Daily News

Source: Financialpost June 13, 2024

Posthaste: How much are variable-rate mortgage holders saving after the rate cut?

The average yearly savings in Toronto and Vancouver amounts to $1,860 and $1,994, respectively We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: How much are variable-...

Company News Source: BNN Bloomberg June 12, 2024

Apple unveils 'AI for the rest of us' in bid to retake spotlight

Apple Inc. took the wraps off long-awaited new artificial intelligence features, including a partnership with ChatGPT maker OpenAI, betting that a personalized and understated approach to the technology will win over customers. A new AI platform called App...

Source: BNN Bloomberg June 12, 2024

Markets today: U.S. stocks rise as solid Treasury sale spurs CPI bets

Stocks joined bonds higher after a solid $39 billion Treasury sale triggered speculation that Wednesday’s inflation reading will help make the case for the Federal Reserve to cut rates this year. Big tech led gains in equities as Apple Inc. jumped to a rec...

Source: BNN Bloomberg June 12, 2024

Allied Properties cut to junk by Moody’s on office vacancy woes

Moody’s Ratings downgraded Allied Properties Real Estate to junk status on Tuesday, citing the Canadian office landlord’s high debt levels, as well as weakening occupancy rates that will weigh on its ability to meet its obligations.   The bond grader cut t...

Source: BNN Bloomberg June 12, 2024

Private equity faces 'lost generation’ on higher interest rates

Private equity has to contend with a “lost generation” as interest rates remain higher for longer, according to Ontario Teachers’ Pension Plan Chief Strategy Officer Jonathan Hausman. “In the private equity world, we’re probably looking at a little bit of...

Market Call Source: BNN Bloomberg June 12, 2024

Gordon Reid's Top Picks: June 11, 2024

Gordon Reid, president & CEO, Goodreid Investment Counsel FOCUS: U.S. equities MARKET OUTLOOK: Now it gets interesting. The U.S. economy is showing some signs of fatigue – expected given the persistence of the U.S. Federal Reserve, but surprising t...

Source: BNN Bloomberg June 12, 2024

Apple hits first record this year on hopes AI will fuel upgrades

Apple Inc. shares rallied to their first record since December on Tuesday, as investor sentiment around the iPhone maker continues to improve. Shares soared 7.3 per cent to US$207.15 in their biggest one-day jump since November 2022. The gain added $215.1...

Source: Bankofcanada June 12, 2024

Central banking: Navigating in a new world

Good afternoon. It’s always great to be back in Montréal, my hometown. And I could not be more pleased to be here with Joachim Nagel, President of the D...

Source: Financialpost June 12, 2024

Liberals playing with inclusion rates is divisive politics at its worst

Kim Moody: For those who believe the messaging and think it is necessary to solve income and wealth inequality, think again.Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purc...

Source: Financialpost June 12, 2024

Canadian investor inspired by Warren Buffett sinks after founder sells

Tiny Ltd. lost about $80 million in market capitalization by the end of trading on MondayCanadian holding company Tiny Ltd. plunged 16 per cent on Monday after its founders stepped down as co-chief executives and one of them said he’d sell millions of shares...