Daily News

Source: BNN Bloomberg April 20, 2024

Bitcoin rebounds from losses sparked by geopolitical tension

Bitcoin rebounded as a bout of acute geopolitical tension eased after earlier sparking steep drops in cryptocurrencies. The digital asset at one point Friday sank more than six per cent to US$59,643 but later steadied to change hands at $64,640 as of 10:55...

Source: BNN Bloomberg April 20, 2024

Sustainable investing on the rise, but greenwashing concerns remain: study

An increasing number of Canadian investors are interested in sustainable investing (SI), but a majority still have concerns about greenwashing and transparency in the sector, according to a new study. Mackenzie Investments’ fifth annual Earth Day Study, re...

Source: BNN Bloomberg April 20, 2024

The Week Ahead: BoC Summary of Deliberations; U.S. GDP data due

Monday, April 22 8:30 a.m.: Canada Industrial Product and Raw Materials Price Indices (March), New Housing Price Index (March) 10:30 a.m.: Bank Of Canada Market Participants Survey (first quarter) Earnings: Winpak, PrairieSky Royalty, Verizon T...

Market Call Source: BNN Bloomberg April 20, 2024

Michael Hakes' Top Picks: April 19, 2024

Michael Hakes, senior portfolio manager, Murray Wealth Group FOCUS: U.S. and global stocks  MARKET OUTLOOK: After a great first quarter, we think it will be tough for the U.S. markets to continue higher with inflation and employment remaining stick...

Source: BNN Bloomberg April 20, 2024

Experts predict less significant cut cycles from the BoC, U.S. Fed

Rate cut expectations in both Canada and the U.S. are being pared down, according to experts.  Christian Lawrence, a senior cross-asset macro strategist at Rabobank, said in an interview with BNN Bloomberg Friday that at the beginning of the year more than...

Source: Financialpost April 20, 2024

Jack Mintz: Don't go woke on taxes, Minister Freeland!

'Critical tax theory' wants white people to pay more tax. Let's stick to these guides for tax policy: efficiency, simplicity and fairnessImagine if in her Tuesday budget federal Finance Minister Chrystia Freeland announced higher taxes on capital gains — exc...

Source: Financialpost April 20, 2024

Bank of Canada leaves spring housing market in 'holding pattern'

News not all bad as central bank signals possibility of rate relief in JuneThose hoping that interest rate cuts would boost Canada’s spring real estate market will have to wait a little bit longer after the Bank of Canada once again held rates at five per ce...

Source: BNN Bloomberg April 19, 2024

Markets today: Treasuries hit as hawkish U.S. Fed views keep piling up

The world’s biggest bond market extended this month’s selloff after solid economic readings and hawkish Fedspeak reinforced speculation that interest rates will remain higher for longer. Treasuries fell across the U.S. curve — with two-year yields once aga...

Market Call Source: BNN Bloomberg April 19, 2024

Chris Blumas' Top Picks: April 18, 2024

Chris Blumas, portfolio manager, Raymond James Investment Counsel FOCUS: North American large caps   MARKET OUTLOOK: So far this year, the monthly inflation readings in the U.S. have continued to top expectations. While core inflation is down signi...

Source: Financialpost April 19, 2024

Ontario Teachers’ reportedly weighing $5 billion sale of luxury senior residences chain

Pension plan took Amica Senior Lifestyles private in 2015The Ontario Teachers’ Pension Plan is exploring a sale of luxury senior-living residences Amica Senior Lifestyles, which could be valued at about $5 billion, according to people familiar with the matte...