Daily News

Source: Financialpost December 22, 2023

This is the way to get a tax 'refund' every paycheque instead of just once a year

Jamie Golombek: One tax refund each year is essentially an interest-free loan to the government for up to 16 monthsReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases mad...

Retail & Marketing Source: Financialpost December 22, 2023

Canadians splurged in October, but spending spree not expected to last

Retail sales climbed in almost all sectors, but the slowing economy will likely curb that growth, say economists Get the latest from Naimul Karim straight to your inbox Sign Up Higher sales of motor vehicles helped push Canadian retail sales for Octob...

Source: BNN Bloomberg December 21, 2023

Markets today: U.S. stocks rally loses steam while Treasuries power on

High-flying stocks reversed course Wednesday after Wall Street warned of a pullback on the rally ignited by the Federal Reserve’s pivot last week. The Nasdaq 100 ended the day down 1.5 per cent as the tech-heavy benchmark drew back from its latest all-time...

Source: BNN Bloomberg December 21, 2023

Canadian equity financings climb despite high rates, dearth in IPOs

Canadian equity financings grew slightly this year despite a combination of challenges stemming from high interest rates, an underperforming stock market and just one initial public offering on the Toronto Stock Exchange. What’s more, bankers are forecasting...

Market Call Source: BNN Bloomberg December 21, 2023

Brian Madden's Top Picks: December 20, 2023

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK: The long-awaited U.S. Federal Reserve pivot occurred last week at the last board meeting for 2023. The U.S. central bank has giv...

Economics Source: BNN Bloomberg December 21, 2023

Expect a 'story of two halves' for the loonie next year: FX strategist

A currency expert is predicting mixed performance from the Canadian dollar next year.  Bipan Rai, global head of FX Strategy at CIBC Capital Markets, told BNN Bloomberg that he expects the loonie’s 2024 performance will be a “story of two halves.”  “We...

Source: BNN Bloomberg December 21, 2023

​Three cybersecurity stocks investors should watch: portfolio manager

Investors should look to buy into the cybersecurity space, says a portfolio manager who has a positive view of the sector due to the essential services it provides.   Francisco Bido, senior portfolio manager at Integrated Alpha, told BNN Bloomberg that he vi...

Source: BNN Bloomberg December 21, 2023

TSX recap: Broad weakness has Index down 1.15%

Canada's main stock index lost more than one per cent on Wednesday in a broad-based slump and U.S. markets also fell, as stocks took a dramatic turn in the later half of the afternoon. The S&P/TSX Composite Index closed down 238.82 points, or 1.15 per cent...

Source: Financialpost December 21, 2023

Ross McKitrick: The only thing wrong with the globalist climate agenda — the people won’t have it

Phasing out fossil fuels is going to cost way more than ordinary people will accept. Delegates to COP28 clearly didn't understand thatIt’s tempting to dismiss the outcome of COP28, the recent United Nations climate change conference in the United Arab Emirat...

Source: Financialpost December 21, 2023

5 investing lessons learned from Charlie Munger that will stand the test of time

Lessons extend beyond realm of investing; they offer a blueprint for a fulfilling and successful lifeBillionaire Charlie Munger, who passed away in November at the age of 99, spent many decades alongside Warren Buffett at the helm of Berkshire Hathaway Inc....