Daily News

Market Call Source: BNN Bloomberg March 16, 2024

Michael Sprung's Top Picks: March 15, 2024

Michael Sprung, president, Sprung Investment Management FOCUS: Canadian large-cap stocks  MARKET OUTLOOK: Thus far in the first quarter of 2024, the financial markets have continued to forge ahead stretching the already excessive valuations higher....

Source: BNN Bloomberg March 16, 2024

TSX recap: Index ticks higher on strength in base metals

Base metals helped Canada's main stock index eke out a gain Friday, while U.S. stock markets were down, led by the Nasdaq's almost one per cent loss.  Markets had a lot of economic data to digest this week, mainly on inflation, said Kevin Headland, chief i...

Source: Financialpost March 16, 2024

Is the 5-year fixed mortgage dead?

Fixed rates must take a generous tumble before a five-year fixed revival — and that's an economic season or two awayNot long ago, the standard issue five-year fixed was Canada’s mortgage term of choice. It sold more than any other term by a long-shot....

Source: Financialpost March 16, 2024

Posthaste: 5 charts that show how Canadians are and aren't coping with higher interest rates

Household wealth rises but financial data from Statistics Canada show 'pressures will remain intense' We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: 5 charts tha...

Source: BNN Bloomberg March 15, 2024

Markets today: Bond yields jump as hot inflation curbs U.S. Fed wagers

The world’s biggest bond market sold off after another hot inflation report reinforced bets the U.S. Federal Reserve will be in no rush to cut rates even as some areas of the economy show signs of sluggishness. Treasury yields rose and stocks fell as the d...

Source: BNN Bloomberg March 15, 2024

Shopify's surge saw 85% of Canadian stock pickers trail targets

For Canadian stock pickers, success in 2023 hinged almost entirely on whether they held Shopify Inc. That was the finding from an S&P Global analysis of active fund managers in Canada last year, when the e-commerce company’s 119 per cent surge was the sing...

Source: Financialpost March 15, 2024

Is it time for Canada to embrace the 30-year mortgage?

Canada caps insured mortgages at 25-year amortizations, but some want them to go longer to help with affordability issuesThe possibility of allowing longer mortgage amortizations has come up repeatedly in Canada over the years, with regulators and lawmakers...

Source: Financialpost March 15, 2024

Opinion: New CRA reporting rules for trusts are a disaster

Intended to catch trust cheats, rules create offence of failing to file, which thousands of innocent trustees will likely doBy Allan Lanthier We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos...

Source: Financialpost March 15, 2024

Taxpayer learns ignorance isn't bliss when it comes to the CRA and TFSA rules

Jamie Golombek: Taxpayer hit with overcontribution penalty gets no relief from CRA though she claimed not to know rulesReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases...

Source: Financialpost March 15, 2024

Bank of Canada rate cut watchers starting to look past the summer

Robert McLister: Rate market on alert for signs of an inflation comeback2024 kicked off with the economy flexing more muscle than anticipated. That has the rate market spooked, as it constantly looks for signs of an inflation comeback tour. We apologi...