Daily News

Source: Bankofcanada January 24, 2024

Bank of Canada maintains policy rate, continues quantitative tightening

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global econom...

Source: Financialpost January 24, 2024

Zara's billionaire owner becomes an Amazon landlord in Canada

Paid US$272 million for facility in BurnabyFast fashion billionaire Amancio Ortega’s family office has acquired a Canadian warehouse leased by Amazon.com Inc., in the latest expansion of his property portfolio. We apologize, but this video has failed...

Source: Financialpost January 24, 2024

Big CRA funding increases could be better spent elsewhere

Kim Moody: It’s long overdue to question why the CRA’s headcount is growing while its 'client experience' is less than appealingReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from...

Source: Financialpost January 24, 2024

Bank of Canada expected to hold interest rate steady, but tone could offer clues on cuts to come

Here's what economists will be watching in the central bank's decision tomorrowThe Bank of Canada will make its first interest rate decision of 2024 on Wednesday, with investors and consumers looking for clues as to when they’ll see relief from the high cost...

Source: Financialpost January 24, 2024

Posthaste: Consumer spending is weaker than people realize, says CIBC — and that could get ugly

Bank of Canada will need to cut deeper than markets expect We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Consumer spending is weaker than people realize, says C...

Economy Source: Financialpost January 24, 2024

What’s a population trap and how do you get out of it?

Canada lacks the infrastructure and capital stock to absorb current population growth, warn economistsEconomists at the National Bank of Canada released a report recently arguing that Canada is caught in a “population trap.” But what exactly does that mean a...

Economy Source: Financialpost January 24, 2024

Threat of another Trump presidency puts Canada-U.S. relations in focus at cabinet retreat

Millions of jobs depend on stability of intertwined economies, industry minister saysMONTREAL — Industry Minister François-Philippe Champagne says the Canadian and American economies are more integrated than ever, which should act as a buffer against the thr...

Market Call Source: BNN Bloomberg January 23, 2024

Christine Poole's Top Picks: January 22, 2024

Christine Poole, CEO and managing director of GlobeInvest Capital Management  FOCUS: North American large-cap stocks Market outlook: Financial markets ended the year with an impressive finish in the fourth quarter. Lower interest rates, a growin...

Source: BNN Bloomberg January 23, 2024

Three automotive stocks to consider: CFRA analyst

Tesla is trading at a two-month low amid softening demand for electric vehicles, but an analyst with CFRA Research has still identified the carmaker as one of three stocks to buy in the automotive sector. Garrett Nelson, vice president and senior equity an...

Source: BNN Bloomberg January 23, 2024

U.S. stocks rise as Wall Street builds on record highs

Stocks saw small gains while still closing at fresh records, with traders weighing strong economic signals and prospects for corporate profits amid warnings that the market has run too far, too fast. Equities are shaking off a rocky start to the year on be...