Daily News

Source: Financialpost December 15, 2023

Home prices fall again as sellers start to back away

Average home price in November fell 0.4% to $644,107 from OctoberNational home prices declined again in November amid signs that sellers are giving up on the housing market after rushing to list properties earlier in the fall. We apologize, but this v...

Source: Financialpost December 15, 2023

Here's how Canadians are coping with higher interest rates in 5 charts

Costs of paying down debt climbed to record while net worth declinedCanadians continue to be hit by the climb in Bank of Canada interest rates, with the costs of paying down debt rising to a record in the third quarter while net worth declined, according to...

Source: Financialpost December 15, 2023

Posthaste: Get ready for the 'great adjustment' in Canada's housing market

Realtors see home prices regaining pandemic peaks once Canadians accept the 'new normal' in borrowing rates We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Get re...

Source: BNN Bloomberg December 14, 2023

Markets today: stocks climb as U.S. Fed 'done taking punch bowl away'

The stock market came closer to its all-time highs and Treasury yields tumbled as dovish Federal Reserve signals added fuel to Wall Street’s great cross-asset rally. Traders cheered a tweak to the Fed’s dot plot, with officials expecting to lower rates by...

Market Call Source: BNN Bloomberg December 14, 2023

Chris Blumas' Top Picks: December 13, 2023

Chris Blumas, portfolio manager, Raymond James Investment Counsel FOCUS: North American large caps  MARKET OUTLOOK: Concerns about inflation have prompted central banks around the world to tighten monetary conditions, but the pace of tightening has...

Source: Financialpost December 14, 2023

In the return to office, these people are still most likely to be working from home

Victoria Wells: More parents with young children work from home, Statistics Canada saysFewer Canadians are now working from home compared to last year, but there’s one group more likely to be avoiding the daily commute: parents of young children. We a...

Source: Financialpost December 14, 2023

Milei's shock therapy already leaves investors craving more

Just two days after taking office, Javier Milei’s government announced 10 new measures to pull Argentina’s economy out of its funkJust two days after taking office, Javier Milei’s government announced 10 new measures to pull Argentina’s economy out of its fu...

Source: Financialpost December 14, 2023

Fed holds interest rate, plans to cut 3 times in 2024

Fed likely done raising ratesWASHINGTON — The United States Federal Reserve kept its key interest rate unchanged Dec. 13 for a third straight time, a sign that it is likely done raising rates after having imposed the fastest string of increases in four decad...

Source: Financialpost December 14, 2023

Scotiabank CEO shifts focus to North America, vows 'significant' change in mindset

Scott Thomson to reallocate capital from developing markets to developed ones Get the latest from Barbara Shecter straight to your inbox Sign Up The Bank of Nova Scotia will reallocate capital from developing markets to developed ones, prioritizing Ca...

Source: BNN Bloomberg December 13, 2023

Markets today: Traders betting Fed peak is here curb pivot wagers

Wall Street saw small moves in the run-up to the Federal Reserve decision, with underwhelming inflation data reinforcing speculation policymakers will be in no rush to claim victory just yet. While markets continued to bet officials will be on hold Wednesd...