Daily News

Source: BNN Bloomberg May 23, 2024

S&P/TSX Composite down as energy and base metal stocks fall, U.S. markets also lower

Canada's main stock index was down more than 100 points Wednesday, weighed down by losses in base metal and energy stocks, while U.S. stock markets also moved lower ahead of after-market earnings from Nvidia.  The S&P/TSX Composite Index closed down 121.40...

Source: Financialpost May 23, 2024

Woman mortgage-free at 42 wonders what to do with the extra cash

Stephanie put off saving for retirement in favour of making extra mortgage payments, so where to put her money now?Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases mad...

Source: Financialpost May 23, 2024

‘All eyes on TD’ and U.S. probes as Canadian bank earnings begin

The bank faces investigations by the U.S. Department of Justice and three other regulatory agenciesToronto-Dominion Bank and its U.S. money-laundering woes are set to dominate the start of Canadian bank earnings season this week. We apologize, but thi...

Source: Financialpost May 23, 2024

OSFI flags mortgage renewals and real estate lending as top financial risks

Banking watchdog says higher mortgage payments will increase loans falling into arrears or defaults Get the latest from Barbara Shecter straight to your inbox Sign Up Canada’s top bank regulator says the biggest red flags on the country’s financial ho...

Source: Financialpost May 23, 2024

Posthaste: Canada at 'critical turning point' as poverty worsens, warns report

Visits to food banks up 50% We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canada at 'critical turning point' as poverty worsens, warns report Back to video...

Source: BNN Bloomberg May 22, 2024

Crypto lifted by Ether's biggest jump since 2022 on ETF outlook

Crypto prices have surged on signs of momentum toward U.S. approval of exchange-traded funds investing directly in the second-largest token Ether, a shift from a more downbeat outlook as recently as last week. The market-moving ETF speculation is something...

Source: BNN Bloomberg May 22, 2024

Goldman says equity investors bracing for return of volatility

Stock investors are bracing for a spike in market volatility, and upcoming events such as Nvidia Corp.’s earnings report can exacerbate any moves, according to Goldman Sachs Group Inc. strategists. The bank’s measure of risk appetite hit the highest since...

Source: BNN Bloomberg May 22, 2024

Markets today: S&P 500 hits fresh highs in countdown to Nvidia

Stocks rose to another record ahead of results from Nvidia Corp. — the giant chipmaker at the heart of the artificial-intelligence revolution that has powered the bull market. The bar is high for the Santa Clara, California-based company — whose shares hav...

Company News Source: BNN Bloomberg May 22, 2024

CIBC strikes deals to offload some discounted U.S. office loans

Canadian Imperial Bank of Commerce struck agreements to sell US$316 million of U.S. office loans at a discount. The bank reached deals with multiple buyers for loans backed by eight U.S. offices in cities including San Francisco, Seattle, Phoenix and Austi...

Source: BNN Bloomberg May 22, 2024

Bull market 'still very young,' driven by strong earnings: market strategist

One market strategist says earnings are continuing to power recent gains in equity markets.  Ryan Detrick, a chief market strategist at Carson Group, said in an interview with BNN Bloomberg on Tuesday that he thinks we are in the midst of a bull market in...