Daily News

Source: BNN Bloomberg May 10, 2024

Markets today: S&P 500 is back to 5,200 as traders ride momentum

The stock market climbed to its highest level since early April, extending a rebound that’s been fueled by speculation the Federal Reserve will be able to cut interest rates this year. Equities rose as higher-than-estimated jobless claims reinforced bets o...

Source: BNN Bloomberg May 10, 2024

Sun Life reports first-quarter net income of $875 million

Sun Life Financial Inc. says it had a net income of $875 million in its first quarter, a two per cent decline from last year. The insurer says profits were affected by its U.S. health division, including from reassessments following the lifting of the Publ...

Source: Bankofcanada May 10, 2024

Financial Stability Report—2024

A stable and efficient financial system is essential for sustaining economic growth and raising standards of living. In the Financial Stability Report,...

Source: Financialpost May 10, 2024

Posthaste: Canada's job market could be in worse shape than we thought

Headline number out tomorrow won't tell the whole story We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canada's job market could be in worse shape than we though...

Source: Financialpost May 10, 2024

PricewaterhouseCoopers lays off 60 workers in Canada

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by Workday Workday The company had already cut two p...

Source: Financialpost May 10, 2024

Be careful moving your TFSA — or the CRA might come knocking

Jamie Golombek: Taxpayer on the hook for fine for improperly transferring contributions from one bank to anotherReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made t...

Source: Financialpost May 10, 2024

Bank of Canada warns nation's renters showing signs of financial strain

Share of borrowers with credit card balance at 80% and higher continues to climb Get the latest from Barbara Shecter straight to your inbox Sign Up The Bank of Canada is raising concerns about the impact of higher interest rates on renters while ackno...

Source: BNN Bloomberg May 09, 2024

Markets today: S&P 500 'bumps into a Wall' after blistering rally

Wall Street’s enthusiasm for stocks faded as many traders were reluctant to keep piling in after a solid rally in early May. The S&P 500 closed little changed, remaining below the 5,200 mark that it briefly touched this week. Tesla Inc. and Google’s parent...

Market Call Source: BNN Bloomberg May 09, 2024

Alexander MacDonald's Top Picks: May 8, 2024

Alexander MacDonald, portfolio manager, GlobeInvest Capital Management FOCUS: North American large-cap stocks  MARKET OUTLOOK: First quarter earnings season in the U.S. is drawing to a close, and it has been one of the strongest reporting periods i...

Source: Bankofcanada May 09, 2024

Release of the Financial Stability Report

Good morning. I am pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss the Bank of Canada’s Financial Stability Report (FSR). Part...