Daily News

Source: Financialpost June 06, 2024

RBC leads big banks to cut prime rate to 6.95% following Bank of Canada

Canada's biggest banks are reducing their lending ratesThe Bank of Canada cut its key interest rate Wednesday and Canadian banks are following suit. We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other vid...

News Source: Financialpost June 06, 2024

Posthaste: Canadians divided on the economy and whether now is a good time to invest

People in the prairie provinces are less inclined to invest, while people in Quebec are more optimistic We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canadians div...

Economy Source: Financialpost June 06, 2024

Bank of Canada seen cutting interest rates three more times this year

What the economists say about the central bank's first cut in more than four yearsThe Bank of Canada cut its key overnight interest rate to 4.75 per cent on Wednesday and economists believe more relief is on the way. Though the move was widely expected, it i...

Source: BNN Bloomberg June 05, 2024

Stock pickers defy Wall Street norm to risk it all on a few bets

For active managers who spread out their bets across the world’s largest stock market, these are harsh times on Wall Street.  A historically small number of Big Tech firms keep driving equity indexes to new highs — in an era when cheap passive funds are gr...

Source: BNN Bloomberg June 05, 2024

Markets today: Stocks fall and bonds rise with economy in focus

Stocks fell and bonds rose as traders awaited readings on job openings and factory orders for clues on the state of the economy and the outlook for interest rates. Oil sank. A risk-off tone prevailed on Tuesday, with equities under pressure on speculation...

Market Call Source: BNN Bloomberg June 05, 2024

Zach Curry's Top Picks: June 4, 2024

Zach Curry, director and portfolio manager, Greenrock Capital Partners FOCUS: North American stocks MARKET OUTLOOK: Stock markets in Canada and the U.S. have continued to rally in 2024, with the focus on interest rates – their direction and timing...

Source: Bankofcanada June 05, 2024

Monetary Policy Decision Press Conference Opening Statement

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement. Governing Council decided monetary policy no longer needs to be as restrictive a...

Source: Bankofcanada June 05, 2024

Bank of Canada reduces policy rate by 25 basis points

The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization. The g...

Source: Financialpost June 05, 2024

Gwyn Morgan: Ottawa's EV mandate is in trouble and that's a good thing

All the new electrical generation and metal mining required means EVs don't have a hope of getting up to speed in the 11 years leftThe federal government has mandated that all new light duty vehicles be electric by 2035. Achieving that goal would require vas...

Source: Financialpost June 05, 2024

Posthaste: Hoping Bank of Canada rate cut will spark housing boom? — don't hold your breath

Recovery, especially in home building, will take time, warn economists We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Hoping Bank of Canada rate cut will spark hous...