Daily News

Source: Financialpost December 23, 2022

CRA tries to catch taxpayer who made an incorrect TFSA catch-up contribution

Jamie Golombek: The CRA refused to grant the taxpayer relief on penalties, but a judge said the taxman was in the wrong Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission...

Source: Financialpost December 23, 2022

Markets are freaking out over America's robust GDP reading

Wall Street’s major averages closed sharply lower on Thursday with the technology-heavy Nasdaq leading declines amid investor worries that data showing a resilient economy would lead the U.S. Federal Reserve to keep hiking interest rates for long...

Economy Source: Financialpost December 23, 2022

What you need to know about Canada's latest inflation numbers

Watch: Here's what November's 6.8% inflation reading means for consumers and the Bank of Canada The consumer price index increased 6.8 per cent from November 2021, down from year-over-year increases of 6.9 per cent in September and October, Sta...

Source: BNN Bloomberg December 22, 2022

U.S. stocks rally for a second day; Treasuries mixed

U.S. stocks rallied on Wednesday as an improvement in consumer confidence and better-than-expected earnings boosted sentiment. Treasuries were mixed after Tuesday’s selloff as the furore following the Bank of Japan’s unexpected increase in its yield trading b...

Source: BNN Bloomberg December 22, 2022

Will the 60/40 portfolio stage a comeback in 2023?

Putting 60 per cent of a portfolio in stocks and 40 per cent in bonds is supposed to hedge against both assets dropping simultaneously. But it didn't pan out that way in 2022. Inflation and rising interest rates whacked both asset classes, and a Bloomberg...

Source: BNN Bloomberg December 22, 2022

Energy stocks will be hot again in 2023. But now it's about dividends

After two straight years of big gains, energy stocks could outperform the market again in 2023, but this time it will be higher dividends rather than oil that will spur appetite for the sector. Sign up to get breaking news email alerts sent directly to...

Source: BNN Bloomberg December 22, 2022

TSX recap: Index finishes 1.37% higher amid broad-based gains

Canada's main stock index gained almost 1.4 per cent Wednesday with broad-based gains, particularly in energy, while U.S. markets rose further.  Sign up to get breaking news email alerts sent directly to your inbox The S&P/TSX Composite Index was u...

Market Call Source: BNN Bloomberg December 22, 2022

Kim Bolton's Top Picks: December 21, 2022

Kim Bolton, president and portfolio manager, Black Swan Dexteritas FOCUS: Technology stocks  MARKET OUTLOOK: Last week, markets were looking ahead to a consumer price index (CPI) report for November. Markets were also expecting a relatively chilled...

Source: Financialpost December 22, 2022

Posthaste: Canada's housing affordability crisis is worse than ever

62.7% of household income needed to cover home ownership costs — the worst level on record, RBC says Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made...

Source: Financialpost December 22, 2022

Eric Nuttall: $100 oil will return in 2023

Watch: Oil investors will get their reward in 2023 Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners LP, talks with Financial Post’s Larysa Harapyn about how US$100 oil will return in 2023. We apologi...