Daily News

Source: Financialpost September 17, 2023

Jack Mintz: B.C.’s real affordability problem is taxes

The premier says interest rates are squeezing British Columbians, but so are his tax increases B.C. Premier David Eby, concerned about the cost of living, recently asked the Bank of Canada to hold off any further interest rate hikes. As William...

Source: Financialpost September 17, 2023

Home prices levelling off as sales slow, listings rebound: CREA

Average home price was $650,140 in August, up 2.1 per cent from last year Average home prices rose slightly in August, up 0.4 per cent, while sales slowed and new listings returned to more normal levels, a sign that demand and supply are contin...

Source: Financialpost September 17, 2023

Opinion: Media training for Jordan Peterson? Really?

Was the College's order against Peterson for true education or for discipline without procedural safeguards? Last November the Ontario College of Psychologists imposed an unusual order on Dr. Jordan Peterson: “remedial” media training to “ameli...

Source: Financialpost September 17, 2023

'Everybody should just shut up': Bank of Canada's independence under pressure from political comments

Some experts are fretting about central bank's independence when it comes to monetary policy The Bank of Canada is supposed to be free from government interference, but elected officials have become more vocal about interest rates, inflation an...

Market Call Source: BNN Bloomberg September 16, 2023

Michael Hakes' Top Picks: September 15, 2023

Michael Hakes, senior portfolio manager, Murray Wealth Group FOCUS: U.S. and global stocks  MARKET OUTLOOK:  We believe the market will be choppy for the remainder of the year as the U.S. Federal Reserve stays data-driven. As we look out to 2024, w...

Source: BNN Bloomberg September 16, 2023

The Week Ahead: CPI data due; BoC Summary of Deliberations

Sunday, Sept. 17 World Petroleum Congress kicks off in Calgary and runs until Sept. 21 (Western Bureau Chief Tara Weber will be live on location Monday and Tuesday) Monday, Sept. 18 Notable data: Housing Starts (August), Industrial Product an...

Source: BNN Bloomberg September 16, 2023

U.S. stock drop has VIX rising from pre-pandemic level

Stocks fell, with a massive options event amplifying volatility and traders weighing the impacts of a strike that hit Detroit automakers while sifting through economic data before the Federal Reserve decision. Big tech led losses Friday, with giants like N...

Source: BNN Bloomberg September 16, 2023

TSX recap: Index ekes out small 0.26% gain Friday

Strength in battery metals and financial stocks helped Canada's main stock index eke out a small gain Friday, while U.S. markets fell, led by losses in tech. The S&P/TSX Composite Index closed up 54.50 points, or 0.26 per cent, at 20,622.34. In New York...

Source: Financialpost September 16, 2023

Posthaste: Canada's slowing jobs market may have perfect, hard or 'softish' landing, TD says

Bank of Canada looking for employment picture to cool to help reach inflation target We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthast...

Source: Financialpost September 16, 2023

Trudeau says home prices have climbed 'far too high'

Prime minister faces mounting pressure to act on housing affordability Justin Trudeau says home prices in Canada are too high and his government will take steps to improve affordability for residents who increasingly feel the “promise” of his c...