Daily News

Source: Financialpost June 18, 2024

Bank of Canada rate cut seen revitalizing housing market after 'sleepy' May

CREA predicts this could be the last slow month now that interest rates are moving lowerThe Canadian real estate market showed further signs of sluggishness in May, with the national benchmark home price slipping to $714,300, down 0.2 per cent from April to...

Source: Financialpost June 18, 2024

Diane Francis: Protecting the 'traitors'

Canadians have a right to know if their elected representatives have been accused of collaborating with a foreign governmentCanadians have remained in the dark for years about interference by China and other foreign countries in their democracy. Inquiries ha...

Source: Financialpost June 18, 2024

Ted Rechtshaffen: Canada’s shifting values are leading us to a scary economic future

Canada has truly lost the values that made it a great country and our economic future is at real riskCanada’s core values have shifted so meaningfully that I am afraid they are destroying the economic future of this country for our children and grandchildren...

Source: Financialpost June 18, 2024

Canadians getting more anxious about their finances as they await more rate cuts

55% are worried about their personal and day-to-day family financesReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. More Bank of Canad...

Source: Financialpost June 17, 2024

National Bank's bid to buy Canadian Western Bank 'a strategic win'

Watch: Nigel D'Souza of Veritas breaks down the proposed deal and looks at whether more consolidation is coming in the sectorNigel D’Souza, senior investment analyst at Veritas Investment Research, talks with Financial Post’s Larysa Harapyn about how Nationa...

Source: Financialpost June 17, 2024

Fixing the broken landlord and tenant dispute resolution system could help address affordability

An efficient conflict resolution process could help clear the path for tens of thousands of new rental unitsRental housing is scarce in Canada, with demand far exceeding supply. Consequently, rents have skyrocketed over the past few years. The solution, of c...

Source: Financialpost June 16, 2024

Opinion: Time to stop complaining about the capital gains hike and get back to work

We are all against new taxes. But it’s not that simpleIt would seem bizarre that anyone would welcome new taxes, especially those that have to pay them. And I am guessing I am in the top one per cent of Canadian taxpayers. So, is what you are about to read a...

Source: BNN Bloomberg June 15, 2024

Markets today: Traders shun risk as French turmoil rattles globe

A renewed wave of anxiety gripped global markets as concern over a political crisis in France deepened, driving stocks down while spurring a flight to haven assets — from bonds to gold and the U.S. dollar. Traders took some risk off the table, with French...

Market Call Source: BNN Bloomberg June 15, 2024

Greg Newman's Top Picks: June 14, 2024

Greg Newman, senior wealth advisor and portfolio Manager, Newman Group, ScotiaMcLeod FOCUS: North American equities, dividend stocks  MARKET OUTLOOK: Markets are excited about a re-acceleration in earnings growth but disappointed with sticky inflat...

Source: BNN Bloomberg June 15, 2024

The Week Ahead: Canada housing starts; BoC Summary of Deliberations

Monday, June 17 8:15 a.m. Canada Housing Starts (May) 9:00 a.m. Canada Existing Home Sales, MLS Home Price Index (May) Earnings: Lennar Corp Tuesday, June 18 8:30 a.m. U.S. Retail Sales (May) Wednesday, June 19 U.S. markets clo...