Daily News

Source: Financialpost March 15, 2024

Bank of Canada rate cut watchers starting to look past the summer

Robert McLister: Rate market on alert for signs of an inflation comeback2024 kicked off with the economy flexing more muscle than anticipated. That has the rate market spooked, as it constantly looks for signs of an inflation comeback tour. We apologi...

Source: BNN Bloomberg March 14, 2024

Markets today: stocks struggle near record before inflation data

Stocks pushed away from their all-time highs amid a slide in a handful of big techs, with traders awaiting readings on inflation and retail sales for clues on the Federal Reserve’s next steps. Equities struggled to gain traction after a rally that has defi...

Market Call Source: BNN Bloomberg March 14, 2024

Gordon Reid's Top Picks: March 13, 2024

Gordon Reid, president and CEO at Goodreid Investment Counsel FOCUS: U.S. Equities MARKET OUTLOOK: As we anticipated in our Market Outlook on our Feb. 7 appearance, markets are adapting to a “higher for longer” interest rate scenario. The competing...

Source: BNN Bloomberg March 14, 2024

Real-return bonds reap gains for Ontario health-care pension

Canadian inflation-protected securities known as real-return bonds are reaping gains for one of the country’s largest pension funds during a turbulent period for fixed-income markets. Healthcare of Ontario Pension Plan (Hoopp) became an “aggressive” buyer...

Source: BNN Bloomberg March 14, 2024

TSX recap: Index climbs 0.64% on strength in energy

Strength in the energy sector helped lead Canada's main stock index higher on Wednesday, while U.S. stock markets were mixed. The S&P/TSX Composite Index closed up 139.09 points, or 0.64 per cent, at 21,970.11. In New York, the Dow Jones Industrial Aver...

Source: BNN Bloomberg March 13, 2024

Markets today: U.S. stock traders bracing for worst shrug off hot CPI

Stocks climbed to a fresh record as the latest inflation figures did little to alter bets the Federal Reserve will cut rates this year — even if officials keep a more cautious stance for now. An equity decline that lasted just a few minutes gave way to a r...

Source: BNN Bloomberg March 13, 2024

Real estate, infrastructure losses sap Ontario Teachers' returns

Ontario Teachers’ Pension Plan gained 1.9 per cent last year, underperforming its benchmark by a wide margin, as it lowered valuations on real estate and infrastructure investments hit by higher interest rates. The write-downs also stemmed from “asset-spec...

Source: BNN Bloomberg March 13, 2024

TSX recap: Index ticks up after U.S. inflation data

Canada's main stock index posted a modest gain on Tuesday, while U.S. markets rose after the latest data on inflation. The S&P/TSX Composite Index closed up 61.81 points, or 0.28 per cent, at 21,831.02. In New York, the Dow Jones Industrial Average was...

Source: Financialpost March 13, 2024

Ontario Teachers' returns disappoint as markets soar and interest rates hit real estate

Pension plan prepared for recession and missed out on market gains Get the latest from Barbara Shecter straight to your inbox Sign Up The Ontario Teachers’ Pension Plan ended 2023 with disappointing results after allocating assets based on expectation...

Source: Financialpost March 13, 2024

Posthaste: Risks grow that the Bank of Canada will wait too long to pull the trigger on rate cuts

Now greater odds the central bank will move too late than too early, say economists We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Risks grow that the Bank of Ca...