Daily News

Source: Financialpost January 06, 2024

Posthaste: The Bank of Canada needs to avoid this mistake in 2024, says CIBC

Investors and consumers are hoping for extensive interest rate cuts this year We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: The Bank of Canada needs to avoid th...

Source: Financialpost January 06, 2024

Howard Levitt: Claudine Gay resignation may signal the beginning of the end of the woke DEI cabal

Diversity, equity and inclusion has gone off the railsHarvard president Claudine Gay finally resigned this week. In doing so, she doubled down, alleging that she was forced out because of her race (she is black) and not because her testimony on anti-Semitism...

Economy Source: Financialpost January 06, 2024

March rate cut bets at risk: What economists say about Canada's job numbers

Labour market offers a 'mixed picture'Jobs numbers for December offered a “mixed” picture that could convince the Bank of Canada to be patient when it comes to interest rate cuts, some economists say. We apologize, but this video has failed to load. T...

Source: BNN Bloomberg January 05, 2024

Markets today: U.S. tech stocks notch longest losing streak in a year

Treasury yields rose and tech stocks dipped ahead of Friday’s jobs report as traders try to gauge how soon and deeply the Federal Reserve can start cutting interest rates.  The Nasdaq 100 slipped 0.5 per cent, logging a five-day losing streak — the longest...

Market Call Source: BNN Bloomberg January 05, 2024

Greg Newman's Top Picks: January 4, 2024

Greg Newman, senior wealth advisor and portfolio manager, Newman Group, ScotiaMcLeod FOCUS: North American stocks and dividend protection strategies  MARKET OUTLOOK: Bond yields have dropped quite massively over the last couple of months, in spite...

Commodities Source: BNN Bloomberg January 05, 2024

Oil price news: Oil slips as rising U.S. gasoline inventories signal shaky demand

Oil fell as rising gasoline stockpiles in the U.S. signalled a shaky picture for demand, undercutting the effect of output disruptions in Libya. West Texas Intermediate edged lower to settle near US$72 a barrel after swinging in a $3 range. Traders weighed...

Source: BNN Bloomberg January 05, 2024

TSX recap: Index defies energy weakness, climbs 0.25%

Canada's main stock index posted a small gain Thursday despite weakness in energy stocks, while U.S. markets ended the day mixed. After a weak start to the year with some of 2023’s winners leading the way down, Thursday saw markets start to stabilize, said...

Source: Financialpost January 05, 2024

Matthew Lau: Steven Guilbeault, 'policymaker of the year,' is killing economic growth

Environment minister shackling economy with new rules for clean fuels and electricity and caps on oil and gas emissionsThe Ottawa-based Macdonald-Laurier Institute has named Steven Guilbeault, federal minister of environment and climate change, its 2023 poli...

Source: Financialpost January 05, 2024

Top headlines: Rogers cellphone prices to go up for customers not on contracts

The latest business news as it happensToday’s headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: Rogers cellphone prices to go up for customers not on...

Source: Financialpost January 05, 2024

Interest rate cuts, return to growth on economic horizon, Deloitte says

Predicts rate cuts as early as this springTORONTO — The Canadian economy will return to growth in the second half of 2024, with interest rate cuts as early as this spring, according to a new forecast by Deloitte Canada. We apologize, but this video ha...