Daily News

Economy Source: Financialpost March 22, 2024

Canada to put a cap on temporary residents for the first time

Caps on students, asylum seekers and temporary workers to be introduced this fall Get the latest from Naimul Karim straight to your inbox Sign Up Prime Minister Justin Trudeau’s government will be limiting the number of temporary residents entering Ca...

Source: BNN Bloomberg March 21, 2024

Markets today: S&P 500 closes at historic 5,200 mark after Fed

Wall Street traders sent stocks to fresh all-time highs as the Federal Reserve signaled it’s on track to cut interest rates for the first time since the onset of the pandemic. In a historic move, the S&P 500 topped 5,200 on speculation that the end of the...

Source: BNN Bloomberg March 21, 2024

TSX recap: Index gets 0.85% boost after U.S. Fed announcement

U.S. markets got a boost from the U.S. Federal Reserve's latest interest rate announcement, moving higher in the afternoon while Canadian markets followed suit.  The S&P/TSX Composite Index closed up 185.13 points, or 0.85 per cent, at 22,045.71. In New...

Source: BNN Bloomberg March 21, 2024

Reddit IPO prices at top of range to raise US$748 million

Reddit Inc. and its selling shareholders raised US$748 million, pricing shares in an initial public offering at the top of a marketed range, according to people familiar with the matter. The social media platform, along with its top executives and other em...

Market Call Source: BNN Bloomberg March 21, 2024

Kim Bolton's Top Picks: March 20, 2024

Kim Bolton, president and portfolio manager of Black Swan Dexteritas FOCUS: Technology stocks  MARKET OUTLOOK: Your Black Swan Dexteritas team believes the recipe for success in 2024 revolves around active management. We will continue to trim those...

Source: BNN Bloomberg March 21, 2024

Alimentation Couche-Tard reports lower earnings amid economic headwinds

Alimentation Couche-Tard Inc. says net earnings attributable to shareholders totalled US$623.4 million in its third quarter, down 15.5 per cent from US$737.4 million a year earlier.  The Laval, Que.-based company, which reports in U.S. dollars, says revenu...

Source: Bankofcanada March 21, 2024

Getting to a new normal

Deputy Governor Toni Gravelle speaks about how the Bank of Canada will manage its balance sheet once quantitative tightening ends. Watch Deputy Gove...

Source: Financialpost March 21, 2024

Ontario to lead national surge in cottage prices, says Royal LePage

Gains of 8% forecast for the province and 5% nationallyOntario is poised to lead the pack in cottage price appreciation across Canada in 2024, according to a forecast by real estate franchiser Royal LePage. Single-family recreational homes in the province a...

Source: Financialpost March 21, 2024

3 things to consider when trying to help adult children out financially

Ted Rechtshaffen: The risk is always whether you can afford to make a gift in the first placeReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on thi...

Source: Financialpost March 21, 2024

David Rosenberg: Bank of Canada is going to have to cut rates sooner and harder than the Fed

There has never been a time when a debt-service ratio this high failed to precipitate a recessionThere were several items that came out of the fourth-quarter national balance sheet data in Canada that leave us with a view that any positive “wealth effect” on...