Daily News

Source: BNN Bloomberg October 31, 2023

​Opportunities in U.S. energy stocks: expert

While the world is eager to transition to clean energy, an investment expert says investors shouldn’t ignore energy stocks for the time being.   David McAlvany, chief executive officer of McAlvany Financial Companies, said he expects fossil fuel based energy...

Economics Source: BNN Bloomberg October 31, 2023

High interest rates are likely to 'break something': Purpose Investments CEO

Purpose Investments’ top executive says it’s still uncertain if a significant recession will occur or just a mild economic slowdown, but he believes elevated interest rates could take a toll.  Som Seif, the CEO of Purpose Investments, said in an interview...

Source: Financialpost October 31, 2023

Top headlines: Tiff Macklem says government spending muddying inflation efforts

The latest business news as it happensToday’s top headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: Tiff Macklem says government spending muddying in...

Source: Financialpost October 31, 2023

Trudeau's bashing of real estate investors shows lack of understanding about housing

Trudeau should be the lead cheerleader in attracting investments to the housing sector, not the enemyHousing construction in Canada has not kept pace with population growth since the early 1970s. But despite the evidence and the realization that insufficient...

Source: Financialpost October 31, 2023

Posthaste: Why the Bank of Canada is about to take more interest rate hikes off the table

Bank's assessment of increased inflationary risks at odds with forecasts of economic weakness, Capital Economics says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthas...

Source: Financialpost October 31, 2023

'Payment shock' coming for most Canadians with mortgages, RBC says

By 2026, when $400-billion worth of mortgages are set to renew, increase in monthly payments could be as high as 48%With 60 per cent of Canadian mortgages set to come up for renewal within the next three years, homeowners are facing a “payment shock” unless...

Source: Bankofcanada October 30, 2023

Opening Statement before the House of Commons Standing Committee on Finance

Good afternoon. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Mon...

Source: Financialpost October 29, 2023

'Aggressively corny': Science has an answer for why people still wave on Zoom

The 'Zoom wave' is as much a remote-work ritual as wearing sweatpants with a business-friendly topIt happens at the end of most virtual meetings: One person waves goodbye, and colleagues follow suit. Why we still do this, nearly four years after remote work...

Source: Financialpost October 29, 2023

When to expect a Bank of Canada rate cut

Watch CIBC economist Benjamin Tal on why the Bank of Canada might start cutting rates before it hits its 2% inflation targetBenjamin Tal, deputy chief economist at CIBC, speaks with Financial Post’s Larysa Harapyn about the latest Bank of Canada interest rat...

Source: BNN Bloomberg October 28, 2023

Why bonds and GICs are a better fixed-income investment than bond funds: Dale Jackson

The myth that bond funds qualify as fixed income in an investment portfolio should finally be put to rest.    Yields on bonds and guaranteed investment certificates (GICs) have skyrocketed on the back of a nearly five per cent increase in interest rates in l...