Daily News

Source: Bankofcanada June 13, 2024

Reviewing our pandemic actions

Deputy Governor Sharon Kozicki talks about the importance of central bank transparency and accountability. She looks at the exceptional monetary policy measures th...

Source: Financialpost June 13, 2024

National Bank's bid to buy Canadian Western signals more consolidations in banking sector

Larger banks will try to gain more control and tackle any headwinds they might face in the near term, analysts say Get the latest from Naimul Karim straight to your inbox Sign Up National Bank of Canada’s bid to buy Canadian Western Bank is yet anothe...

Source: Financialpost June 13, 2024

Bank of Canada needs to rebuild public trust after inflation: Tiff Macklem

Governor says recent bout of inflation has made people feel cheated and angryMONTREAL — Public trust in the Bank of Canada has been dented by post-pandemic inflation, and it needs to be rebuilt, said governor Tiff Macklem. We apologize, but this video ha...

Source: Financialpost June 13, 2024

5 ways to prepare your portfolio for more rate cuts

Investors can still look to tilt their portfolio in certain ways to position themselves for possible longer-term gainsAfter much angst over inflation, the weaker economy in this country finally prompted the Bank of Canada to cut its interest rate by 0.25 per...

Source: Financialpost June 13, 2024

Opinion: Bank of Canada rate cuts won’t necessarily reduce mortgage costs

Mortgage rates move with bond rates and they're already 'inverted' — lower than short rates, which isn't normal and likely won't lastBy Don Drummond We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other vid...

Source: Financialpost June 13, 2024

Posthaste: How much are variable-rate mortgage holders saving after the rate cut?

The average yearly savings in Toronto and Vancouver amounts to $1,860 and $1,994, respectively We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: How much are variable-...

Company News Source: BNN Bloomberg June 12, 2024

Apple unveils 'AI for the rest of us' in bid to retake spotlight

Apple Inc. took the wraps off long-awaited new artificial intelligence features, including a partnership with ChatGPT maker OpenAI, betting that a personalized and understated approach to the technology will win over customers. A new AI platform called App...

Source: BNN Bloomberg June 12, 2024

Markets today: U.S. stocks rise as solid Treasury sale spurs CPI bets

Stocks joined bonds higher after a solid $39 billion Treasury sale triggered speculation that Wednesday’s inflation reading will help make the case for the Federal Reserve to cut rates this year. Big tech led gains in equities as Apple Inc. jumped to a rec...

Source: BNN Bloomberg June 12, 2024

Allied Properties cut to junk by Moody’s on office vacancy woes

Moody’s Ratings downgraded Allied Properties Real Estate to junk status on Tuesday, citing the Canadian office landlord’s high debt levels, as well as weakening occupancy rates that will weigh on its ability to meet its obligations.   The bond grader cut t...

Source: BNN Bloomberg June 12, 2024

Private equity faces 'lost generation’ on higher interest rates

Private equity has to contend with a “lost generation” as interest rates remain higher for longer, according to Ontario Teachers’ Pension Plan Chief Strategy Officer Jonathan Hausman. “In the private equity world, we’re probably looking at a little bit of...