Daily News

Source: BNN Bloomberg January 18, 2024

TSX recap: Index down 1.21% in broad decline

Canada's main stock index fell more than 250 points in a broad-based decline Wednesday, while U.S. stock markets also fell.  The S&P/TSX Composite Index closed down 253.07 points, or 1.21 per cent, at 20,695.02. In New York, the Dow Jones Industrial Ave...

Source: Financialpost January 18, 2024

Posthaste: Canadians are getting sick of waiting on sidelines for housing market to improve

Fewer people say they'll hold out for home prices and interest rates to drop before jumping back into the market We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: C...

Source: Financialpost January 18, 2024

Mark Carney sees 'massive disconnect' in green finance rhetoric

Skeptical comments at odds with the wave of money going into green projectsThere’s plenty of money to be made by investing in the green energy transition, and financial professionals who say otherwise aren’t paying attention to the facts, according to Brookf...

Source: Financialpost January 18, 2024

Inflation data 'clear setback' for Bank of Canada

Watch: Desjardins' Jimmy Jean on what the latest inflation figures mean to the central bankJimmy Jean, chief economist at Desjardins, talks with the Financial Post’s Larysa Harapyn about what the latest inflation figures mean to the Bank of Canada as it prep...

Market Call Source: BNN Bloomberg January 17, 2024

Michael Hakes' Top Picks: January 16, 2024

Michael Hakes, senior portfolio manager at Murray Wealth Group FOCUS: U.S. and Global Stocks MARKET OUTLOOK: Global equities will continue to be choppy over the first quarter as the market is still expecting rate cuts sooner rather than later, but...

Source: BNN Bloomberg January 17, 2024

Stocks in for a positive year with rate cuts, economic recovery in sight: report

Stock and bond markets have a bumpy year ahead of them but will end 2024 on a positive note as they navigate the last mile of inflation and tightened monetary policy, a new report from Edward Jones says.  The investment firm’s prediction is based on three...

Source: BNN Bloomberg January 17, 2024

Markets today: U.S. bonds slide as Fed's Waller downplays need to rush

Wall Street pared its bets on Federal Reserve rate cuts on speculation the dovish bid emboldening stock and bond bulls has gone too far. Equities fell, while Treasury yields climbed with the dollar as Fed Governor Christopher Waller appeared to push back a...

Source: BNN Bloomberg January 17, 2024

TSX recap: index finishes lower amid losses in energy stocks

Canada's main stock index declined more than 100 points on Tuesday, weighed down by losses in energy and base metal stocks, while U.S. stock markets were also down. The S&P/TSX Composite Index was down 113.79 points, or 0.54 per cent, at 20,948.09. In N...

Source: Financialpost January 17, 2024

'Risk of a second wave increasing': What today's inflation numbers mean to the Bank of Canada

Inflation ticked up in December — economists weigh in on what this means to the Bank of Canada and interest ratesInflation accelerated to 3.4 per cent in December and an unexpected rise in the Bank of Canada’s preferred measures could complicate its decision...

Source: Financialpost January 17, 2024

Inflation picks up speed ahead of Bank of Canada interest rate decision

December data still running hotter than central bank targetsCanada’s annualized rate of inflation jumped to 3.4 per cent in December, a reacceleration that was widely anticipated by economists but that will likely leave the Bank of Canada in no rush to cut i...