Daily News

Source: BNN Bloomberg March 27, 2024

Markets today: S&P 500 gives up gains in final stretch of trading

Stocks struggled to gain traction after a rally that’s already topped US$4 trillion this year, with Nvidia Corp. leading losses in big tech. Trading was largely driven by rebalancing at the end of a quarter that saw the S&P 500 climbing almost 10 per cent....

Company News Source: BNN Bloomberg March 27, 2024

Trump Media climbs 16% to US$7.9B post-SPAC deal valuation

  Former U.S. president Donald Trump’s social media startup gained 16 per cent in its first trading day as a public company, after the most high-profile blank-check deal in years added billions to his fortune — at least on paper. Shares of Trump Media &...

Source: BNN Bloomberg March 27, 2024

‘Everybody’s pretty bulled up,’ strategist says, with tech no longer at the top

As investors look towards a more bullish stock market, one asset management strategist says that “fundamentals seem to matter again,” with the energy sector continuing to see an upward trend and technology no longer at the top of the leaderboard.  “It’s no...

Source: Financialpost March 27, 2024

Diane Francis: Why our friends Down Under are doing so much better than us

Australia continues to outperform Canada economicallyIn 2022, I wrote a column asking why Canada couldn’t be as smart and successful as Australia. Two years later, by almost any metric, Australia continues to outperform us economically, while maintaining its...

Source: Financialpost March 27, 2024

BlackRock's Larry Fink calls on baby boomer generation to fix 'retirement crisis'

Says boomers must help younger generations save for their futuresBlackRock Inc. chief executive Larry Fink warned of a looming “retirement crisis” and called on baby boomers to help younger generations save enough for their own futures. We apologize,...

Source: Financialpost March 27, 2024

Posthaste: Cash-strapped Canadians are taking on side hustles — but many aren't telling the CRA

9 million Canadians in the gig economy, but almost 30% not declaring all their income We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Cash-strapped Canadians are...

Economy Source: Financialpost March 27, 2024

Caps on newcomers may 'unfairly' hurt businesses, damage economy, group warns

But some economists say move a step towards tackling productivity, housing troubles Get the latest from Naimul Karim straight to your inbox Sign Up Ottawa’s plan to put a cap on the number of temporary foreign residents could “unfairly penalize” indus...

Economy Source: Financialpost March 27, 2024

Bank of Canada says the country faces a productivity 'emergency'

Canada has fallen behind most of its G7 peers, warns senior deputy governor Get the latest from Barbara Shecter straight to your inbox Sign Up Canada must tackle weak productivity to inoculate the economy against factors that will drive future inflati...

Source: BNN Bloomberg March 26, 2024

Markets today: 'priced for perfection' U.S. stocks see rally stall

Stock traders decided to take some chips off the table at the start of a week that will bring the Federal Reserve’s preferred inflation measure — on a day when markets will be closed. Equities pulled back after a rally that drove the S&P 500 to multiple re...

Source: Bankofcanada March 26, 2024

The productivity problem

Senior Deputy Governor Carolyn Rogers talks about some of the reasons for Canada’s poor productivity track record, and what we can do to turn the tide....