Daily News

Source: Financialpost February 12, 2024

The RRSP contribution deadline is almost here and it offers this group a critical opportunity

Here's how small business owners can make the most of RRSPs, both now and in future yearsReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this pa...

Source: Financialpost February 12, 2024

Housing market headed for another soft patch: Desjardins

Watch: Market to feel effects of high interest rates this spring, Marc Desormeaux saysMarc Desormeaux, principal economist at Desjardins Group talks with the Financial Post’s Larysa Harapyn about the Canadian housing market. We apologize, but this vid...

Source: Financialpost February 11, 2024

Condo market faces 'significant slowdown'

Watch: High interest rates and affordability challenges hitting condos, Urbanation's Shaun Hildebrand saysShaun Hildebrand, president of Urbanation Inc., talks with the Financial Post’s Larysa Harapyn about the state of the Canadian condo market. We a...

Market Call Source: BNN Bloomberg February 10, 2024

Darren Sissons' Top Picks: February 9, 2024

Darren Sissons, partner and portfolio manager, Campbell, Lee & Ross Investment Management FOCUS: Global and technology stocks  MARKET OUTLOOK: Equity markets are rallying, based on the pricing-in of significant interest rate cuts, which is then tri...

Source: BNN Bloomberg February 10, 2024

The Week Ahead: CREA housing data; U.S. inflation data

Monday Feb. 12 Earnings: Avis, Goodyear, PrairieSky Royalty, Andrew Peller Tuesday Feb. 13 U.S. CPI data for January Earnings: Restaurant Brands International, Coca-Cola, Hydro One, Hasbro, Canadian Tire REIT, RioCan REIT, H&R REIT, Dream I...

Source: BNN Bloomberg February 10, 2024

Markets today: U.S. stock mania rages on as S&P 500 closes above 5,000

Wall Street notched a milestone, with the S&P 500 topping 5,000 amid a renewed rally in big tech and hopes the Federal Reserve will soon be able to cut rates — bolstering the outlook for corporate profits. Just as Americans get ready for football’s biggest...

Source: BNN Bloomberg February 10, 2024

TSX recap: Index finishes 0.43% lower

Canada's main stock index posted a modest gain Friday, while U.S. markets were mixed but the S&P 500 surpassed 5,000 points for the first time. The S&P/TSX Composite Index closed up 89.96 point, or 0.43 per cent, at 21,009.60. In New York, the Dow Jones...

Source: Financialpost February 10, 2024

Trudeau calls Bell Canada's mass layoffs 'a garbage decision'

Prime Minister says media layoffs eroding Canada's 'very democracy'Prime Minister Justin Trudeau has joined those criticizing BCE Inc.’s mass layoffs that would leave 4,800 people unemployed. We apologize, but this video has failed to load. Try refres...

Source: Financialpost February 10, 2024

Jack Mintz: Canada has lost $225 billion in foreign investment since 2016

Ottawa boasts about large recent inflows of capital but outflows are even bigger. If Canadians prefer to invest elsewhere, that's bad newsAccording to the OECD, Canada was the third largest recipient of foreign direct investment (FDI) inflows in the first th...

Economy Source: Financialpost February 10, 2024

What a mixed jobs report means for the Bank of Canada, according to economists

Little reason for central bank to abandon patient stanceThe Canadian economy added 37,000 jobs in January and the unemployment rate fell to 5.7 per cent, according to figures released Feb. 9 by Statistics Canada. While that beat expectations of a 15,000-job...