Daily News

Source: BNN Bloomberg January 24, 2024

Markets today: U.S. stocks buck concerns the 'pivot party' is over

U.S. stocks eked out a gain Tuesday, setting fresh closing highs ahead of an onslaught of company reports that promise insight into the state of the global economy.  The S&P 500 and Nasdaq 100 both closed at all-time highs for the second day this week, whi...

Source: BNN Bloomberg January 24, 2024

TSX recap: Index climbs 0.53% on strength in base metals

Strength in base metal stocks helped Canada's main stock index gain more than 100 points Tuesday, while U.S. markets were mixed. The S&P/TSX Composite Index closed up 110.29 points, or 0.53 per cent, at 21,034.59. In New York, the Dow Jones Industrial A...

Source: Bankofcanada January 24, 2024

Monetary Policy Report Press Conference Opening Statement

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement and the Bank of Canada’s Monetary Policy Report (MPR). Today, we maintained our p...

Source: Bankofcanada January 24, 2024

Monetary Policy Report – January 2024

Interest rates are working to moderate spending and inflation is easing gradually, though underlying pressures are proving per...

Source: Bankofcanada January 24, 2024

Bank of Canada maintains policy rate, continues quantitative tightening

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global econom...

Source: Financialpost January 24, 2024

Zara's billionaire owner becomes an Amazon landlord in Canada

Paid US$272 million for facility in BurnabyFast fashion billionaire Amancio Ortega’s family office has acquired a Canadian warehouse leased by Amazon.com Inc., in the latest expansion of his property portfolio. We apologize, but this video has failed...

Source: Financialpost January 24, 2024

Big CRA funding increases could be better spent elsewhere

Kim Moody: It’s long overdue to question why the CRA’s headcount is growing while its 'client experience' is less than appealingReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from...

Source: Financialpost January 24, 2024

Bank of Canada expected to hold interest rate steady, but tone could offer clues on cuts to come

Here's what economists will be watching in the central bank's decision tomorrowThe Bank of Canada will make its first interest rate decision of 2024 on Wednesday, with investors and consumers looking for clues as to when they’ll see relief from the high cost...

Source: Financialpost January 24, 2024

Posthaste: Consumer spending is weaker than people realize, says CIBC — and that could get ugly

Bank of Canada will need to cut deeper than markets expect We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Consumer spending is weaker than people realize, says C...

Economy Source: Financialpost January 24, 2024

What’s a population trap and how do you get out of it?

Canada lacks the infrastructure and capital stock to absorb current population growth, warn economistsEconomists at the National Bank of Canada released a report recently arguing that Canada is caught in a “population trap.” But what exactly does that mean a...