Daily News

Source: Financialpost February 25, 2024

The power of individual pension plans compared to RRSPs

An IPP offers a robust alternative for entrepreneurs and incorporated business ownersReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page....

Source: Financialpost February 25, 2024

Bank of Canada to cut interest rates in half by end of next year: Desjardins

First cut could come in April if inflation and economy slows furtherCanadians can expect the Bank of Canada to start providing some respite this spring as the central bank “slowly but surely” moves towards its first interest rate cuts, says Desjardins Group....

Source: BNN Bloomberg February 24, 2024

Indigenous firms, First Nation to create investment dealer with Scotiabank

    Canada's first Indigenous-owned investment dealer could soon be a reality as Scotiabank is partnering with two Indigenous development corporations and a First Nation to launch one. Cedar Leaf Capital Inc., which still needs regulatory approval, w...

Source: BNN Bloomberg February 24, 2024

Husband snooping on wife's M&A work gets U.S. insider trading charge

A Texas man made almost US$2 million by illegally trading on his wife’s conversations with her BP Plc colleagues, according to the U.S. Securities and Exchange Commission in its latest case about couples eavesdropping while working from home.  For months,...

Source: BNN Bloomberg February 24, 2024

The Week Ahead: earnings from Big Six banks; GDP data due

Monday, Feb. 26 U.S. new home sales data Earnings: Ivanhoe Mines, Cargojet, Emera, Domino’s Pizza, Zoom, iRobot Tuesday, Feb. 27 Earnings from Big Six Canadian banks begin Earnings: Scotiabank, BMO, Norwegian Cruise Lines, Lowe’s, Macy’s,...

Source: BNN Bloomberg February 24, 2024

Nvidia flirts with US$2T valuation as rapid ascent extends

Nvidia Corp. is on track to become the first semiconductor firm with a US$2 trillion valuation, another milestone in its ascendancy as the biggest beneficiary of a rush into artificial intelligence-related stocks over the past year. The chipmaker’s shares...

Company News Source: BNN Bloomberg February 24, 2024

Reddit is moving ahead with IPO after two years on sidelines

  Reddit Inc. filed for an initial public offering, revealing the social media platform’s shrinking losses and helping to propel a still-tenuous resurgence in U.S. listings. The San Francisco-based company, in what is set to be one of the biggest listin...

Source: BNN Bloomberg February 24, 2024

Markets today: Stock rally wanes after S&P 500 touches 5,100 mark

Stocks struggled to gain traction, with big tech losing steam after a powerful rally driven by the artificial-intelligence euphoria. A feat of multiple records in the world’s biggest equity market drove the S&P 500 briefly above 5,100. The “Magnificent Sev...

Market Call Source: BNN Bloomberg February 24, 2024

Jason Del Vicario's Top Picks: February 23, 2024

Jason Del Vicario, portfolio manager at Hillside Wealth Management | iA Private Wealth FOCUS: North American and global growth stocks  MARKET OUTLOOK: Our thoughts never waver regardless of the macro backdrop; if anything, we favour challenging eco...

Source: BNN Bloomberg February 24, 2024

TSX recap: Index basks in Nvidia's 'halo effect'

Canada's main stock index gained almost 100 points Friday, while U.S. markets mostly held on to their gains after soaring the day before.  This was a strong week for earnings, with a focus on chipmaker Nvidia and its "halo effect" on markets, said Tamsin W...