Daily News

Source: Financialpost November 17, 2023

Don't count on seniors to sell their homes anytime soon, CMHC report finds

Only a 'minority' of older Canadian households are opting to downsizeCanadian seniors are opting to remain in their homes for longer, a new report from the Canada Mortgage and Housing Corporation has found, suggesting that those looking to buy into the housi...

Source: Financialpost November 17, 2023

Alberta's CPP exit involves more than just an asset transfer number — it brings a matrix of risks, too

Engaging the chief actuary is the best path forward — but asking the right questions is criticalBy Doug Chandler and Bonnie-Jeanne MacDonald  We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos...

Source: Financialpost November 17, 2023

Posthaste: Ontario home sales hit lows of the great financial crisis

No region in the country is feeling the housing slowdown more We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Ontario home sales hit lows of the great financial c...

Source: Financialpost November 17, 2023

One winner, one loser as the CRA continues its pandemic benefit crackdown

Jamie Golombek: More than 1,000 COVID-19 benefit cases are currently under review by the CRAReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this...

Source: Financialpost November 17, 2023

'Such a difficult life in Canada': Ukrainian immigrants leaving because it's so expensive

High housing costs and underemployment among challengesNot long after Russia began bombing Ukraine, Oleksii Martynenko packed his bags and fled Kremenchuk, a once-tranquil but now war-torn city roughly 190 miles (300 kilometres) from Kyiv. He moved to Stockh...

Source: BNN Bloomberg November 16, 2023

Markets today: S&P 500 tops 4,500 as Treasury euphoria dwindles

Stocks extended their November gains on speculation the Federal Reserve will be able to achieve a soft landing as the U.S. economy remains fairly resilient and inflation shows signs of cooling. The S&P 500 topped 4,500 — though it rose at a slower pace rel...

Market Call Source: BNN Bloomberg November 16, 2023

Dennis da Silva's Top Picks: November 15, 2023

Dennis da Silva, Managing Director and Senior Portfolio Manager, Middlefield Capital Corporation FOCUS: Resource stocks  MARKET OUTLOOK: Yesterday’s U.S. consumer price index (CPI) print reinforced our view that the hiking cycle is likely over, and...

Company News Source: BNN Bloomberg November 16, 2023

Canaccord sees capital markets revenue dive 30% but wealth division gains

After another tough quarter in a two-year string of downbeat reports, Canaccord Genuity Group Inc.’s top executive said he sees some hopeful signs for the firm’s capital markets business. The Canadian investment bank and wealth management company saw reven...

Source: BNN Bloomberg November 16, 2023

TSX recap: Index inches 0.17% higher on tech, battery metals

Strength in battery metal and technology stocks helped outweigh softness in energy, lifting Canada's main stock index on Wednesday, while U.S. stock markets also rose. The S&P/TSX Composite Index closed up 34.17 points, or 0.17 per cent, at 20,057.89 after...

Source: Financialpost November 16, 2023

Deferring CPP and other 'real-life' retirement strategies

Watch personal finance expert Jason Heath on his approach to retirement planningReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Jason...