Daily News

Source: BNN Bloomberg January 17, 2024

Markets today: U.S. bonds slide as Fed's Waller downplays need to rush

Wall Street pared its bets on Federal Reserve rate cuts on speculation the dovish bid emboldening stock and bond bulls has gone too far. Equities fell, while Treasury yields climbed with the dollar as Fed Governor Christopher Waller appeared to push back a...

Source: BNN Bloomberg January 17, 2024

TSX recap: index finishes lower amid losses in energy stocks

Canada's main stock index declined more than 100 points on Tuesday, weighed down by losses in energy and base metal stocks, while U.S. stock markets were also down. The S&P/TSX Composite Index was down 113.79 points, or 0.54 per cent, at 20,948.09. In N...

Source: Financialpost January 17, 2024

'Risk of a second wave increasing': What today's inflation numbers mean to the Bank of Canada

Inflation ticked up in December — economists weigh in on what this means to the Bank of Canada and interest ratesInflation accelerated to 3.4 per cent in December and an unexpected rise in the Bank of Canada’s preferred measures could complicate its decision...

Source: Financialpost January 17, 2024

Inflation picks up speed ahead of Bank of Canada interest rate decision

December data still running hotter than central bank targetsCanada’s annualized rate of inflation jumped to 3.4 per cent in December, a reacceleration that was widely anticipated by economists but that will likely leave the Bank of Canada in no rush to cut i...

Source: Financialpost January 17, 2024

Another Bank of Canada interest rate hike within realm of possibility, outlook event hears

Pundits weigh in on interest rates, recession, mortgages and moreThe slowing economy, interest rate uncertainty and geopolitical tumult were all high on the agenda at the 47th annual outlook luncheon hosted by The National Post, Financial Post and the Canadi...

Source: Financialpost January 17, 2024

Posthaste: Canada caught in population trap for first time in modern history, economists warn

Population is growing faster than the economy can handle, says National We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canada caught in population trap for first...

Source: BNN Bloomberg January 16, 2024

Markets today: Stocks slip as officials push back on easing bets

European stocks and bonds retreated after European Central Bank officials poured cold water on expectations for rapid rate cuts even as data from Germany underscored the challenging backdrop for economic growth and corporate profits. The Stoxx Europe 600 i...

Market Call Source: BNN Bloomberg January 16, 2024

Jordan Zinberg's Top Picks: January 15, 2024

Jordan Zinberg, president and CEO of Bedford Park Capital FOCUS: Canadian small and mid-cap stocks MARKET OUTLOOK: Despite several shifts in expectations regarding interest rates, persistent volatility and geopolitical tensions, equity markets clim...

Source: BNN Bloomberg January 16, 2024

What Canadian investors need to know about bitcoin ETFs

Bitcoin made headlines this week after U.S. regulatory changes made investing in the cryptocurrency more accessible – and experts say investors should be knowledgeable about the industry and understand the risks before diving in to cryptocurrency and related...

Source: BNN Bloomberg January 16, 2024

TSX recap: Index climbs 0.34% on telecoms, energy

Gains in telecommunication and energy stocks helped Canada's main stock index creep higher to start the week.  The S&P/TSX Composite Index closed up 71.66 points, 0.34 per cent, at 21,061.88, while U.S. stock markets were closed for Martin Luther King Jr....