Daily News

Source: BNN Bloomberg February 24, 2023

GICs can be a good option for both older and younger investors: Expert

Amid market volatility, one financial expert said many investors are looking for low-risk opportunities in the form of guaranteed investment certificates (GICs).  Jason Heath, managing director at Objective Financial Partners, said in an interview with BNN...

Source: Bankofcanada February 24, 2023

Bank of Canada announces 2022–23 scholarship recipients

The Bank of Canada is pleased to announce this year’s recipients of its scholarship awards for students with disabilities, Indigenous students, LGBTQ2S+ students, fr...

Source: Financialpost February 24, 2023

Pension giant Caisse lost $24.6 billion last year investing in 'worst market in 50 years'

Posts negative return of 5.6 per cent Caisse de dépôt et placement du Québec posted a negative return of 5.6 per cent in 2022, in what the Quebec pension giant called “the worst market in 50 years.” REGISTER TO UNLOCK MORE ARTICLES Creat...

Source: Financialpost February 24, 2023

'Fast and furious' bank stocks may be running out of road, analysts warn

TD, CIBC stand the best chance of outperforming during earnings season Canada’s bank stocks might have gotten off to a flying start this year, but analysts suspect the tide may be turning against the Big Six as they prepare to report first quar...

Source: Financialpost February 24, 2023

Here's why investing in an RRSP does make sense for many Canadians

Jamie Golombek: An RRSP can allow you to save for retirement on an effectively tax-free basis, and no, that's not a typo Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission...

Source: Financialpost February 24, 2023

Opinion: Four in 10 Canadians prefer socialism but not higher taxes to pay for it

The Trudeau solution from day one has been to borrow, which simply defers the tax bill to the future By Jason Clemens and Steven Globerman REGISTER TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experi...

Executive Summary Source: Financialpost February 24, 2023

Posthaste: Has Canada dodged the recession bullet or just delayed the inevitable?

Latest data show economy more resilient than anyone expected Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page....

Source: BNN Bloomberg February 23, 2023

U.S. stocks get no respite as traders amp up Fed wagers

The stock market got little encouragement to sustain its rebound after the Federal Reserve signaled that interest rates will continue moving higher amid ongoing inflation concerns. It’s not like the minutes from the latest Fed gathering brought a great dea...

Source: BNN Bloomberg February 23, 2023

Opportunities in U.S. mid-cap and regional banks: Hot picks from David Chiaverini

While several of the big Canadian banks are set to report earnings next week, one investor said money managers should be looking for opportunities in U.S. mid-cap and regional banks. In an interview with BNN Bloomberg on Wednesday, David Chiaverini, managi...

Source: BNN Bloomberg February 23, 2023

TSX recap: Index closes down following Tuesday's slide

Canada's main stock index edged lower Wednesday following Tuesday's slide, while U.S. markets were mixed. The S&P/TSX composite index closed down 59.31 points, or 0.29 per cent, at 20,193.33. In New York, the Dow Jones Industrial Average was down 84.50...