Daily News

Source: Financialpost April 20, 2024

Bank of Canada leaves spring housing market in 'holding pattern'

News not all bad as central bank signals possibility of rate relief in JuneThose hoping that interest rate cuts would boost Canada’s spring real estate market will have to wait a little bit longer after the Bank of Canada once again held rates at five per ce...

Source: BNN Bloomberg April 19, 2024

Markets today: Treasuries hit as hawkish U.S. Fed views keep piling up

The world’s biggest bond market extended this month’s selloff after solid economic readings and hawkish Fedspeak reinforced speculation that interest rates will remain higher for longer. Treasuries fell across the U.S. curve — with two-year yields once aga...

Market Call Source: BNN Bloomberg April 19, 2024

Chris Blumas' Top Picks: April 18, 2024

Chris Blumas, portfolio manager, Raymond James Investment Counsel FOCUS: North American large caps   MARKET OUTLOOK: So far this year, the monthly inflation readings in the U.S. have continued to top expectations. While core inflation is down signi...

Source: Financialpost April 19, 2024

Ontario Teachers’ reportedly weighing $5 billion sale of luxury senior residences chain

Pension plan took Amica Senior Lifestyles private in 2015The Ontario Teachers’ Pension Plan is exploring a sale of luxury senior-living residences Amica Senior Lifestyles, which could be valued at about $5 billion, according to people familiar with the matte...

Source: Financialpost April 19, 2024

David Rosenberg: Time for Macklem to turn before it's too late

Monetary policy is simply way too tight, no matter how you slice it or dice itIn contrast to the United States Federal Reserve, the Bank of Canada is running out of excuses to keep from acting as the proverbial deer in the headlights. The economy here is far...

Source: Financialpost April 19, 2024

Opinion: Ben & Jerry’s woke chickens are coming home to roost

The ice cream maker's parent company has signalled that it has had enough of its progressive politicsIce cream maker Ben & Jerry’s is perhaps the world’s most aggressively “woke” brand. By running campaigns on international geopolitics, immigration policy an...

Source: Financialpost April 19, 2024

Posthaste: Pain of Canadians' mortgage payment shock is not over — not by a long shot

These economists see ballooning mortgage payments dragging economy into recession We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Pain of Canadians' mortgage paym...

Source: Financialpost April 19, 2024

‘Don’t drag your feet’: Some cottage owners face big decision after budget's tax change

Capital gains tax on annual amounts over $250,000 to rise after June 25Canadians who own cottages and other recreational properties may be contemplating their options after Tuesday’s federal budget raised the capital gains tax on annual amounts in excess of...

Source: BNN Bloomberg April 18, 2024

Markets today: S&P 500 suffers its longest slide since January

The stock market suffered its longest losing streak since January as a handful of big techs sold off — despite a slide in bond yields. Equities fell for a fourth straight day, with the S&P 500 extending a drop from its all-time high to more than 4 per cent...

Source: BNN Bloomberg April 18, 2024

Ontario Teachers' said to weigh $5 billion sale of Amica Senior

Ontario Teachers’ Pension Plan is exploring a sale of luxury senior-living residences Amica Senior Lifestyles, which could be valued at about $5 billion (US$3.6 billion), according to people familiar with the matter.  Ontario Teachers’ is working with advi...