Daily News

Source: Financialpost April 21, 2024

Bank of Canada signals rate cuts are getting close

Watch: Desjardins' Royce Mendes on what the central bank's latest rate hold means for CanadiansRoyce Mendes, managing director and head of macro strategy for Desjardins Group, talks with Financial Post’s Larysa Harapyn about what the Bank of Canada‘s latest...

Source: Financialpost April 21, 2024

Starting a dropshipping business? Strategies to help first-timers succeed

Taking a calculated approach to selling goods through Amazon and Shopify can yield real profitsReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on t...

Source: Financialpost April 21, 2024

Jamie Golombek: If I were finance minister, here's what I would do in the upcoming federal budget

Wish list includes lower tax rate for highest-earners, AMT adjustments and scrapping most boutique tax creditsReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made thr...

Source: BNN Bloomberg April 20, 2024

Markets today: 'Mag Seven' get crushed before next week's results

A selloff in the world’s largest technology companies hit stocks, with Wall Street traders gearing up for a deluge of results from the industry that has powered the bull market. Equities extended their slide from a record, with the S&P 500 breaking below 5...

Source: BNN Bloomberg April 20, 2024

Bitcoin rebounds from losses sparked by geopolitical tension

Bitcoin rebounded as a bout of acute geopolitical tension eased after earlier sparking steep drops in cryptocurrencies. The digital asset at one point Friday sank more than six per cent to US$59,643 but later steadied to change hands at $64,640 as of 10:55...

Source: BNN Bloomberg April 20, 2024

Sustainable investing on the rise, but greenwashing concerns remain: study

An increasing number of Canadian investors are interested in sustainable investing (SI), but a majority still have concerns about greenwashing and transparency in the sector, according to a new study. Mackenzie Investments’ fifth annual Earth Day Study, re...

Source: BNN Bloomberg April 20, 2024

The Week Ahead: BoC Summary of Deliberations; U.S. GDP data due

Monday, April 22 8:30 a.m.: Canada Industrial Product and Raw Materials Price Indices (March), New Housing Price Index (March) 10:30 a.m.: Bank Of Canada Market Participants Survey (first quarter) Earnings: Winpak, PrairieSky Royalty, Verizon T...

Market Call Source: BNN Bloomberg April 20, 2024

Michael Hakes' Top Picks: April 19, 2024

Michael Hakes, senior portfolio manager, Murray Wealth Group FOCUS: U.S. and global stocks  MARKET OUTLOOK: After a great first quarter, we think it will be tough for the U.S. markets to continue higher with inflation and employment remaining stick...

Source: BNN Bloomberg April 20, 2024

Experts predict less significant cut cycles from the BoC, U.S. Fed

Rate cut expectations in both Canada and the U.S. are being pared down, according to experts.  Christian Lawrence, a senior cross-asset macro strategist at Rabobank, said in an interview with BNN Bloomberg Friday that at the beginning of the year more than...

Source: Financialpost April 20, 2024

Jack Mintz: Don't go woke on taxes, Minister Freeland!

'Critical tax theory' wants white people to pay more tax. Let's stick to these guides for tax policy: efficiency, simplicity and fairnessImagine if in her Tuesday budget federal Finance Minister Chrystia Freeland announced higher taxes on capital gains — exc...