Daily News

Source: Financialpost July 05, 2024

Bank of Canada's June rate cut was like bringing a butter knife to a gunfight

Robert McLister: Measly 0.25% reduction not enough for legions of sidelined homebuyersWith national home prices treading water, real estate inventory growing and housing affordability still atrocious, last month’s quarter-point rate cut from the Bank of Cana...

Source: Financialpost July 05, 2024

Expect the CRA to come knocking if you ‘hire’ your spouse to split income

Jamie Golombek: While spousal employment relationships can be legitimate, tax agency will expect to see proofReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made thro...

Source: BNN Bloomberg July 04, 2024

Markets today: S&P 500 hits fresh peak in run-up to jobs report

Wall Street traders sent stocks higher as bonds yields fell after a string of weaker-than-estimated economic reports reinforced the case for the Federal Reserve to start cutting rates this year. In a shortened session ahead of the US holiday, the S&P 500 h...

Market Call Source: BNN Bloomberg July 04, 2024

Cole Kachur's Top Picks: July 3, 2024

Cole Kachur, portfolio manager and senior investment advisor, Wellington-Altus Private Wealth FOCUS: North American stocks, ETFs  MARKET OUTLOOK: Stocks have had a great first half of the year and generally, this is a harbinger of good things to co...

Source: Financialpost July 04, 2024

HBC to buy Neiman Marcus for US$2.65 billion, combine it with Saks Fifth Avenue

Deal would unite America’s two largest high-end department-store chainsThe owner of Saks Fifth Avenue is close to acquiring Neiman Marcus Group for US$2.65 billion, according to a person familiar with the matter — a deal that would unite America’s two larges...

Source: Financialpost July 04, 2024

Howard Levitt: Employers should beware of medical notes from Dr. Summeroff

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by Workday Workday The phenomenon presents a challen...

Source: Financialpost July 04, 2024

Couple is aggressively trying to pay off mortgage before retirement, but is it too much?

Expert says they should seriously consider downsizing once they retireReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Clive* and Juli...

Source: Financialpost July 04, 2024

Posthaste: Economist 'busts some myths' about housing affordability in Canada

Desjardins Financial looks at whether they are fact or fiction in a new report We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Economist 'busts some myths' about hou...

Source: BNN Bloomberg July 03, 2024

BlackRock, BNP see plenty of AI fuel left to drive equity rally

The artificial intelligence frenzy is nowhere near finished driving global equities to record highs, according to money managers interviewed by Bloomberg News. Investors and market strategists at major firms including BlackRock Inc. and BNP Paribas Asset M...

Source: BNN Bloomberg July 03, 2024

Markets today: S&P 500 rises toward all-time high as Tesla up 9 per cent

  Wall Street traders sent stocks to all-time highs as bond yields fell, with traders looking at prospects for U.S. Federal Reserve rate cuts after Jerome Powell cited signals the U.S. is back on a disinflationary path. For the first time in its history...