Daily News

Banking Source: Financialpost January 19, 2024

Mortgage 'payment shock' is why Canada's economy has fallen behind, says RBC's McKay

Americans have not faced the big hikes to mortgage payments Canadians haveCanadians are grappling with “payment shock” and Americans are not, and that will put the two countries’ economies on diverging paths to start 2024, according to the chief executive of...

Economy Source: Financialpost January 19, 2024

Canada faces weak start to year as headwinds mount, says Manulife forecast

'It's hard to see a good year for growth'The Canadian economy is facing mounting challenges with limited potential for an upside surprise, setting the stage for a weak start to 2024, predicts Manulife Investment Management. We apologize, but this vide...

Source: BNN Bloomberg January 18, 2024

Markets today: U.S. stocks drop as solid data fuel Fed-pivot repricing

Stocks joined losses in risk assets as bond yields climbed on speculation the Federal Reserve will be in no rush to cut interest rates as the economy shows signs of resilience. At a time when good economic news is not really that great from a policy perspe...

Market Call Source: BNN Bloomberg January 18, 2024

Hank Cunningham's Top Picks: January 17, 2024

Hank Cunningham, fixed Income strategist at Odlum Brown Ltd. FOCUS: Fixed income, bonds BOND MARKET OUTLOOK: After the recent dovish comments from the U.S. Federal Reserve, the bond market rallied further, pushing yields lower at all maturities. Se...

Source: BNN Bloomberg January 18, 2024

TSX recap: Index down 1.21% in broad decline

Canada's main stock index fell more than 250 points in a broad-based decline Wednesday, while U.S. stock markets also fell.  The S&P/TSX Composite Index closed down 253.07 points, or 1.21 per cent, at 20,695.02. In New York, the Dow Jones Industrial Ave...

Source: Financialpost January 18, 2024

Posthaste: Canadians are getting sick of waiting on sidelines for housing market to improve

Fewer people say they'll hold out for home prices and interest rates to drop before jumping back into the market We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: C...

Source: Financialpost January 18, 2024

Mark Carney sees 'massive disconnect' in green finance rhetoric

Skeptical comments at odds with the wave of money going into green projectsThere’s plenty of money to be made by investing in the green energy transition, and financial professionals who say otherwise aren’t paying attention to the facts, according to Brookf...

Source: Financialpost January 18, 2024

Inflation data 'clear setback' for Bank of Canada

Watch: Desjardins' Jimmy Jean on what the latest inflation figures mean to the central bankJimmy Jean, chief economist at Desjardins, talks with the Financial Post’s Larysa Harapyn about what the latest inflation figures mean to the Bank of Canada as it prep...

Market Call Source: BNN Bloomberg January 17, 2024

Michael Hakes' Top Picks: January 16, 2024

Michael Hakes, senior portfolio manager at Murray Wealth Group FOCUS: U.S. and Global Stocks MARKET OUTLOOK: Global equities will continue to be choppy over the first quarter as the market is still expecting rate cuts sooner rather than later, but...

Source: BNN Bloomberg January 17, 2024

Stocks in for a positive year with rate cuts, economic recovery in sight: report

Stock and bond markets have a bumpy year ahead of them but will end 2024 on a positive note as they navigate the last mile of inflation and tightened monetary policy, a new report from Edward Jones says.  The investment firm’s prediction is based on three...