Daily News

Source: Financialpost June 20, 2023

Canada's housing market may not be as risky as the IMF thinks

A review of housing markets and borrowers shows risk are stable and in some cases improving Statements from normally credible sources about Canada’s heightened housing market risks have alarmed consumers, investors, lenders and policymakers ali...

Source: Financialpost June 20, 2023

Here's how to make your dream of owning a home in Canada come true

No house yet? These tips will help you buy your first property Gokul Prasad, a 31-year-old digital marketer originally from India, came to Canada in January 2021 with one main goal in mind: owning a home. THIS CONTENT IS RESERVED FOR SU...

Source: Financialpost June 20, 2023

Canadians opting for shorter-term mortgages on hopes interest rates will drop

Fixed one and three year are the most popular OTTAWA — With mortgage rates at their highest level in more than a decade, homeowners and prospective buyers tend to focus on getting the best rate. While shopping around, however, experts say borro...

Source: Financialpost June 20, 2023

Working from home is becoming a once-a-week treat for more office goers

More companies testing the post-pandemic norm of 2 to 3 days in the office in a sign that power is returning to employers A small but growing list of big-name companies like BlackRock Inc., Walt Disney Co. and Chipotle Mexican Grill Inc. are ta...

Source: Financialpost June 20, 2023

Posthaste: Canada's housing market rebound has beat expectations, but don't expect it to last

Bank of Canada rate hikes will once again put a damper on demand, say economists We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Ca...

Economy Source: Financialpost June 20, 2023

Mass immigration experiment giving Canada an edge in global race for labour

Country’s population growth is among fastest in the world, bolstering the economy while creating strains in big cities At a time industrialized countries around the world are confronting declining birth rates and aging workforces, Canada is at...

Source: Financialpost June 18, 2023

Housing affordability will deteriorate unless we act soon: CMHC chief economist

'I'm actually worried that affordability is going to deteriorate rather than improve' TORONTO — When Bob Dugan surveys the future of Canada’s housing market, he doesn’t see the rosy picture many long for. THIS CONTENT IS RESERVED FOR SU...

Source: BNN Bloomberg June 17, 2023

U.S. stocks halt winning streak with big options test

A seemingly unstoppable advance fueled by Wall Street’s obsession over anything related to artificial intelligence took a breather on Friday, with the market facing the test of a massive options expiration. The tech-heavy Nasdaq 100 underperformed major be...

Source: BNN Bloomberg June 17, 2023

​Loonie rises on back of U.S. dollar weakness

The Canadian dollar rose against the greenback for the first time in months.    The loonie rose to 75 cents U.S. against the U.S. dollar for the first time since last September, driven by the Bank of Canada’s more aggressive approach to interest rate hikes c...

Market Call Source: BNN Bloomberg June 17, 2023

Gavin Graham's Top Picks: June 16, 2023

Gavin Graham, chief investment officer, SmartBe Investments FOCUS: North American equities  MARKET OUTLOOK: The decision by the Bank of Canada to raise interest rates last week by 0.25 per cent to 4.75 per cent, the highest since 2001, shows its paus...