Daily News

Source: BNN Bloomberg February 24, 2024

Markets today: Stock rally wanes after S&P 500 touches 5,100 mark

Stocks struggled to gain traction, with big tech losing steam after a powerful rally driven by the artificial-intelligence euphoria. A feat of multiple records in the world’s biggest equity market drove the S&P 500 briefly above 5,100. The “Magnificent Sev...

Market Call Source: BNN Bloomberg February 24, 2024

Jason Del Vicario's Top Picks: February 23, 2024

Jason Del Vicario, portfolio manager at Hillside Wealth Management | iA Private Wealth FOCUS: North American and global growth stocks  MARKET OUTLOOK: Our thoughts never waver regardless of the macro backdrop; if anything, we favour challenging eco...

Source: BNN Bloomberg February 24, 2024

TSX recap: Index basks in Nvidia's 'halo effect'

Canada's main stock index gained almost 100 points Friday, while U.S. markets mostly held on to their gains after soaring the day before.  This was a strong week for earnings, with a focus on chipmaker Nvidia and its "halo effect" on markets, said Tamsin W...

Source: Financialpost February 24, 2024

Jack Mintz: Vacant home taxes may be worsening the housing crisis

By making second homes unattractive to many potential owners, taxes on 'under-occupied' homes may actually reduce the overall supplyThe latest fashion in tax grabs is the vacant property tax (VPT). In Vancouver it’s called the “empty home tax.” In Toronto it...

Source: Financialpost February 24, 2024

Top headlines: Federal deficit soars to $23.6 billion as debt charges mount

The latest business news as it happensToday’s headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: Federal deficit soars to $23.6 billion as debt charge...

Source: Financialpost February 24, 2024

Lynx Air is shutting down — what to do if you’re stranded or need a refund

Operations cease Monday. Here's what that means to customers en route and those who booked flights in the futureUltra low-cost carrier Lynx Air will be ceasing operations after obtaining creditor protection under the Companies’ Creditors Arrangement Act, the...

Source: Financialpost February 24, 2024

Posthaste: Bank of Canada a lot closer to inflation target — and rate cuts — than it thinks, strategist says

Clear path to 2% inflation seen in third quarter instead of next year We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Bank of Canada a lot closer to inflation tar...

Source: Financialpost February 24, 2024

Venezuela calls in oil debt it once traded away for literal beans

Impoverished and desperate for cash, Venezuela is trying to collect old debts from a program that sold oil to poor countriesAt the height of Venezuela’s oil go-go days, tankers fanned out across the Caribbean, handing out 200,000 barrels a day to a constella...

Source: BNN Bloomberg February 23, 2024

Quebec pension hit with real estate loss as 'hostile' market persists

Quebec’s public pension manager reported a 7.2 per cent return in 2023, as losses in real estate detracted from big gains in its credit and stock portfolios. Caisse de Depot et Placement du Quebec has restructured its real estate business, shifting capital...

Source: BNN Bloomberg February 23, 2024

Nvidia stock still 'way undervalued' amid record rise: portfolio manager

Nvidia is on track to break the record for a single-session jump in market value, but a portfolio manager says the chipmaker is still underpriced and recommends the stock as one of his top picks in the tech sector. Francisco Bido, senior portfolio manager...