Daily News

Economy Source: Financialpost February 01, 2024

Canada's economy grows more than expected, easing pressure on Bank of Canada to cut rates

Heating up of the Canadian economy may push expectations for a first rate cut further down the lineCanada’s real gross domestic product grew 0.2 per cent in November and early estimates suggest December growth was even stronger, a sign of economic resilience...

Source: BNN Bloomberg January 31, 2024

Markets today: stock rally stalls as tech earnings, U.S. Fed in focus

Stocks struggled for solid footing ahead of earnings from some of the tech behemoths that have powered the equity resurgence, with traders also sifting through a batch of economic data and awaiting the Federal Reserve rate decision. The stakes are high for...

Source: BNN Bloomberg January 31, 2024

Canadians being 'very careful' amid high rates: CWB CEO

As Canadians watch for possible central bank rate cuts in 2024, the CEO of CWB Financial Group says people are being “very careful as they’re looking at their decisions on investing.” In an interview with BNN Bloomberg, Chris Fowler said CWB has seen “a lo...

Source: BNN Bloomberg January 31, 2024

Three software stocks positioned to grow in 2024: analyst

A software analyst says he doesn’t expect the sector will fare as well in 2024 as it did during the AI hype of last year, but he still sees buying opportunities in the space. Gil Luria, senior software analyst at D.A. Davidson, told BNN Bloomberg he expect...

Company News Source: BNN Bloomberg January 31, 2024

Alphabet shares fall after search revenue misses estimates

Alphabet Inc. reported fourth-quarter revenue from its core search advertising business that fell short of analysts’ estimates, overshadowing an otherwise strong end to the year. Sales, excluding partner payouts, jumped 15 per cent to US$72.3 billion in th...

Market Call Source: BNN Bloomberg January 31, 2024

Alex Ruus' Top Picks: January 30, 2024

Alex Ruus, portfolio manager, Arrow Capital Management FOCUS: North American stocks MARKET OUTLOOK: After several years of monetary policy tightening from the central banks with interest rates rising to roughly five per cent, it appears they are no...

Source: BNN Bloomberg January 31, 2024

TSX recap: Index inches 0.13% higher on energy stocks

Canada's main stock index closed modestly up Tuesday thanks in part to a rise in energy stocks, while U.S. stock markets were mixed. The S&P/TSX Composite Index ended up 27.81 points, or 0.13 per cent, at 21,227.87. In New York, the Dow Jones Industrial...

Source: Financialpost January 31, 2024

Housing prices rose the most in these 5 spots in Canada in 2023

Mauricie, Que., had the biggest increase at 17.3%In a housing market dominated by high interest rates and slowing sales, home prices remained stubbornly elevated across the majority of Canada as the curtain fell on 2023. The most recent data released by the...

Source: Financialpost January 31, 2024

Joe Oliver: Liberals underestimate Pierre Poilievre at their peril

If they really want to beat him, they must try to understand why he appeals to so many votersIn a much-remarked-on recent column — “The case for Trump — by someone who wants him to lose” — Bret Stephens of The New York Times gave U.S. Democrats a wake-up cal...

Source: Financialpost January 31, 2024

Working from home has a dark side, research suggests

Some people risk feeling more lonely, anxious and restless while working remotely, but there are ways to fight backProponents of working from home like to tout benefits such as increased productivity and better work-life balance, but research suggests remote...