Daily News

Source: Financialpost May 23, 2024

OSFI flags mortgage renewals and real estate lending as top financial risks

Banking watchdog says higher mortgage payments will increase loans falling into arrears or defaults Get the latest from Barbara Shecter straight to your inbox Sign Up Canada’s top bank regulator says the biggest red flags on the country’s financial ho...

Source: Financialpost May 23, 2024

Posthaste: Canada at 'critical turning point' as poverty worsens, warns report

Visits to food banks up 50% We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canada at 'critical turning point' as poverty worsens, warns report Back to video...

Source: BNN Bloomberg May 22, 2024

Crypto lifted by Ether's biggest jump since 2022 on ETF outlook

Crypto prices have surged on signs of momentum toward U.S. approval of exchange-traded funds investing directly in the second-largest token Ether, a shift from a more downbeat outlook as recently as last week. The market-moving ETF speculation is something...

Source: BNN Bloomberg May 22, 2024

Goldman says equity investors bracing for return of volatility

Stock investors are bracing for a spike in market volatility, and upcoming events such as Nvidia Corp.’s earnings report can exacerbate any moves, according to Goldman Sachs Group Inc. strategists. The bank’s measure of risk appetite hit the highest since...

Source: BNN Bloomberg May 22, 2024

Markets today: S&P 500 hits fresh highs in countdown to Nvidia

Stocks rose to another record ahead of results from Nvidia Corp. — the giant chipmaker at the heart of the artificial-intelligence revolution that has powered the bull market. The bar is high for the Santa Clara, California-based company — whose shares hav...

Company News Source: BNN Bloomberg May 22, 2024

CIBC strikes deals to offload some discounted U.S. office loans

Canadian Imperial Bank of Commerce struck agreements to sell US$316 million of U.S. office loans at a discount. The bank reached deals with multiple buyers for loans backed by eight U.S. offices in cities including San Francisco, Seattle, Phoenix and Austi...

Source: BNN Bloomberg May 22, 2024

Bull market 'still very young,' driven by strong earnings: market strategist

One market strategist says earnings are continuing to power recent gains in equity markets.  Ryan Detrick, a chief market strategist at Carson Group, said in an interview with BNN Bloomberg on Tuesday that he thinks we are in the midst of a bull market in...

Source: BNN Bloomberg May 22, 2024

What a world growing older fast means for investing

Idanna Appio spent 15 years at the U.S. Federal Reserve Bank of New York analysing the history of sovereign debt crises. Now, as a fund manager at the US$138 billion First Eagle Investments, she’s reached a conclusion: U.S. Treasury bonds are too risky to hol...

Market Call Source: BNN Bloomberg May 22, 2024

Keith Richards' Top Picks: May 21, 2024

Keith Richards, president and chief portfolio manager, ValueTrend Wealth Management FOCUS: Technical analysis  MARKET OUTLOOK: Here’s a question for readers: if the economy is strong then why are typically defensive groups like consumer staples and...

Source: BNN Bloomberg May 22, 2024

'All eyes on TD' and U.S. probes as Canadian bank earnings begin

Toronto-Dominion Bank and its US money-laundering woes are set to dominate the start of Canadian bank earnings season this week.  It’s “all eyes on TD,” Bank of America Securities analysts led by Ebrahim Poonawala wrote, noting that investors may be more w...