Daily News

Source: BNN Bloomberg March 06, 2024

Bitcoin’s market value touches record as token’s price nears all-time high

Bitcoin’s price is in sight of an all-time high and the crypto faithful are on tenterhooks waiting for a never-before-seen level. But in market value terms the token already touched a record. The market capitalization of Bitcoin reached US$1.35 trillion, s...

Source: BNN Bloomberg March 06, 2024

TSX recap: Index mostly flat, U.S. markets dip

Canada's main stock index moved a hair lower on Tuesday, while U.S. markets fell, led by the Nasdaq losing 1.65 per cent.  The S&P/TSX Composite Index closed down 5.14 points, or 0.02 per cent, at 21,525.93. In New York, the Dow Jones Industrial Average...

Source: Bankofcanada March 06, 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. This is the first time we’re speaking to you on the day of a policy decision tha...

Source: Financialpost March 06, 2024

Fall in battery metal prices a concern for Canada and allies, says Jonathan Wilkinson

Supply key to three battery plants to be built here in coming years Get the latest from Naimul Karim straight to your inbox Sign Up Slumping prices for the minerals needed in the energy transition away from fossil fuels is a concern for Canada and its...

Source: Bankofcanada March 06, 2024

Bank of Canada maintains policy rate, continues quantitative tightening

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global econom...

Source: Financialpost March 06, 2024

Matthew Lau: Rapid public-sector growth means flat living standards for us

The Trudeau government’s aggressive regulatory initiatives and tax-and-spend agenda have severely harmed Canada’s investment climateCanada’s fourth-quarter GDP numbers were published last week, and while the economy barely dodged the technical definition of...

Source: Financialpost March 06, 2024

Personal tax credits sound great, but they have a cost that quickly adds up

Kim Moody: Small-dollar personal credits are obvious examples of politics entering the taxation systemReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through lin...

Source: Financialpost March 06, 2024

The real story behind Canada's lagging stock market

Rosenberg Research: Go overweight in these sectors for better returnsBy Bhawana Chhabra We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. The real story behind Canada's laggi...

Source: Financialpost March 06, 2024

Posthaste: Mortgage delinquency rates in Ontario and B.C. soar as higher payments bite

Sharp increase in mortgage borrowers filing for bankruptcy called 'worrying trend' We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Mortgage delinquency rates in O...

Source: Financialpost March 06, 2024

Bank of Canada rate cut risks igniting housing market

Watch CIBC's Benjamin Tal on the timeline for a Bank of Canada interest rate cutBenjamin Tal, deputy chief economist at CIBC Capital Markets, talks about the timeline for a Bank of Canada interest rate cut, the state of the labour market and the risk to the...