Daily News

Source: BNN Bloomberg March 14, 2024

TSX recap: Index climbs 0.64% on strength in energy

Strength in the energy sector helped lead Canada's main stock index higher on Wednesday, while U.S. stock markets were mixed. The S&P/TSX Composite Index closed up 139.09 points, or 0.64 per cent, at 21,970.11. In New York, the Dow Jones Industrial Aver...

Source: BNN Bloomberg March 13, 2024

Markets today: U.S. stock traders bracing for worst shrug off hot CPI

Stocks climbed to a fresh record as the latest inflation figures did little to alter bets the Federal Reserve will cut rates this year — even if officials keep a more cautious stance for now. An equity decline that lasted just a few minutes gave way to a r...

Source: BNN Bloomberg March 13, 2024

Real estate, infrastructure losses sap Ontario Teachers' returns

Ontario Teachers’ Pension Plan gained 1.9 per cent last year, underperforming its benchmark by a wide margin, as it lowered valuations on real estate and infrastructure investments hit by higher interest rates. The write-downs also stemmed from “asset-spec...

Source: BNN Bloomberg March 13, 2024

TSX recap: Index ticks up after U.S. inflation data

Canada's main stock index posted a modest gain on Tuesday, while U.S. markets rose after the latest data on inflation. The S&P/TSX Composite Index closed up 61.81 points, or 0.28 per cent, at 21,831.02. In New York, the Dow Jones Industrial Average was...

Source: Financialpost March 13, 2024

Ontario Teachers' returns disappoint as markets soar and interest rates hit real estate

Pension plan prepared for recession and missed out on market gains Get the latest from Barbara Shecter straight to your inbox Sign Up The Ontario Teachers’ Pension Plan ended 2023 with disappointing results after allocating assets based on expectation...

Source: Financialpost March 13, 2024

Posthaste: Risks grow that the Bank of Canada will wait too long to pull the trigger on rate cuts

Now greater odds the central bank will move too late than too early, say economists We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Risks grow that the Bank of Ca...

Source: Financialpost March 13, 2024

William Watson: Poilievre challenges the press. Good. It’s time somebody did

Vigorous back-and-forths reveal much more than 10-second clips of the Tory leader, or any leader, wrapped in reporters' personal opinionsI happened to catch a CBC Front Burner podcast last week in which host Jayme Poisson interviewed the inestimable Paul Wel...

Source: Financialpost March 13, 2024

Joe Oliver: Hands off my pension! That includes you, Chrystia Freeland

If governments think pension plans under-invest in this country, they should make our taxes and regulations more investment-friendlyLast week, 92 prominent senior executives, investment managers and individual investors signed an open letter to the federal a...

Source: BNN Bloomberg March 12, 2024

Markets today: U.S. stock rally stalls in countdown to inflation data

Wall Street traders found little encouragement to keep pushing the stock market higher at the start of a week that will bring the last inflation figures before the next Federal Reserve decision. Equities edged lower on Monday, with investors awaiting more...

Market Call Source: BNN Bloomberg March 12, 2024

Bill Harris' Top Picks: March 11, 2024

Bill Harris, partner and portfolio manager at Avenue Investment Management FOCUS: Canadian large, mid-caps MARKET OUTLOOK: Short-term interest rates might not be cut as fast as the market expects, given the strength of the North American economy. I...