Daily News

Source: Financialpost February 02, 2024

Why Quebec is trying to close the wealth gap after decades as Ontario's poorer neighbour

Quebec will do whatever it takes to catch up to its neighbour to the WestOntarians are wealthier than Quebeckers, but Francois Legault is on a mission to close the gap. We apologize, but this video has failed to load. Try refreshing your browser, orta...

Source: Financialpost February 02, 2024

Posthaste: Retirement out of reach for almost 40% of working Canadians over 50, survey finds

Only about a third say they are in the financial position to retire when they want We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Retirement out of reach for alm...

Source: Financialpost February 02, 2024

Bank of Canada governor says interest rates not to blame for housing crisis

Urges government to focus on increasing housing supply to improve affordabilityOTTAWA — Bank of Canada governor Tiff Macklem says the central bank can’t solve the housing crisis with interest rates because the root cause is a supply shortage. We apolo...

Source: Financialpost February 02, 2024

Why investing within an RRSP makes sense for tax purposes no matter what you believe

Jamie Golombek explains how the returns from RRSP investing are tax free, not simply tax deferredReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on...

Source: BNN Bloomberg February 01, 2024

Markets today: U.S. stocks fall most in 2024 as U.S. Fed in no rush to cut

  Stocks saw their biggest decline since September after Jerome Powell said the Federal Reserve wants to keep its options open instead of rushing to cut interest rates. Speaking after the January Fed decision, Powell said he doesn’t think it’s likely th...

Market Call Source: BNN Bloomberg February 01, 2024

Paul Harris' Top Picks: January 31, 2024

Paul Harris, partner and portfolio manager, Harris Douglas Asset Management FOCUS: North American and global stocks  MARKET OUTLOOK: We think that central banks should maintain higher rates until inflation is in line with their target of two per ce...

Source: BNN Bloomberg February 01, 2024

Three Canadian small-cap stocks to buy: portfolio manager

Canadian stocks with small market capitalizations are trading at large discounts compared to their large-cap counterparts and a portfolio manager says the sector is primed for growth. Sajan Bedi, VP & portfolio manager at Canoe Financial, told BNN Bloomber...

Company News Source: BNN Bloomberg February 01, 2024

Mastercard’s costs grow more than expected as earnings beat

Mastercard Inc.’s fourth-quarter earnings beat analysts’ forecasts even as operating expenses grew more than analysts expected. Adjusted earnings came in at US$3.18 a share, higher than estimates of $3.08, while net income of $2.79 billion missed expectati...

Source: BNN Bloomberg February 01, 2024

TSX recap: Index down 0.97% in broad weakness

Canada's main stock index fell more than 200 points Wednesday on broad-based weakness, while U.S. markets also fell, led by losses in the tech sector.  The S&P/TSX Composite Index was down 205.99 points, or 0.97 per cent, at 21,021.88. In New York, the...

Source: Bankofcanada February 01, 2024

Opening Statement before the House of Commons Standing Committee on Finance

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Monet...