Daily News

Source: BNN Bloomberg December 08, 2023

Laurentian stock is 'where money goes to die': portfolio manager

After an earnings miss from Laurentian Bank of Canada, a portfolio manager says he sees a difficult period ahead for the Montreal-based lender.  Laurentian Bank of Canada reported earnings on Thursday that fell short of all of its financial goals in 2023....

Source: BNN Bloomberg December 08, 2023

TSX recap: Index finishes slightly higher amid gains in base metals

Canada's main stock index eked out a gain Thursday as base metals helped offset weakness in energy, while U.S. markets rose. The S&P/TSX Composite Index closed up 4.30 points at 20,278.51. In New York, the Dow Jones Industrial Average was up 62.95 points a...

Source: Financialpost December 08, 2023

Bank of Canada says immigration hasn't added to inflation, but has hit housing market

5 key take-aways from deputy governor's speech on how immigration is impacting the economyThe recent influx of newcomers to Canada has not meaningfully added to overall inflation, though it has put pressure on the country’s housing market, Bank of Canada dep...

Source: Financialpost December 08, 2023

Ottawa orders emissions cuts of up to 38% for oil and gas companies

Caps a historic first for a fossil-fuel producing country, energy minister saysCanada will require its oil and gas industry to cut emissions to 35 per cent to 38 per cent below 2019 levels in six years in what the government is calling a historic first for a...

Source: Financialpost December 08, 2023

Plummeting bond yields could mean lower mortgage rates by spring, say industry watchers

Bond market is signalling that interest rate cuts are on the wayTwenty months after the Bank of Canada launched one of the most intense interest-rate hiking cycles on record, the bond market is indicating that cuts are on the way. We apologize, but th...

Source: Financialpost December 08, 2023

Tax numbers for 2024 are in and inflation has pushed them substantially higher

Jamie Golombek: The new numbers you need to know, including tax brackets, CPP contributions, TFSA limit and moreReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made t...

Market Call Source: BNN Bloomberg December 07, 2023

Daniel Straus' Top Picks: December 6, 2023

Daniel Straus, managing director, National Bank of Canada Financial Markets FOCUS: ETFs and financial products research  MARKET OUTLOOK: As ETF investors round the bend into year-end, they may be doing so with risk appetites a notch above the cauti...

Source: BNN Bloomberg December 07, 2023

Analysts lower ratings on Shopify after investor day

Analysts have downgraded their ratings of Shopify Inc. following its investor day.  On Tuesday, the Ottawa-based e-commerce firm held its investor day, which included presentations from key executives at the company. In a note Wednesday, a team of analysts...

Source: BNN Bloomberg December 07, 2023

Markets today: global bonds power ahead as dovish bets take hold

The rally in bonds around the globe gained further traction, with soft economic readings in both the U.S. and Europe fueling speculation that major central banks will cut rates in the year to come. Just two days ahead of the U.S. jobs report, data showed t...

Source: BNN Bloomberg December 07, 2023

TSX recap: Index finishes slightly lower amid losses in energy stocks

Canada's main stock index was down more than 100 points on Wednesday, dragged lower by losses in energy as oil sank below US$70 a barrel, while U.S. markets were also down.  The S&P/TSX Composite Index closed down 101.72 points, or 0.5 per cent, at 20,274....