Daily News

Source: Financialpost March 23, 2024

David Rosenberg: Memo to Tiff Macklem — don’t make another mistake in the other direction

Why wait until the summer to cut interest rates, when the next meeting is just weeks away?It’s time for the Bank of Canada to stop being scared of its own shadow. The central bank made a mistake in one direction (as did most central banks) when it was late o...

Source: BNN Bloomberg March 22, 2024

Markets today: S&P 500 hits 20th record this year in risk-on push

The relentless rally in stocks powered ahead on optimism the Federal Reserve will be able to engineer a soft landing, which would bolster the outlook for corporate earnings. A fresh bout of risk-taking drove the S&P 500 to its 20th record this year, led by...

Source: BNN Bloomberg March 22, 2024

After IPO, Reddit 'can't please everyone,' Wedbush analyst says

As Reddit securities began trading, one analyst says the company won’t be able to please everyone.  Michael James, senior vice president of equity trading at Wedbush Securities, said in an interview with BNN Bloomberg on Thursday that some are worried Redd...

Source: BNN Bloomberg March 22, 2024

Canada's S&P/TSX Composite sets new closing high

Canada’s equities benchmark index closed at a new all-time high Thursday on the backs of bank stocks, surging commodity prices and a rally in the country’s growing tech sector. The S&P/TSX Composite Index climbed to 22,087.26, setting its first record sinc...

Source: BNN Bloomberg March 22, 2024

Reddit pares gains in trading debut after US$748-million IPO

Reddit Inc. shares eased back from highs Thursday after jumping as much as 67 per cent above their initial public offering price, a day after the social media company and its shareholders raised US$748 million. The San Francisco-based company’s shares trad...

Market Call Source: BNN Bloomberg March 22, 2024

Christine Poole's Top Picks: March 21, 2024

Christine Poole, CEO and managing director, GlobeInvest Capital Management FOCUS: North American large-cap stocks  MARKET OUTLOOK: Inflation is moderating; however, recent reports indicate it is receding at a slower pace than many had anticipated a...

Source: BNN Bloomberg March 22, 2024

TSX recap: Index ekes out new record closing high

Canada's main stock index rose Thursday to scrape out a new all-time closing high, while U.S. markets continued to set their own records.  The S&P/TSX Composite Index closed up 41.55 points, or 0.19 per cent, at 22,087.26. In New York, the Dow Jones Ind...

Source: Financialpost March 22, 2024

Posthaste: Who says cities are dead? These four are driving Canada's economy

Biggest cities accounted for almost half of GDP and employment We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Who says cities are dead? These four are driving Ca...

Source: Financialpost March 22, 2024

'Wow, nobody wants to buy us': Investors exit as gold prices surge

Central banks are buying gold while investors are selling it in an example of how geopolitical shifts are affecting commodities Get the latest from Gabriel Friedman straight to your inbox Sign Up Two decades ago, rising gold prices launched a historic...

Source: Financialpost March 22, 2024

5 tax changes to watch out for in the upcoming federal budget

Jamie Golombek: Possibilities include changes to the capital gains inclusion rate, retirement taxes and top tax bracketReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases...