Daily News

Source: Financialpost November 03, 2023

Toronto home prices rise for second straight month on flat sales in October

Affordability challenges continueToronto home sales declined year-over-year in October, but prices remained elevated, exacerbating concerns over affordability in Canada’s largest city. We apologize, but this video has failed to load. Try refreshing yo...

Source: Financialpost November 03, 2023

3 tax changes you need to take care of before the end of this year

Jamie Golombek: Now's the time to consider tax-loss selling, a tax-free first home savings account and gifts to charitiesReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchas...

Source: Financialpost November 03, 2023

Posthaste: Outlook for Canadian dollar darkens in world of risks

Analysts see loonie sinking towards 71 US cents We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Outlook for Canadian dollar darkens in world of risks Back to vide...

Source: BNN Bloomberg November 02, 2023

U.S. futures slip before Fed's likely 'hawkish' hold

U.S. stock futures slipped and Treasuries edged higher ahead of the Federal Reserve interest-rate decision and the US government's new borrowing plan.  Contracts on the S&P 500 and the Nasdaq 100 dropped by about 0.3 per cent. WeWork Inc. plunged 42 per ce...

Source: BNN Bloomberg November 02, 2023

Software stocks best positioned for growth through AI: analyst

Artificial intelligence could drive growth for years to come in certain software stocks, one analyst says.    Tyler Radke, lead equity research analyst responsible for covering Global Software at Citi, told BNN Bloomberg on Wednesday that software companies...

Source: BNN Bloomberg November 02, 2023

Loonie likely to come under further pressure in 2024: strategist

The Canadian dollar could decline in the months ahead as the market underestimates the divergence which may take place between Bank of Canada and the U.S. Federal Reserve’s monetary policy, one strategist says.    The loonie is sensitive to a large monetary...

Source: BNN Bloomberg November 02, 2023

TSX today: Index up slightly on strength in utilities

Strength in the utility stocks helped lead Canada's main stock index higher in late-morning trading, while U.S. stock markets also rose. The S&P/TSX Composite Index was up 86.36 points, or 0.46 per cent, at 18,959.83. In New York, the Dow Jones Industri...

Market Call Source: BNN Bloomberg November 02, 2023

Robert Gill's Top Picks: November 1, 2023

Robert Gill, senior vice president and portfolio manager, Goodreid Investment Counsel FOCUS: Canadian large caps  MARKET OUTLOOK: Markets are very volatile right now and this is not surprising with so much going on. The biggest disruptions right no...

Source: Financialpost November 02, 2023

Posthaste: These three provinces are the best places to weather Canada's coming storm

Once again, commodities are key We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: These three provinces are the best places to weather Canada's coming storm Back to...

Source: Financialpost November 02, 2023

Surging prices just dealt a severe blow to housing affordability and the outlook is ‘moribund’

Increase in interest rates, population not helping, say National Bank of Canada economistsHousing affordability in Canada was dealt a major blow in the third quarter as surging prices wiped out most of the gains made earlier in the year, according to the Nat...