Daily News

Source: BNN Bloomberg November 28, 2023

TSX recap: Index dips 0.35% on economic concern

Canada's main stock index closed down moderately Monday along with U.S. markets as investors stuck to a cautious outlook on the economy. The S&P/TSX Composite Index ended down 70.45 points, or 0.35 per cent, at 20,032.66, led by declines in energy and base...

Source: Bankofcanada November 28, 2023

Moving money with confidence: Canada’s new regime for retail payments supervision

Introduction Good afternoon. And thank you for inviting me to join you today. I’m curious. With a show of hands, tell me, how many of you have already...

Source: Financialpost November 28, 2023

Take-privates in Canada outnumber IPOs, wipe billions off TSX as market treads water

A meandering benchmark index and a slew of companies going private have left Canada’s capital markets in a precarious positionA meandering benchmark index and a slew of companies going private have left Canada’s capital markets in a precarious position....

Source: Financialpost November 28, 2023

Dividend ETF strategy misfires, wiping out billions

It’s the latest lesson on the dangers of market timingReeling from a bear market last year, beaten-up investors decided to send more than US$60 billion to exchange-traded funds focusing on dividends. We apologize, but this video has failed to load. Tr...

Source: Financialpost November 28, 2023

Canada's big banks face more credit losses amid mortgage renewal crunch

Credit losses must peak and interest rate cuts must be closer at hand before banks enter recovery territory, analysts say Get the latest from Barbara Shecter straight to your inbox Sign Up Credit losses and expense controls will be closely watched whe...

Source: Financialpost November 28, 2023

Diane Francis: Trudeau tries to loot charitable sector to fund his high-spending government

Proposed changes to the alternative minimum tax will only serve to further hurt Canadian societyThe profligate Trudeau government is proposing a tax reform to ensure fair tax contributions from all, but in reality it’s nothing more than a stealth tax hike de...

Financial Times Source: Financialpost November 28, 2023

How geopolitics caught up with Canada

Canada once saw itself as nearly immune from world's problems but is now immersed in standoffs with India, ChinaIn the 1920s, the Canadian politician Raoul Dandurand described the country as a “fireproof house” — surrounded on three sides by the Pacific, Arc...

Source: Bankofcanada November 27, 2023

Bank of Canada announces finalists for the ninth annual Governor’s Challenge

OTTAWA, ONTARIO — The Bank of Canada has announced the five finalist teams in the 2023–24 edition of The Governor’s Challenge, a competition where university students simulate the role of advisor to t...

Source: Financialpost November 27, 2023

Canada shelves proposal to eliminate mortgage bond program

$250-billion program saved after pressure from investors who wanted the product kept aliveCanada backed away from the idea of eliminating its $250-billion mortgage bond program, responding to pressure from investors who wanted the product kept alive....

Source: Financialpost November 27, 2023

How students can get more money for post-secondary school

It's a good time to revisit how much money to take out of an RESP because there's a new upper withdrawal limitReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made thr...