Daily News

Source: Financialpost November 30, 2023

'Catastrophic': Fight between Zuckerberg and Trudeau battering Canada's media outlets

Media entrepreneurs who had been making gains with subscribers, advertisers getting hurtCanadian media companies are caught in the middle of a standoff between Silicon Valley and Prime Minister Justin Trudeau’s government, with their audiences unable to acce...

Source: Financialpost November 30, 2023

Global investors sensing opportunity in Canada's housing shortage: Colliers

Multi-family properties emerging as top investor favourite in 2024Canada’s housing shortage is starting to draw the attention of global investors who are likely to favour Canadian multi-family properties in 2024, a major real estate investment management fir...

Source: Financialpost November 30, 2023

High housing prices a 'conundrum' for Bank of Canada, National Bank economist says

Central bank will only be able to cut by 100 basis points, Stefane Marion saysCanadian house prices that remain elevated due to record population growth, but despite restrictive monetary policy, complicate the Bank of Canada’s inflation fight, a top economis...

Source: Financialpost November 30, 2023

Rosenberg sees Bank of Canada slashing interest rate to avert household debt crisis

Economist says central bank needs to cut up to 3 percentage points to avoid severe recessionHistoric levels of household debt are straining the finances of Canadians to the point that it will be impossible for the Bank of Canada to keep interest rates at cur...

Source: BNN Bloomberg November 29, 2023

Markets today: Treasuries climb as Fedspeak rekindles pivot bets

Treasuries extended their November rally, the dollar fell and stocks edged higher on speculation the Federal Reserve is done with interest-rate hikes and will be able to ease policy next year. Fed swaps are now anticipating over 100 basis points of rate cu...

Market Call Source: BNN Bloomberg November 29, 2023

Mike Vinokur's Top Picks: November 28, 2023

Mike Vinokur, portfolio manager at MV Wealth Partners with iA Private Wealth FOCUS: North American large caps  MARKET OUTLOOK: We are cautiously optimistic about equity markets given that markets have been able to discount a lot of bad news this ye...

Source: BNN Bloomberg November 29, 2023

TSX today: Energy stocks help lift index higher

Strength in the energy stocks helped lift Canada's main stock index higher in afternoon trading, while U.S. stock markets also rose. The S&P/TSX Composite Index was up 0.83 points at 20,033.49. In New York, the Dow Jones industrial average was up 127.65...

Company News Source: BNN Bloomberg November 29, 2023

Scotiabank misses estimates on higher-than-expected provisions

Bank of Nova Scotia missed fiscal fourth-quarter profit estimates as the company set aside more money than expected for potentially souring loans. Provisions for credit losses totaled $1.26 billion (US$925 million), more than the $870 million analysts had...

Source: BNN Bloomberg November 29, 2023

Approach art investing as you would stocks and bonds: expert

Once a hobby of the ultra-rich, fine art collecting has become more accessible to private investors, and one expert says it’s best to approach art investing in much the same way you would a stock or bond. Rob Cowley, Canadian art specialist and president o...

Source: Bankofcanada November 29, 2023

What we heard: Bank of Canada publishes report on digital dollar consultations, outlines further engagement plans

The Bank of Canada today published a report summarizing the feedback it has received to date about a potential digital Canadian dollar. Since 2020, the Bank has engaged widely with Canadians, as well...