on se...