Daily News

Source: Financialpost October 31, 2023

Posthaste: Why the Bank of Canada is about to take more interest rate hikes off the table

Bank's assessment of increased inflationary risks at odds with forecasts of economic weakness, Capital Economics says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthas...

Source: Financialpost October 31, 2023

'Payment shock' coming for most Canadians with mortgages, RBC says

By 2026, when $400-billion worth of mortgages are set to renew, increase in monthly payments could be as high as 48%With 60 per cent of Canadian mortgages set to come up for renewal within the next three years, homeowners are facing a “payment shock” unless...

Source: Bankofcanada October 30, 2023

Opening Statement before the House of Commons Standing Committee on Finance

Good afternoon. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Mon...

Source: Financialpost October 29, 2023

'Aggressively corny': Science has an answer for why people still wave on Zoom

The 'Zoom wave' is as much a remote-work ritual as wearing sweatpants with a business-friendly topIt happens at the end of most virtual meetings: One person waves goodbye, and colleagues follow suit. Why we still do this, nearly four years after remote work...

Source: Financialpost October 29, 2023

When to expect a Bank of Canada rate cut

Watch CIBC economist Benjamin Tal on why the Bank of Canada might start cutting rates before it hits its 2% inflation targetBenjamin Tal, deputy chief economist at CIBC, speaks with Financial Post’s Larysa Harapyn about the latest Bank of Canada interest rat...

Source: BNN Bloomberg October 28, 2023

Why bonds and GICs are a better fixed-income investment than bond funds: Dale Jackson

The myth that bond funds qualify as fixed income in an investment portfolio should finally be put to rest.    Yields on bonds and guaranteed investment certificates (GICs) have skyrocketed on the back of a nearly five per cent increase in interest rates in l...

Source: BNN Bloomberg October 28, 2023

​Retail stocks to buy despite recent pressure: analyst

Retail stocks have been under pressure as investors fear a looming recession, but one analyst has named stocks he considers a buy as consumer spending shows no signs of slowing down.    Brian Nagel, equity research analyst at Oppenheimer, told BNN Bloomberg...

Market Call Source: BNN Bloomberg October 28, 2023

Eric Nuttall's Top Picks: October 27, 2023

Eric Nuttall, partner and senior portfolio manager, Ninepoint Partners FOCUS: Energy stocks   MARKET OUTLOOK: Energy markets are grappling with an enormous amount of uncertainty, both with respect to the prospect for regional and global recessions...

Source: BNN Bloomberg October 28, 2023

S&P 500 extends drop from its July peak to 10%

A rebound in stocks sputtered, with the S&P 500 extending a slide from its July peak to 10 per cent — and entering a “correction.” Oil topped US$85 and gold hit $2,000 amid the latest geopolitical developments. Volatility resurfaced on news that Israeli fo...

Source: BNN Bloomberg October 28, 2023

The Week Ahead: GDP data due; FOMC announcement

Monday, Oct. 30 Notable data: Bloomberg Nanos Confidence Notable earnings: Athabasca Oil, Westshore Terminals, NexGen Energy, Paramount Resources, Gibson Energy, Stelco Holdings, Air Canada, Fairfax Financial Holdings, TMX Group, McDonald’s, Dye & Dur...