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Source: Financialpost June 20, 2024

New capital rules will be costly for Canadian banks and economy, says analyst

Basel regulations could crimp lending and put banks on unequal footing with global counterparts Get the latest from Barbara Shecter straight to your inbox Sign Up New capital rules for Canada’s largest banks are expected to come with a raft of busines...

Source: Financialpost June 20, 2024

Canada's population topped 41 million. But is this the rise before the fall?

Some economists aren’t convinced the government will be able to meet its goal Get the latest from Naimul Karim straight to your inbox Sign Up Canada’s population surpassed 41 million in April, just 10 months after it hit 40 million in June 2023. W...

Source: Financialpost June 20, 2024

Bank of Canada governors were in agreement on June cut, deliberations show

A considerable amount of time was spent discussing the potential risks to the inflation and economic outlooksAfter four consecutive months of easing core inflation and indications of further downward momentum in prices, members of the Bank of Canada‘s govern...

Source: Financialpost June 20, 2024

The CRA is watching how often you trade marketable securities in your TFSA

Frequent trading in a TFSA has been a focus area for the CRA’s audit and reassessment activitiesA recent decision by the Federal Court of Appeal serves as a reminder to all Canadians that if you actively trade marketable securities in your tax-free savings a...

Source: BNN Bloomberg June 19, 2024

Bitcoin touches a 1-month low in a broad crypto market selloff

Bitcoin touched a one-month low as outflows from digital-asset investment products and the prospect of higher-for-longer U.S. borrowing costs sapped the cryptocurrency market. The largest digital asset shed as much as 2.7 per cent on Tuesday, reaching a le...

Source: BNN Bloomberg June 19, 2024

Markets today: U.S. stocks rise as bullish Nvidia call boosts AI trade

A rally in chipmakers drove stocks to another record, with traders betting the potential for Federal Reserve rate cuts will keep fueling the industry that has powered the equity market this year. The S&P 500 came closer to the historic 5,500 mark. Nvidia C...

Source: BNN Bloomberg June 19, 2024

Nvidia becomes world's most valuable company as AI rally steams ahead

Nvidia Corp.’s relentless rally has propelled the semiconductor giant’s market capitalization over its mega-cap tech peers, helping it clinch the title of the world’s most-valuable company as the artificial intelligence wave continues.  The stock rose 3.5...

Market Call Source: BNN Bloomberg June 19, 2024

Chris Blumas' Top Picks: June 18, 2024

Chris Blumas, portfolio manager, Raymond James Investment Counsel Ltd. FOCUS: North American large caps  MARKET OUTLOOK: Last week the U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) surprised the market by coming in cooler than expe...

Source: BNN Bloomberg June 19, 2024

Nvidia extends rally as bull sees valuation nearing US$5 trillion

Shares of Nvidia Corp. surged more than 200 per cent over the past year and one of its most bullish analysts is projecting that the semiconductor giant will extend its rally, pushing its market value to nearly US$5 trillion in the coming year.  Rosenblatt...

Source: BNN Bloomberg June 19, 2024

Energy stocks help nudge S&P/TSX Composite higher, U.S. stock markets mixed

Strength in the energy sector helped Canada's main stock index inch higher on Tuesday as the price of oil moved up. The S&P/TSX Composite Index closed up 23.42 points at 21,611.30. In New York, the Dow Jones industrial average was up 56.76 points at 38,...