Daily News

Source: BNN Bloomberg December 23, 2023

TSX recap: Index climbs 0.8%, regains some of Wednesday's losses

Strength in base metal and utilities stocks helped Canada's main stock index rise more than 150 points on Thursday, while U.S. stock markets also climbed higher. Markets made a partial recovery after slumping the day before, with the TSX falling more than...

Source: BNN Bloomberg December 23, 2023

Hedge funds bet most against Canadian dollar in almost five years

Speculators are ramping up their bearish wagers on Canada’s dollar, lifting net short positions to the highest in nearly five years, according to a report from the Commodity Futures Trading Commission. Leveraged funds boosted their wager against the loonie...

Source: Financialpost December 23, 2023

FP Answers: Does it make sense to make early RRIF withdrawals for my 4 kids to avoid tax?

What is sometimes forgotten with RRSP/RRIFs is the real advantage of the tax-free compounding they provideBy Julie Cazzin with Allan Norman We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos fr...

Source: Financialpost December 23, 2023

Oops, record cash inflows show lots of investors missed out on the best stock rally in four years

Investors poured $1.3 trillion into cash, dwarfing the $152 billion that flowed into stocksInvestors poured record amounts into cash this year, according to Bank of America Corp. strategists, highlighting how a lot of market participants missed out on the be...

Source: Financialpost December 23, 2023

Howard Levitt: Is Canada having its Harvard moment?

Ontario Ministry of the Attorney General reportedly asking job candidates to attest they haven't signed controversial TMU petitionIn October, billionaire hedge fund chief executive Bill Ackman and other U.S. business leaders demanded that Harvard release the...

Source: Financialpost December 23, 2023

Posthaste: One of the last bastions of affordable housing in Canada is losing its edge

Property values in Calgary expected to keep climbing We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: One of the last bastions of affordable housing in Canada is l...

Economy Source: Financialpost December 23, 2023

Canada's economy flatlines, but soft landing still possible

Early estimate of rebound in final quarter signals possibility of a soft landingThe Canadian economy is on track to avoid back-to-back quarterly contractions, with early data pointing to a slight rebound in the last three months of the year, suggesting a pos...

Source: BNN Bloomberg December 22, 2023

Markets today: U.S. stocks rebound as economy shows signs of cooling

U.S. stocks bounced higher after Thursday data signaled the economy was headed in the right direction, cementing bets for deeper interest rate cuts from the U.S. Federal Reserve. The Nasdaq 100 index added 0.9 per cent, after Wednesday’s bout of selling kn...

Source: BNN Bloomberg December 22, 2023

TSX today: Index up more than 150 points

Strength in the base metal and financial stocks helped Canada's main stock index rise more than 150 points in late-morning trading, while U.S. stock markets also climbed higher. The S&P/TSX composite index was up 175.08 points, or 0.85 per cent, at 20,775....

Source: Financialpost December 22, 2023

Here's what the Bank of Canada was thinking when it held rates this month

Recent global economic developments were top of mind in governing council's decision to hold rate at 5%The Bank of Canada held its key overnight rate at five per cent on Dec. 6, a move that was widely expected by economists and markets. On Dec. 20, the centr...