Daily News

Source: Financialpost June 03, 2024

Higher for longer rates mean no escape from the debt squeeze

An estimated 76% of outstanding Canadian mortgages will come up for renewal by 2026Companies going bust, mounting credit card debt, higher mortgage bills. We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see oth...

Source: Financialpost June 02, 2024

'The airline cemetery:' Why low-cost airlines don't work in Canada

Watch: John Gradek says duopoly of Air Canada and WestJet Airlines kills competitionJohn Gradek, faculty lecturer, supply networks at Montreal’s McGill University, talks with Financial Post’s Larysa Harapyn about how the Canadian Competition Bureau is lookin...

Source: Financialpost June 02, 2024

Ottawa posts $50.9 billion deficit for 2023-24 fiscal year

Revenues were up $13.7 billion, or 3.2%, to $444.8 billionOTTAWA — The federal government ended the 2023-24 fiscal year with a deficit of $50.9 billion. We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other...

Source: BNN Bloomberg June 01, 2024

Trump Media shares swing wildly and then tumble a day after former president was convicted

Shares of Trump Media & Technology Group swung wildly at the opening bell Friday, falling rapidly after it appeared that the owner of social networking site Truth Social, would bounce back despite the conviction of the former President Donald Trump in his hus...

Source: BNN Bloomberg June 01, 2024

The Week Ahead: Bank of Canada interest rate decision

Tuesday, June 4 Vancouver home sales (May) Earnings: Bath & Body Works, Hewlett Packard Enterprise Wednesday, June 5 9:45 a.m. Bank of Canada policy announcement 10:30 a.m. Bank of Canada news conference Toronto home sales (May) Earni...

Source: BNN Bloomberg June 01, 2024

Gap shares surge as celebrity-driven promotions, new styles lure shoppers

Wall Street likes what Gap Inc. is selling.  Shares jumped 15 per cent at 9:34 a.m. in New York on Friday following an eye-popping earnings report that showed a fashion overhaul by new Chief Executive Officer Richard Dickson is working.  Dickson, famed...

Source: BNN Bloomberg June 01, 2024

Markets today: S&P 500 spikes in final 20 minutes of U.S. trading

A renewed bout of volatility gripped stocks in the final stretch of May, with the market finishing higher amid a rotation between technology and other industries. After dropping almost one per cent amid a selloff in tech megacaps, the S&P 500 rose about as...

Market Call Source: BNN Bloomberg June 01, 2024

Rick Rule's Top Picks: May 31, 2024

Rick Rule, President & CEO, Rule Investment Media LLC FOCUS: Natural resource stocks   MARKET OUTLOOK: Despite some economic headwinds, concerns about global geo politics, and domestic political turmoil in the U.S., both debt and equity markets co...

Source: Financialpost June 01, 2024

Fix or float is the big mortgage question as Bank of Canada rate cuts approach

Mortgage strategist Robert McLister looks at whether rolling the dice is worth the thrillThis Wednesday could be a game-changer for family budgets everywhere. If not then, mark your calendars for July 24. We apologize, but this video has failed to load....

Source: Financialpost June 01, 2024

Market bets on Bank of Canada rate cut shoot to 80% after latest Canadian and U.S. data

Robert McLister: The writing's on the wall — lower variable rates are comingThe economic deities on Friday answered the prayers of those banking on lower rates. We apologize, but this video has failed to load. Try refreshing your browser, ortap here to s...