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Source: Financialpost May 09, 2024

Immigrants recruited to boost Trudeau's homebuilding plan

Admissions of permanent residents with trade skills rose 29% from the average quarterly rate in 2023Canada is on track to add more newcomers with construction skills than in recent years, an early sign that a targeted immigration program is working, though s...

Source: Financialpost May 09, 2024

The self-funding house: A one-stop solution to affordability for owners and renters

New homes should be built to accommodate multiple families — not just oneBy Murtaza Haider and Stephen Moranis We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. The self-fund...

Source: Financialpost May 09, 2024

Suncor aims to gain 'unique' advantage from Trans Mountain pipeline

Negotiate directly with customers as it targets new markets Get the latest from Naimul Karim straight to your inbox Sign Up Suncor Energy Inc. says it will be banking on its trading platform to remove middlemen and directly negotiate with new customer...

Source: Financialpost May 09, 2024

Posthaste: This 'important driver' of the Canadian dollar is broken, economist says

The loonie appears to be a 'petro-currency' no longer We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: This 'important driver' of the Canadian dollar is broken, ec...

Source: Financialpost May 09, 2024

Soon-to-retire couple needs $185,000 a year to meet their desired lifestyle

Expert believes the couple can retire this year, but only if they maintain their existing spendingReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links o...

Source: BNN Bloomberg May 08, 2024

Markets today: U.S. stock rally wavers as S&P 500 briefly tops 5,200

The rally that has powered stocks in May struggled gain much traction on Tuesday, with investors split on whether the market can sustain the advance given all the economic crosscurrents. Equities are set for a consolidation amid stretched positioning, acco...

Company News Source: BNN Bloomberg May 08, 2024

'Take advantage of this pullback,' analyst says after Disney stock price drop

After Walt Disney Co. reported fiscal second-quarter profit that surpassed estimates Tuesday morning, one senior analyst says the company is facing constructive improvements that can clear the way for “long-term earning power.”  During an interview with BN...

Commodities Source: BNN Bloomberg May 08, 2024

Oil prices have shed previous 'geopolitical risk premium': Nuttall

A Canadian portfolio manager bullish on the energy sector says oil prices are hovering at around two-month lows thanks to the removal of price premiums related to geopolitical risks, which he says is good news for investors. “What we've had is the removal...

Market Call Source: BNN Bloomberg May 08, 2024

Lorne Steinberg's Top Picks: May 7, 2024

Lorne Steinberg, president of Lorne Steinberg Wealth Management FOCUS: Global value stocks and high-yield bonds  MARKET OUTLOOK: At present, market volatility is being driven mainly by investor sentiment regarding interest rate cuts. We are in a “b...

Company News Source: BNN Bloomberg May 08, 2024

Suncor earns $1.6B in first quarter, breaks all-time oilsands production record

Suncor Energy Inc. says it earned $1.61 billion in the first three months of 2024, down from $2.05 billion a year earlier. The Calgary-based energy giant says its first-quarter earnings amount to $1.25 per common share, compared with $1.54 in the first qua...