Daily News

Source: Financialpost December 26, 2023

What stores are open and closed on Christmas Day in 2023? Hours for Walmart, Kroger, CVS and more

NEW YORK (AP) — With Christmas right around the corner, you might want to check the list of what stores are open (and closed) twice. We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our...

Source: Financialpost December 26, 2023

Markets are bullish, but there are smarter ways to play than going all in

Martin Pelletier: Enjoy the Christmas gifts we’re being given by the markets right now, but act prudently after New Year’s DayWhat a difference a year makes, as markets are once again in rocket mode with quite the Santa Claus rally to end 2023. We apo...

Source: Financialpost December 25, 2023

Inflation and interest rates to drive housing market direction in 2024, say industry veterans

Home sales expected to revive when Bank of Canada cuts interest rates but rally will be mutedInflation and interest rates will once again determine the fate of the housing market next year after a turbulent 2023 that was full of surprises, industry players s...

Source: BNN Bloomberg December 23, 2023

The Week Ahead: market closures; U.S. labour market data due

Monday, Dec. 25 Christmas Day, markets are closed in Canada and the U.S. (BNN Bloomberg is dark)  Tuesday, Dec. 26 Boxing Day, Toronto Stock Exchange (TSX) is closed (BNN Bloomberg is dark) Notable data: S&P CoreLogic Case-Shiller Home Pric...

Technology Source: BNN Bloomberg December 23, 2023

Markets today: U.S. stock gauges log longest weekly run in years

Financial assets from stocks to bonds notched another winning week as data readouts only reinforced Wall Street’s conviction in early and deep rate cuts next year.  After a choppy low-volume session ahead of the Christmas holiday the S&P 500 notched an eig...

Source: BNN Bloomberg December 23, 2023

TSX recap: Index climbs 0.8%, regains some of Wednesday's losses

Strength in base metal and utilities stocks helped Canada's main stock index rise more than 150 points on Thursday, while U.S. stock markets also climbed higher. Markets made a partial recovery after slumping the day before, with the TSX falling more than...

Source: BNN Bloomberg December 23, 2023

Hedge funds bet most against Canadian dollar in almost five years

Speculators are ramping up their bearish wagers on Canada’s dollar, lifting net short positions to the highest in nearly five years, according to a report from the Commodity Futures Trading Commission. Leveraged funds boosted their wager against the loonie...

Source: Financialpost December 23, 2023

FP Answers: Does it make sense to make early RRIF withdrawals for my 4 kids to avoid tax?

What is sometimes forgotten with RRSP/RRIFs is the real advantage of the tax-free compounding they provideBy Julie Cazzin with Allan Norman We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos fr...

Source: Financialpost December 23, 2023

Oops, record cash inflows show lots of investors missed out on the best stock rally in four years

Investors poured $1.3 trillion into cash, dwarfing the $152 billion that flowed into stocksInvestors poured record amounts into cash this year, according to Bank of America Corp. strategists, highlighting how a lot of market participants missed out on the be...

Source: Financialpost December 23, 2023

Howard Levitt: Is Canada having its Harvard moment?

Ontario Ministry of the Attorney General reportedly asking job candidates to attest they haven't signed controversial TMU petitionIn October, billionaire hedge fund chief executive Bill Ackman and other U.S. business leaders demanded that Harvard release the...