Daily News

Source: Financialpost March 24, 2023

Ontario deficit forecast plunges to $2.2 billion from near-$20 billion as budget unveiled

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Government reconf...

Source: Financialpost March 24, 2023

Taxpayer takes CRA to court after it dings him for RRSP overcontribution tax due to a bank error

Jamie Golombek: Errant Home Buyers' Plan payment led to case where judge called CRA 'lacking in logic and transparency' Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission...

Source: Financialpost March 24, 2023

Posthaste: Canada on cusp of rental housing crisis, says RBC, as population growth sets record

Report warns current market shortage could quadruple by 2026 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 March 24, 2023

David Rosenberg: Brace yourself, the Fed is signalling that a three-quarter recession will start in two weeks

Not just that, Jerome Powell’s preferred curve is saying the central bank will cut rates this year Stocks whipsawed in the aftermath of the United States Federal Reserve’s decision on March 22 to raise interest rates, but ultimately succumbed t...

Source: BNN Bloomberg March 23, 2023

Banks drive U.S. stock selloff after Yellen's remarks

Stocks retreated as comments from Treasury Secretary Janet Yellen rattled bank stocks and Jerome Powell dashed hopes the Federal Reserve would cut rates this year. Yellen’s testimony to lawmakers that the government is not considering expanding deposit ins...

Source: BNN Bloomberg March 23, 2023

Are bank stocks a good investment right now? Here's what experts say

Turmoil at select U.S. and European banks over the last month has prompted worries about the health of the global financial sector and has driven down bank stocks as spooked investors watched the situation play out. Despite banking worries, experts told BN...

Market Call Source: BNN Bloomberg March 23, 2023

Michael Sprung's Top Picks: March 22, 2023

Michael Sprung, president, Sprung Investment Management FOCUS: Canadian large-cap stocks  MARKET OUTLOOK: It has been one year since the U.S. Federal Reserve started to raise interest rates in order to stem the inflationary forces that were becomin...

Source: BNN Bloomberg March 23, 2023

Makeup stocks to watch: Three hot picks from Korinne Wolfmeyer

Despite challenging economic times, the beauty industry is showing signs of resilience and growth, according to one analyst. In an interview with BNN Bloomberg’s Paul Bagnell on Wednesday, Korinne Wolfmeyer, senior equity research analyst at Piper Sandler,...

Economics Source: BNN Bloomberg March 23, 2023

What Wall Street had to say about the U.S. Fed's rate hike

Wall Street widely expected the Federal Reserve to raise interest rates by 25 basis points, which is exactly what happened. But equity investors debated conflicting messages: the policy guidance shifted from “ongoing” rate increases to “some additional” polic...

Source: Financialpost March 23, 2023

Federal Reserve hikes rate, but cuts not on the table yet

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Read our coverage...