Daily News

Source: BNN Bloomberg May 29, 2024

Nvidia surges for third day as earnings rally tops US$460 billion

Nvidia Corp. shares are surging for a third day as Elon Musk fueled the artificial-intelligence frenzy by accelerating his challenge of OpenAI, extending a post-earnings rally that’s added some US$470 billion to the chipmaker’s market capitalization.  Nvid...

Company News Source: BNN Bloomberg May 29, 2024

Fitch downgrades TD Bank outlook to negative on anti-money laundering issues

Fitch Ratings Inc. says it has downgraded its outlook on TD Bank Group to negative from stable because of the potential fallout from anti-money laundering deficiencies at the bank. The credit rating agency, which at the same time affirmed its long-term cre...

Source: Financialpost May 29, 2024

Posthaste: Canada could face two more decades of stagnant growth, report warns

Country could be looking at low growth and higher inflation for next 20 years We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canada could face two more decades o...

Source: Financialpost May 29, 2024

Canadians need more time to digest new capital gains inclusion rules

Kim Moody: Scrapping the plan is best, but Canadians need enough time to seek advice after tax professionals have fully absorbed the detailsReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate comm...

Source: Financialpost May 29, 2024

Joe Oliver: The Trudeau Liberals have eroded all five pillars of prosperity

Economics says the pillars are: spending restraint, low taxes, minimal regulation, sound money, free trade. Ottawa is oh-for-fiveCanada’s standard of living is in decline, both in absolute terms and compared to our southern neighbour and other wealthy countr...

Source: Financialpost May 29, 2024

Economic conditions are there to support a rate cut, Freeland says

"Inflation has come down to its lowest point in three years," she said. "That is real progress" Get the latest from Gabriel Friedman straight to your inbox Sign Up Inflation has declined to the lowest point in three years, and the federal government h...

Source: Financialpost May 29, 2024

Bank of Canada rate cuts will take months to help consumers, Scotiabank says

Chief risk officer says it could take three quarters for cuts to make a differenceWhile expectations for lower borrowing costs are building, it will take as long as three quarters for interest-rate cuts “to really bear fruit” for bank customers, according to...

Source: BNN Bloomberg May 28, 2024

Markets today: U.S. stocks get lift from rate outlook, dollar dips

European shares edged higher in thin trading after a European Central Bank official signaled policy makers could consider successive rate cuts starting next month. Futures on the Nasdaq 100 climbed 0.4 per cent to a record high with U.S. markets closed. Ca...

Source: BNN Bloomberg May 28, 2024

Cheap European stock valuations are getting in the way of IPOs

European mid-sized stocks trading at cheap valuation levels is discouraging a number of more richly valued private companies from making the jump and listing on exchanges, investors say. After years of underperformance, mid-caps in Europe trade at the lowe...

Market Call Source: BNN Bloomberg May 28, 2024

Jason Del Vicario's Top Picks: May 27, 2024

Jason Del Vicario, portfolio manager at Hillside Wealth Management/iA Private Wealth FOCUS: North American and global growth stocks MARKET OUTLOOK: Our thoughts never waver, regardless of the macro backdrop. If anything, we favour challenging econo...