Daily News

Source: Financialpost April 15, 2024

Apartment rent growing faster than condo rent as new supply comes online: report

Purpose-built rental apartment rents up 12.7%, while condominium rents up 3.9%The Canadian rental market is showing signs of divergence, with purpose-built rental apartment rents accelerating more quickly than those for condominium units. We apologize...

Source: BNN Bloomberg April 13, 2024

Markets today: U.S. stocks get hit as war jitters fuel rush to bonds

The financial world was roiled by a flare-up in geopolitical risks that sent stocks sliding — while spurring a flight to the safest corners of the market such as bonds and the dollar. Oil rose. Equities saw their worst day since January after a news report...

Source: BNN Bloomberg April 13, 2024

The Week Ahead: Canadian federal budget, Netflix earnings

Monday, April 15 8:15 a.m.: Housing starts for Canada (March)   8:30 a.m.: Manufacturing sales and orders for Canada (February) Wholesale trade (February) U.S. retail sales (March) Earnings: EQB Inc., M&T Bank, Charles Schwab, Goldman Sachs...

Source: BNN Bloomberg April 13, 2024

Boeing shares on longest losing streak since 2018

The turmoil at Boeing Co. has put the planemaker’s shares on their worst run since its 737 Max aircraft was involved in a deadly crash off Indonesia five years ago.  The recent troubles started early this year after a panel covering an unused door blew out...

Source: Financialpost April 13, 2024

What 30-year amortizations mean for mortgage consumers

Launches Aug. 1 for default-insured first-time buyers purchasing newly built homesDespite Wednesday’s jump in U.S. inflation, the Bank of Canada meeting and Canada’s 14-basis point eruption in 5-year bond yields, our leading mortgage rates are still flat ver...

Source: Financialpost April 13, 2024

How U.S. inflation's 'bumpy ride' could threaten Canadian mortgage rates

Robert McLister: Spike in bond yields a reminder that Canada does not control its own destiny on ratesLast December, Bank of Canada governor Tiff Macklem suggested we’d ride an economic rollercoaster on the way back to two per cent inflation. “We can’t rule...

Source: Financialpost April 13, 2024

OSFI confirms new limits on banks' mortgages to highly indebted borrowers

Monitoring of banks' mortgage portfolios will begin next year Get the latest from Barbara Shecter straight to your inbox Sign Up Canada’s top banking regulator will begin tracking and limiting how many highly leveraged borrowers banks have on their mo...

Source: Financialpost April 13, 2024

Opinion: The dirty, but not so little secrets of the federal carbon tax

Small business was promised carbon tax rebates. But they have received nothing so far and now their share is being cut almost in halfBy Dan Kelly We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other vid...

Economy Source: Financialpost April 13, 2024

Most Canadians don't feel like the economy is doing better, poll finds

Data show a stronger economy, but Canadians say they are worse off in their day-to-day livesDespite forecasts for stronger-than-expected growth in early 2024, a majority of Canadians just don’t like where the economy is headed, according to the latest result...

Source: BNN Bloomberg April 12, 2024

Markets today: 'Mag Seven' power stocks in run-up to U.S. earnings

The world’s largest technology companies drove a rebound in stocks, with traders bracing for a deluge of results from Corporate America that will test this year’s US$4 trillion rally. Earnings season kicks into full swing Friday, with JPMorgan Chase & Co.,...