Daily News

Source: Financialpost February 20, 2024

What is quantitative tightening and what happens when the Bank of Canada stops it?

The central bank may halt the program sooner than expected, some economists sayThe Bank of Canada could wind down its quantitative tightening program as soon as April and will most likely do so no later than June, an economist at the Royal Bank of Canada pre...

Source: Financialpost February 20, 2024

Investors better hope the blasts from the past don't rock them today

Martin Pelletier: Magnificent Seven whittled down to Magnificent Three complemented by a few smaller AI companiesWe find it fitting that the Technotronic classic Pump up the Jam perfectly characterizes the current market environment, especially since it was...

Source: Financialpost February 19, 2024

Telecom competition is ramping up in Canada

Watch: Regulators focused on having at least four competitors in wireless marketDavid Heger, senior equity analyst at Edward Jones, talks with Financial Post’s Larysa Harapyn about how telecom competition is ramping up in Canada. He discusses why regulators,...

Source: Financialpost February 18, 2024

Loblaw, Walmart urged to sign grocery code or risk legislation

Both companies have said they will not sign the code, warning it could raise prices for CanadiansOTTAWA — The House of Commons committee studying food prices is urging Loblaw Cos. Ltd. and Walmart Inc. to sign on to the grocery code of conduct or risk having...

Source: Financialpost February 18, 2024

TD Bank to pay $16 million to settle insufficient funds class-action lawsuit

But scrutiny grows on sector to cut or eliminate chargesTORONTO — The high cost of not having enough money is being brought into focus by a class-action lawsuit at one of the country’s largest banks. We apologize, but this video has failed to load. Tr...

Source: Financialpost February 18, 2024

What you should be doing for your 2023 tax return right now

Tax expert Jamie Golombek offers tips on CRA deadlines and changesReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Tax season is fast...

Source: Financialpost February 18, 2024

Why market bets on interest rate cuts are slipping

Watch: Earl Davis of BMO Global Asset Management unpacks why investors are scaling back their interest-rate-cut expectationsEarl Davis, head of fixed income at BMO Global Asset Management, talks with Financial Post’s Larysa Harapyn about how data on inflatio...

Source: BNN Bloomberg February 17, 2024

Markets today: Wall Street ends wild week on sour note after PPI

  The world’s biggest bond market extended this year’s selloff and stocks dropped from a record on speculation that the U.S. Federal Reserve will be in no rush to cut interest rates. Another report signalling inflation is showing signs of being “stickie...

Source: BNN Bloomberg February 17, 2024

Rate-cut delays are a headwind for Canadian stocks, IG strategist Petursson warns

Canada’s main equity index is poised to struggle if investors determine that central banks are going to delay rate cuts for a while, IG Wealth Management’s chief investment strategist said. Traders have become less optimistic that policymakers will lower b...

Source: BNN Bloomberg February 17, 2024

Three small-cap industrial stocks to consider: portfolio manager

Small-cap industrial stocks have climbed alongside broader equity markets over the last few months, and are now narrowly lagging behind the S&P 500, but an expert says the sector has more room to run. Dan Skubiz, senior portfolio manager at Ziegler Capital...