Daily News

Economy Source: Financialpost July 01, 2023

Canada's economy regains momentum, leaving July rate hike on table

Growth on track to beat expectations in second quarter Canada’s economy regained momentum in the second quarter, reinforcing the case for a July rate hike even as inflation slowed last month. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONL...

Source: BNN Bloomberg June 30, 2023

Treasury yields spike as data fuel U.S. Fed hike bets

Treasury yields surged after data showing U.S. economic strength bolstered speculation the Federal Reserve will have room to raise interest rates twice more this year. Bonds fell across the curve, with two-year yields jumping 16 basis points to 4.87 per ce...

Source: BNN Bloomberg June 30, 2023

TSX recap: Index up 0.48% on energy gains

Canada's main stock index gained almost 100 points Thursday, led by gains in energy and financial stocks, while U.S. markets were mixed.  The S&P/TSX Composite Index was up 94.32 points, or 0.48 per cent, at 19,913.17. In New York, the Dow Jones Industr...

Source: Financialpost June 30, 2023

Immigration surge bypasses Quebec City, leaving firms struggling

Received fewer than 20,000 immigrants over the past six years In Quebec City, majestic stone fortifications have stood for hundreds of years, a monument to the days when French colonists erected them to keep out the enemy. Today, the city faces...

Source: Financialpost June 30, 2023

First home savings account rules can get tricky when partners are involved

But if you do qualify contributing to an FHSA is truly without risk Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. A...

Source: Financialpost June 30, 2023

Homebuilding costs in Canada soar 51% as population surges

'The cost of building a home in Canada … has never been higher' Surging construction costs in Canada are putting new pressure on home prices, worsening a severe affordability crunch, according to the nation’s largest lender. THIS CONTEN...

Source: Financialpost June 30, 2023

Inflation has hidden costs that go beyond higher prices, says Bank of Canada

Consumers need to allocate time, effort and funds to planning, budgeting and shopping High inflation is imposing additional costs on businesses and households, which must allocate more time and energy to navigate changing prices, the deputy gov...

Economy Source: Financialpost June 30, 2023

Ontario’s explosive population growth could come with an economic catch

Surge in non-permanent residents might not last, putting the province’s growth on potentially shaky ground, says Desjardins Ontario’s surging population growth is being driven by an increase in non-permanent residents that might not last, putti...

Market Call Source: BNN Bloomberg June 29, 2023

Stephen Takacsy's Top Picks: June 28, 2023

Stephen Takacsy, president, chief executive officer and chief investment officer, Lester Asset Management FOCUS: Canadian stocks   MARKET OUTLOOK: Equity and fixed-income markets have been volatile so far in 2023 on fears of further rate hikes, rec...

Source: BNN Bloomberg June 29, 2023

TSX recap: Index finishes 0.43% higher amid gains in energy stocks

Canada's main stock index posted modest gains Wednesday as gains in energy and technology, among other sectors, helped outweigh weakness in base metals, while U.S. markets were mixed.  The S&P/TSX Composite Index was up 85.76 points, or 0.43 per cent, at 1...