Daily News

Source: Financialpost March 05, 2024

Spring housing market resurgence could give Bank of Canada pause on rate cuts

A cut in April 'would be about the dumbest thing the central bank could do,' Scotiabank's Derek Holt says Get the latest from Barbara Shecter straight to your inbox Sign Up Most economists agree that it’s just a matter of time before the Bank of Canad...

Source: Financialpost March 04, 2024

The Magnificent Seven? More like the Magnificent Five these days

Watch investing expert Greg Taylor talk about why some of these high-flying tech stocks have come back to EarthGreg Taylor, chief investment officer at Purpose Investments, talks with Financial Post’s Larysa Harapyn about which stocks are attractive among th...

Market Call Source: BNN Bloomberg March 02, 2024

Zach Curry's Top Picks: March 1, 2024

Zach Curry, director and portfolio manager of Greenrock Capital Partners FOCUS: North American large caps MARKET OUTLOOK: Stock markets in Canada and the U.S. have continued to rally in 2024, following up from a strong (and volatile) performance in...

Source: BNN Bloomberg March 02, 2024

The Week Ahead: BoC policy announcement; Canadian labour data due

Monday, March 4 Earnings: Osisko Mining, Advantage Energy, Archer-Daniels-Midland PDAC Mining Convention, Toronto  March 3 to March 6 Tuesday, March 5 Earnings: Canfor, Pet Valu, Nuvei, Franco-Nevada, Target, Ross Stores Wednesday, Mar...

Source: BNN Bloomberg March 02, 2024

Markets today: S&P 500 posts 15th record this year as tech roars

The stock market powered ahead amid a renewed rally in technology companies, with traders also sifting through the latest remarks from a slew of Federal Reserve speakers for clues on the interest-rate path. The S&P 500 topped 5,100 — hitting its 15th recor...

Source: BNN Bloomberg March 02, 2024

Markets today: Tech lifts stocks while U.S. yields fall after data

The stock market kicked off the new month with gains fueled by technology companies. Bond yields fell as disappointing factory data and a decline in consumer sentiment solidified bets on interest-rate cuts. Equities hovered near all-time highs, following a...

Source: BNN Bloomberg March 02, 2024

TSX recap: Energy stocks drive Index 0.88 per cent higher

Canada's main stock index gained almost 200 points on Friday, helped by strength in energy stocks as the price of oil moved higher, while U.S. markets closed out the week with new record highs.  The S&P/TSX Composite Index closed up 188.74 points, or 0.88...

Source: Financialpost March 02, 2024

Canada's big banks weathering the storm as credit strain mounts

All but one of the big six beat expectations despite growing loan loss provisions Get the latest from Barbara Shecter straight to your inbox Sign Up Canada’s largest banks took higher provisions for credit losses and classified more loans as impaired...

Source: Financialpost March 02, 2024

CMHC scraps first-time homebuyer incentive

Program will no longer approve new requests after March 31Canada’s federal housing agency is scrapping a shared equity initiative intended to help make it easier for first-time buyers to crack into the housing market. We apologize, but this video has...

Source: Financialpost March 02, 2024

Trans Mountain pipeline seeks first crude deliveries

Will begin filling with crude within weeksCanada’s biggest new oil pipeline in more than a decade will begin filling with crude within weeks, according to MEG Energy Corp. We apologize, but this video has failed to load. Try refreshing your browser, o...