Daily News

Market Call Source: BNN Bloomberg June 28, 2024

Lorne Steinberg's Top Picks: June 27, 2024

Lorne Steinberg, president, Lorne Steinberg Wealth Management FOCUS: Global value stocks, high-yield bonds  MARKET OUTLOOK: Market sentiment remains focused on inflation and the possibility of interest rate cuts, especially in the U.S.  While infla...

Source: Financialpost June 28, 2024

Posthaste: In British Columbia, parents are forking out $204,000 on average so their kids can buy a home

Family help to get on the property ladder has become the norm in Canada with the size of gifts soaring We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: In British Col...

Source: Financialpost June 28, 2024

Canadian oil exports stop in California to save money

More than 55 per cent oil from the expanded pipeline first journeyed south to California, where it's transfered onto crude carriersCanada’s newest oil pipeline has turbo-charged exports of the country’s heavy crude to Asia and a diversion through California...

Source: Financialpost June 28, 2024

Who covers the gas tax when the electric revolution hits?

Alberta slipped EV owners a bill for $200 to account for the wear and tear on roads their cars cause Get the latest from Gabriel Friedman straight to your inbox Sign Up Canadians have been standing at filling stations for decades, so they’re probably...

Source: Financialpost June 28, 2024

CRA, courts clamp down on siblings who spent company funds on personal travel

Disallow nearly $500,000 in write-offs put through family's Ontario dairy businessReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. One...

Source: Financialpost June 28, 2024

Fixed rates drop again; three-year mortgages remain biggest crowd-pleaser

For those not requiring short-term financing, one- and two-year mortgages are still too expensiveFixed mortgage rates slid again this week. The lowest nationally advertised uninsured two-year and five-year fixed rates dipped 11 and 10 basis points, respectiv...

Source: BNN Bloomberg June 27, 2024

Canada's largest pension fund is souring on emerging markets

Canada Pension Plan Investment Board, one of the largest investment firms globally, is seeing fewer opportunities to put money to work in emerging markets. “Our emerging markets investments have evolved over time,” CPPIB Chief Executive Officer John Graham...

Market Call Source: BNN Bloomberg June 27, 2024

Robert Gill's Top Picks: June 26, 2024

Robert Gill, senior vice-president and portfolio manager at Goodreid Investment Counsel FOCUS: Canadian equities  MARKET OUTLOOK: Markets are very volatile right now, and this is not surprising with so much going on in the world. The biggest disrup...

Source: BNN Bloomberg June 27, 2024

Micron falls after forecast fails to meet lofty expectations

Micron Technology Inc., the largest U.S. maker of computer memory chips, declined in late trading after its forecast failed to meet the sky-high expectations of some investors.  Fiscal fourth-quarter sales will be US$7.4 billion to $7.8 billion, the compan...

Source: BNN Bloomberg June 27, 2024

Markets today: S&P 500 rebounds with Nvidia shares turning higher

Stocks edged up in the final stretch of Wall Street trading, with a small group high-flying technology shares leading the way. A renewed bout of volatility hit Nvidia Corp., which rebounded a few minutes before the US close. The poster child of the artific...