Daily News

Source: BNN Bloomberg January 19, 2024

TSX recap: Index climbs 0.30% on industrial stock strength

Strength in industrial stocks helped Canada's main stock index post a small gain Thursday, while U.S. markets rose, more than reclaiming Wednesday's losses. The S&P/TSX Composite Index closed up 61.71 points, or 0.30 per cent, at 20,756.73. In New York,...

Source: Financialpost January 19, 2024

Posthaste: Why the Bank of Canada could still cut interest rates as early as April

Despite the inflation 'setback,' economy is cooling rapidly We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Why the Bank of Canada could still cut interest rates...

Source: Financialpost January 19, 2024

The CRA's prescribed interest rate hits double digits: 3 ways it could affect your wallet

Jamie Golombek: Interest rate for overdue taxes is now 10%Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. For the first time in more...

Source: Financialpost January 19, 2024

'Bad guys' go free while compliant Canadians get burdened with new trust rules

Kim Moody: The rules will miserably fail at achieving their objectivesReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Countries aroun...

Banking Source: Financialpost January 19, 2024

Mortgage 'payment shock' is why Canada's economy has fallen behind, says RBC's McKay

Americans have not faced the big hikes to mortgage payments Canadians haveCanadians are grappling with “payment shock” and Americans are not, and that will put the two countries’ economies on diverging paths to start 2024, according to the chief executive of...

Economy Source: Financialpost January 19, 2024

Canada faces weak start to year as headwinds mount, says Manulife forecast

'It's hard to see a good year for growth'The Canadian economy is facing mounting challenges with limited potential for an upside surprise, setting the stage for a weak start to 2024, predicts Manulife Investment Management. We apologize, but this vide...

Source: BNN Bloomberg January 18, 2024

Markets today: U.S. stocks drop as solid data fuel Fed-pivot repricing

Stocks joined losses in risk assets as bond yields climbed on speculation the Federal Reserve will be in no rush to cut interest rates as the economy shows signs of resilience. At a time when good economic news is not really that great from a policy perspe...

Market Call Source: BNN Bloomberg January 18, 2024

Hank Cunningham's Top Picks: January 17, 2024

Hank Cunningham, fixed Income strategist at Odlum Brown Ltd. FOCUS: Fixed income, bonds BOND MARKET OUTLOOK: After the recent dovish comments from the U.S. Federal Reserve, the bond market rallied further, pushing yields lower at all maturities. Se...

Source: BNN Bloomberg January 18, 2024

TSX recap: Index down 1.21% in broad decline

Canada's main stock index fell more than 250 points in a broad-based decline Wednesday, while U.S. stock markets also fell.  The S&P/TSX Composite Index closed down 253.07 points, or 1.21 per cent, at 20,695.02. In New York, the Dow Jones Industrial Ave...

Source: Financialpost January 18, 2024

Posthaste: Canadians are getting sick of waiting on sidelines for housing market to improve

Fewer people say they'll hold out for home prices and interest rates to drop before jumping back into the market We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: C...