Daily News

Source: Bankofcanada April 12, 2023

Bank of Canada maintains policy rate, continues quantitative tightening

The Bank of Canada today held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening. Inflat...

Source: Bankofcanada April 12, 2023

Monetary Policy Report Press Conference Opening Statement

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement and the Bank of Canada’s Monetary Policy Report (MPR). Today, we ma...

Source: Financialpost April 12, 2023

Twitter becomes X Corp as Elon Musk advances 'everything app' hopes

It’s unclear what the change means for Twitter Twitter Inc. has ceased to be an independent company after merging with a newly formed shell firm called X Corp., driving speculation about what Elon Musk intends for the social media platform....

Source: Financialpost April 12, 2023

Posthaste: Why these economists think the Bank of Canada’s next move will be a cut

Most expect a hold tomorrow but what happens after that is up for debate Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page....

Source: Financialpost April 12, 2023

CRA workers move to strike for higher wages, but time for big raises may have already passed

Victoria Wells: Recent data suggests wage growth will slow going forward Canada Revenue Agency workers have voted to strike if they don’t win some steep wage increases from the federal government, but recent data suggests the time for big, infl...

Source: BNN Bloomberg April 11, 2023

U.S. stocks shake off fear of next rate hike; dollar up

U.S. stocks eked out a gain while the dollar climbed in holiday-thinned trading as investors contemplate one more Federal Reserve interest-rate hike following Friday’s U.S. jobs data. The S&P 500 benchmark rose 0.1 per cent after falling as much as 0.8 per...

Source: BNN Bloomberg April 11, 2023

Undervalued health care stocks: Three hot picks from Eden Rahim

Health care stocks are being mispriced in the markets, leaving room for investors to benefit, according to one portfolio manager. Speaking with BNN Bloomberg’s Amber Kanwar on Monday, Eden Rahim, portfolio manager and options strategist at Next Edge Capita...

Market Call Source: BNN Bloomberg April 11, 2023

Rob Lauzon's Top Picks: April 10, 2023

Rob Lauzon, chief investment officer, Middlefield Capital Corporation FOCUS: North American dividend equities  MARKET OUTLOOK: Despite a more benign interest rate environment, the risk of tightening credit conditions has not gone away. While we do...

Source: Financialpost April 11, 2023

Rise in short bets against TD is much ado about nothing, analysts and investors say

Those looking for a bank crisis in Canada will likely end up disappointed Get the latest from Stephanie Hughes straight to your inbox Sign Up Toronto-Dominion Bank’s outsized exposure to the U.S. may have put it in the crosshairs of s...

Source: Financialpost April 11, 2023

Posthaste: More Canadians in 'terrible' financial shape as they tap savings to cope with rising prices

The highest number of Canadians are struggling since the dark days of the pandemic Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on...