Daily News

Economy Source: Financialpost October 26, 2023

Bank of Canada expected to hold interest rates this morning, keep hawkish bias

The slowdown has arrived — and with it, the likely end of a historic campaign of rate increasesThe slowdown economists have been warning about has arrived in Canada — and with it, the likely end of the Bank of Canada’s historic campaign of rate increases....

Source: BNN Bloomberg October 25, 2023

Young women should invest differently — and more seriously — than men, experts say

Age and income are usually the biggest factors in determining one’s investment strategy, but some personal finance experts believe it’s time for gender to become a larger part of the decision-making process. Women are more likely than men to experience a w...

Source: BNN Bloomberg October 25, 2023

Airline stocks best positioned to for economic downturn: expert

Airline stocks have been under pressure as they battle with rising fuel costs and higher interest rates, but one investment professional says continued travel demand and strong balance sheets will help offset any economic downside. Savanthi Syth, managing...

Source: BNN Bloomberg October 25, 2023

Nasdaq 100 climbs 1% as earnings season picks up

Stocks rose after their longest slide this year, with bond-market volatility abating and traders wading through a raft of earnings for clues on the outlook for Corporate America. Oil slid below US$84 a barrel. The S&P 500 halted a five-day drop while the N...

Market Call Source: BNN Bloomberg October 25, 2023

Brian Acker's Top Picks: October 24, 2023

Brian Acker, president, CEO and chief investment strategist at Acker FOCUS: North American large caps  MARKET OUTLOOK: For the last 10 years, I have been recommending U.S. dollar-dominated assets for Canadian investors. Over the last year and a bit...

Source: Bankofcanada October 25, 2023

Monetary Policy Report – October 2023

Higher interest rates are working to ease price pressures in Canada and inflation is coming down, though progress to the 2% target is slow. The Bank pro...

Source: Bankofcanada October 25, 2023

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. The global ec...

Source: Bankofcanada October 25, 2023

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...

Source: Financialpost October 25, 2023

Look for 'hawkish hold' from Bank of Canada, says strategist

Watch strategist Karl Schamotta on next moves for the Bank of Canada and Federal ReserveKarl Schamotta, chief market strategist at Corpay, talks with Financial Post’s Larysa Harapyn about the Canadian and U.S. economies and next moves for the Bank of Canada...

Source: Financialpost October 25, 2023

Posthaste: Canadians finding mortgage payments ‘very difficult’ have doubled since March

Poll finds debt anxiety is rising More Canadians are struggling with the higher cost of mortgage debt, and anxiety is rising for those who face renewal on the horizon, says a new survey. The Bank of Canada has raised interest rates 10 times in its battle...