Daily News

Market Call Source: BNN Bloomberg January 24, 2024

Stephen Takacsy's Top Picks: January 22, 2024

Stephen Takacsy, president, CEO and CIO of Lester Asset Management FOCUS: Canadian stocks Market outlook: We see a positive environment for stocks and bonds for 2024. We have always believed that inflation was “transitory,” caused by supply and dem...

Source: BNN Bloomberg January 24, 2024

Three Hong Kong-based stocks to consider: portfolio manager

While global equity markets from the U.S. to Japan have started off strong in 2024, the Hong Kong Stock Exchange is trading at multi-decade lows – but a portfolio manager says there are still buying opportunities on the HKG. Jason Del Vicario of Hillside W...

Source: BNN Bloomberg January 24, 2024

Markets today: U.S. stocks buck concerns the 'pivot party' is over

U.S. stocks eked out a gain Tuesday, setting fresh closing highs ahead of an onslaught of company reports that promise insight into the state of the global economy.  The S&P 500 and Nasdaq 100 both closed at all-time highs for the second day this week, whi...

Source: BNN Bloomberg January 24, 2024

TSX recap: Index climbs 0.53% on strength in base metals

Strength in base metal stocks helped Canada's main stock index gain more than 100 points Tuesday, while U.S. markets were mixed. The S&P/TSX Composite Index closed up 110.29 points, or 0.53 per cent, at 21,034.59. In New York, the Dow Jones Industrial A...

Source: Bankofcanada January 24, 2024

Monetary Policy Report Press Conference Opening Statement

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement and the Bank of Canada’s Monetary Policy Report (MPR). Today, we maintained our p...

Source: Bankofcanada January 24, 2024

Monetary Policy Report – January 2024

Interest rates are working to moderate spending and inflation is easing gradually, though underlying pressures are proving per...

Source: Bankofcanada January 24, 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 January 24, 2024

Zara's billionaire owner becomes an Amazon landlord in Canada

Paid US$272 million for facility in BurnabyFast fashion billionaire Amancio Ortega’s family office has acquired a Canadian warehouse leased by Amazon.com Inc., in the latest expansion of his property portfolio. We apologize, but this video has failed...

Source: Financialpost January 24, 2024

Big CRA funding increases could be better spent elsewhere

Kim Moody: It’s long overdue to question why the CRA’s headcount is growing while its 'client experience' is less than appealingReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from...

Source: Financialpost January 24, 2024

Bank of Canada expected to hold interest rate steady, but tone could offer clues on cuts to come

Here's what economists will be watching in the central bank's decision tomorrowThe Bank of Canada will make its first interest rate decision of 2024 on Wednesday, with investors and consumers looking for clues as to when they’ll see relief from the high cost...