Daily News

Market Call Source: BNN Bloomberg February 02, 2024

Lorne Steinberg's Top Picks: February 1, 2024

Lorne Steinberg, president, Lorne Steinberg Wealth Management FOCUS: Global value stocks and high-yield bonds  MARKET OUTLOOK: Inflation and interest rates continue to dominate the headlines, as markets price in some central bank easing in 2024. De...

Company News Source: BNN Bloomberg February 02, 2024

Apple reports first sales gain in a year despite slump in China

Apple Inc. reported a deepening slump in China during the holiday quarter, even as total iPhone sales were stronger than expected and the company returned to revenue growth.  Sales in China dropped 13 per cent to US$20.8 billion in the fiscal first quarter...

Source: Financialpost February 02, 2024

Matthew Lau: Canadians are overtaxed and underserved

What's left of your annual bonus after tax and what does it get you?A colleague lamented last week, on receiving his annual bonus, that he saw only 42 per cent of it. The other 58 per cent, though it departed his employer’s bank account, never reached his. M...

Source: Financialpost February 02, 2024

Why Quebec is trying to close the wealth gap after decades as Ontario's poorer neighbour

Quebec will do whatever it takes to catch up to its neighbour to the WestOntarians are wealthier than Quebeckers, but Francois Legault is on a mission to close the gap. We apologize, but this video has failed to load. Try refreshing your browser, orta...

Source: Financialpost February 02, 2024

Posthaste: Retirement out of reach for almost 40% of working Canadians over 50, survey finds

Only about a third say they are in the financial position to retire when they want We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Retirement out of reach for alm...

Source: Financialpost February 02, 2024

Bank of Canada governor says interest rates not to blame for housing crisis

Urges government to focus on increasing housing supply to improve affordabilityOTTAWA — Bank of Canada governor Tiff Macklem says the central bank can’t solve the housing crisis with interest rates because the root cause is a supply shortage. We apolo...

Source: Financialpost February 02, 2024

Why investing within an RRSP makes sense for tax purposes no matter what you believe

Jamie Golombek explains how the returns from RRSP investing are tax free, not simply tax deferredReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on...

Source: BNN Bloomberg February 01, 2024

Markets today: U.S. stocks fall most in 2024 as U.S. Fed in no rush to cut

  Stocks saw their biggest decline since September after Jerome Powell said the Federal Reserve wants to keep its options open instead of rushing to cut interest rates. Speaking after the January Fed decision, Powell said he doesn’t think it’s likely th...

Market Call Source: BNN Bloomberg February 01, 2024

Paul Harris' Top Picks: January 31, 2024

Paul Harris, partner and portfolio manager, Harris Douglas Asset Management FOCUS: North American and global stocks  MARKET OUTLOOK: We think that central banks should maintain higher rates until inflation is in line with their target of two per ce...

Source: BNN Bloomberg February 01, 2024

Three Canadian small-cap stocks to buy: portfolio manager

Canadian stocks with small market capitalizations are trading at large discounts compared to their large-cap counterparts and a portfolio manager says the sector is primed for growth. Sajan Bedi, VP & portfolio manager at Canoe Financial, told BNN Bloomber...