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Source: Financialpost June 22, 2024

Nesto buys Canada's third-largest mortgage finance company

Combination with CMLS puts more than $60 billion in mortgages under its administrationDigital mortgage lender Nesto has acquired the third-largest mortgage finance company in Canada, CMLS Group, which it says makes it the largest technology-enabled lender in...

Source: Financialpost June 22, 2024

It's prime time to haggle for better mortgage rates

Robert McLister: Always demand better than a mortgage salesperson’s first offerIt’s been a downpour of fixed-rate cuts this week as mortgage lenders match plunging bond yields. We apologize, but this video has failed to load. Try refreshing your browser,...

Source: Financialpost June 22, 2024

Opinion: How to solve our housing crisis in one fell swoop

Get government out of the business of regulating and encouraging housing. Nothing does more to hinder those who could get the job donePrime Minister Justin Trudeau has made increasing housing a top priority by committing to “the most comprehensive and ambiti...

Source: Financialpost June 22, 2024

Posthaste: Canadians would trade pay for a pension as interest rates hit retirement dreams

Impaired ability to save has left almost half unable to put anything aside from last year to this year for their retirement, survey finds We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our...

Source: Financialpost June 22, 2024

American invasion: Why so many U.S. fast food chains are charging into Canada

Here are the chains making a run for the northern border and why they believe Canadians have a growing appetite for fast foodIn relatively short order, Canada has become a hotbed for fast food expansion from the United States. We apologize, but this vide...

Economy Source: Financialpost June 22, 2024

Canada retail sales likely headed for a fall after April rebound

Weakness in consumer spending will keep more Bank of Canada rate cuts on the tableCanadian retail sales likely dropped last month, nearly wiping out all of April’s gains and highlighting weakness in consumer spending that will keep more Bank of Canada rate c...

Source: BNN Bloomberg June 21, 2024

Brookfield Business Partners slips as hack hits car dealers

Brookfield Business Partners LP had its worst trading day since October after one of its top investments, a software provider for car dealerships, fell victim to a cyberattack.  Canadian-listed shares of the Toronto-based private equity firm closed down 5....

Market Call Source: BNN Bloomberg June 21, 2024

Colin Cieszynski's Top Picks: June 20, 2024

Colin Cieszynski, chief market strategist, SIA Wealth Management Focus: Technical analysis, Canadian, U.S. stocks  MARKET OUTLOOK: North American markets have continued to rally into June, with the S&P 500 Index and the Nasdaq Composite reaching ne...

Source: BNN Bloomberg June 21, 2024

Markets today: U.S. stocks show signs of buyer exhaustion after rally

Stocks retreated after a rally to all-time highs spurred calls for a near-term pullback amid signs of buyer fatigue. The S&P 500 briefly topped 5,500 before losing traction — while still remaining above a technical threshold that typically hints at an over...

Source: BNN Bloomberg June 21, 2024

S&P poised to reach 6,000 this year before big drop, Stifel says

The S&P 500 Index could rally close to an additional 10 per cent this year, if past market manias are any guide, according to Stifel, Nicolaus & Co. But like prior “bubble” episodes, this one eventually has to pop too, the firm’s chief equity strategist says....