Daily News

Banking Source: Financialpost March 09, 2024

‘We've averted a recession’: What senior bank executives are saying about the economy

Senior officials address issues ranging from the financial health of consumers to interest rates and credit qualitySenior executives from Canada’s biggest banks were in New York this week for the RBC Capital Markets Financial Institutions Conference, where t...

Economy Source: Financialpost March 09, 2024

'Flattered by massive population gains': Economists on the February jobs data

Nothing in data to force Bank of Canada's hand on interest ratesThe Canadian economy produced double the number of jobs forecasted by analysts, but the unemployment rate rose to 5.8 per cent in February from 5.7 per cent in January as population growth conti...

Source: BNN Bloomberg March 08, 2024

Canada's top pension funds pressured by CEOs to invest more at home

Almost 100 top Canadian business leaders have signed an open letter to Finance Minister Chrystia Freeland and her provincial counterparts, urging them to change investment rules for pension funds to “encourage them to invest in Canada.” The letter, publish...

Source: BNN Bloomberg March 08, 2024

Canada's IPO drought reaches a full year with no end in sight

Canada’s biggest market for initial public offerings is marking a grim milestone of a full year without a new listing, and with investors focused on a narrow set of themes, senior bankers don’t expect relief before the second half of 2024. The Toronto Stoc...

Source: BNN Bloomberg March 08, 2024

Markets today: U.S. stocks climb on bets Fed, ECB closer to rate cuts

Stocks hit all-time highs in the run-up to the U.S. jobs report, with investors betting some of the world’s major central banks will start slashing interest rates as soon as June. Those wagers emboldened equity bulls expecting lower borrowing costs will fu...

Source: BNN Bloomberg March 08, 2024

TSX recap: Index finishes slightly higher amid U.S. market gains

Canada's main stock index gained almost one per cent on Thursday, while U.S. markets also rose, led by a 1.5 per cent gain on the Nasdaq.  The S&P/TSX Composite Index closed up 200.60 points, or 0.93 per cent, at 21,794.56. In New York, the Dow Jones In...

Source: Financialpost March 08, 2024

Posthaste: Why these economists think the Bank of Canada might not cut as soon as most expect

Canadians could have to wait longer than expected for rate relief We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Why these economists think the Bank of Canada mi...

Source: Financialpost March 08, 2024

Canada poised for a 'very hot' housing market this spring

Watch: Leah Zlatkin talks about the spring housing market and who should consider buying a home nowLeah Zlatkin, mortgage broker and Lowest Rates expert, talks to the Financial Post’s Larysa Harapyn about how shelter inflation is affecting the Bank of Canada...

Source: Financialpost March 08, 2024

5 tips to help keep the CRA off your back this tax-filing season

Jamie Golombek: These tax tips should help reduce the anxiety that can come with filing returnsReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on t...

Source: Financialpost March 08, 2024

Why adjustable-rate mortgages will be in the sweet spot when the Bank of Canada finally pivots

If you want your payment to follow rates lower, you need an ARM. Robert McLister tells you how to shop for oneLike kids waiting for Santa Claus, floating-rate mortgagors have waited months for the Bank of Canada to deliver savings. Instead, the central bank...