Daily News

Source: BNN Bloomberg February 08, 2024

Markets today: S&P 500 near 5,000 as U.S. stocks climb 'wall of worry'

The historic rally in U.S. stocks continued to power ahead, with the S&P 500 closing within a striking distance of its 5,000 milestone.  Gains on Wednesday were fueled by a renewed surge in tech megacaps and a strong sale of 10-year Treasuries that dimmed...

Source: BNN Bloomberg February 08, 2024

Markets today: Stocks climb 'wall of worry' with S&P near 5,000

  The S&P 500 came within a striking distance of its 5,000 milestone as tech megacaps rallied and a strong sale of 10-year Treasuries dimmed supply concerns. Bonds were little changed. Equities extended a torrid surge from their October 2022 lows on pro...

Personal Finance Source: BNN Bloomberg February 08, 2024

What young investors need to know about RRSPs

With the deadline for contributions to a registered retirement savings plan (RRSP) approaching, experts say there are specific considerations for younger investors who are deciding where to allocate their money. Feb. 29 is the RRSP deadline for investors l...

Source: BNN Bloomberg February 08, 2024

Three tech stocks positioned to run with AI: portfolio manager

Many technology companies that have embraced artificial intelligence (AI) have seen their share prices rise in recent months, and a portfolio manager says he believes the industry has even more room to grow. Shane Obata of Middlefield Capital Corporation s...

Source: BNN Bloomberg February 08, 2024

TSX recap: Index finishes slightly higher as U.S. stocks near milestone

Canada's main stock index just barely stayed in the green Wednesday, while U.S. stock markets rose, with the S&P 500 flirting with the 5,000-point milestone.  The S&P/TSX Composite Index closed up 11.44 points, or 0.05 per cent, at 20,969.18. In New Yor...

Market Call Source: BNN Bloomberg February 08, 2024

Gordon Reid's Top Picks: February 7, 2024

Gordon Reid, president and CEO, Goodreid Investment Counsel FOCUS: U.S. equities  MARKET OUTLOOK: The market is beginning to adopt the view of a perfect, U.S. Federal Reserve-orchestrated, economic soft landing; slaying high inflation while maintai...

Company News Source: BNN Bloomberg February 08, 2024

Sun Life Financial sees earnings slip in fourth quarter to $749 million

Sun Life Financial Inc. says it earned $749 million in the last quarter of 2023, down from $1.2 billion during the same quarter a year earlier.  The insurance company says diluted earnings per share in its fourth quarter were $1.28, down from $1.98 a year...

Source: Financialpost February 08, 2024

Bank of Canada believes interest rates need more time to work, minutes reveal

Indicators the central bank is watching paint 'a mixed picture' of underlying inflation Get the latest from Barbara Shecter straight to your inbox Sign Up The Bank of Canada believes current interest rates are high enough to bring inflation under cont...

Source: Financialpost February 08, 2024

John Turley-Ewart: Police chiefs are right to worry about Ottawa's proposed cap on lending rates

Some Canadians will be pushed to payday lenders and higher interest costs or to loan sharksLesson one when regulating Canada’s financial system is ensuring the cure isn’t worse than the disease. We apologize, but this video has failed to load. Try ref...

Source: Financialpost February 08, 2024

Bank of Canada can't solve housing crisis, Tiff Macklem says

Governor says housing affordability can't be fixed by raising or lowering interest ratesRising shelter costs are now the biggest contributor to above-target inflation, but Bank of Canada governor Tiff Macklem said the central bank is powerless to address the...