Daily News

Source: Financialpost May 20, 2024

William Watson: How about enforcing 'Get your tent off my property'?

Property owners shouldn't have to prove each and every use of their property creates social benefits greater than social costsAmong the innumerable new human rights being claimed almost daily, one is conspicuously missing: the right not to be bothered by idi...

Source: Financialpost May 20, 2024

Loblaw boycott hits the halfway mark: Here are 5 things to know

Canadian grocery giant's investors appear largely unfazed as stock hits new highAs a month-long boycott of Loblaw Cos. Ltd. enters its third week, the Canadian grocery giant’s investors appear largely unfazed. Though the movement continues to see a rise in s...

Source: Financialpost May 19, 2024

Canada's home sales and prices fall as sellers return to market

Average price of a home sold last month amounted to $703,446, down 1.8% from April 2023The Canadian Real Estate Association says the number of homes changing hands in April fell from the previous month despite an influx of new listings hitting the market....

Source: Financialpost May 19, 2024

Mortgage lenders offering 'extreme discounts' behind the scene: Robert McLister

WatchRobert McLister, mortgage specialist at MortgageLogic.news, talks with Financial Post’s Larysa Harapyn about how mortgage lenders are offering ‘extreme discounts’ behind the scenes. McLister advises homebuyers to contact a mortgage specialist or mortgag...

Source: BNN Bloomberg May 18, 2024

Markets today: Stocks churn as traders waver on U.S. rates outlook

Stocks hovered below this week’s record levels as dialed-down bets for U.S. Federal Reserve policy easing prompted a pull-back from riskier assets. U.S. futures contracts were little changed after Wall Street slipped back from all-time highs in the previou...

Source: BNN Bloomberg May 18, 2024

Bitcoin's correlation with tech stocks jumps to highest level since August

Bitcoin was lumped in with other speculative investments during the run-up of the U.S. Federal Reserve’s last tightening cycle, slumping on expectations higher interest rates would damp the appetite for risk. Now with optimism growing again that borrowing cos...

Market Call Source: BNN Bloomberg May 18, 2024

David Burrows' Top Picks: May 17, 2024

David Burrows, president and chief investment strategist, Barometer Capital Management FOCUS: North American large caps MARKET OUTLOOK: Barometer continues to be positive on the outlook for equities and commodities as a way to benefit from a reflat...

Source: BNN Bloomberg May 18, 2024

The Week Ahead: TD Bank earnings, Canadian inflation data due

Monday, May 20 Canadian markets closed for Victoria Day holiday Tuesday, May 21 8:30 a.m. Canada Consumer Price Index (April) Earnings: Lowe’s, AutoZone Wednesday, May 22 2:00 p.m. U.S. FOMC minutes Earnings: Target, TJX, NVIDI...

Source: BNN Bloomberg May 18, 2024

Revival of meme-stock frenzy points to a frothy U.S. stock market

This week’s meme-stock pop is a sign that U.S. equity markets are frothy and potentially peaking, according to the latest Bloomberg Markets Live Pulse survey. GameStop Corp. and AMC Entertainment Holdings Inc., two darlings of the meme-stock mania of 2021,...

Source: BNN Bloomberg May 18, 2024

Gildan investors should back browning and reinstate fired CEO, ISS says

Gildan Activewear Inc. shareholders should vote for all eight board nominees put forward by activist investor Browning West LP, including the chief executive officer who was fired by the board last year, proxy advisory firm Institutional Shareholder Services...