Daily News

Source: Financialpost June 15, 2024

Canada’s cottage boom went bust. Are buyers ready to take the plunge again?

Realtors take the temperature of Canada's top five recreational property markets as we head into summerRecreational real estate has been on a wild ride the last few years. First there was the boom brought on by the COVID-19 pandemic, when interest rates drop...

Source: Financialpost June 15, 2024

Make no mistake: The scales have tipped in favour of variable mortgage rates

Robert McLister: Growing belief that inflation will settle back down to 2% has bond yields plungingOne week into the new Bank of Canada rate cut cycle, bond yields are plunging like an Olympic diver without a splash. The nosedive stems from growing belief th...

Source: BNN Bloomberg June 14, 2024

Markets today: S&P 500 notches its fourth straight all-time high

Stocks closed at a fresh all-time high as tech rallied, with Treasury yields sinking on bets the Federal Reserve will cut rates this year amid signs of disinflation. Equities rebounded after a brief drop, with the S&P 500 notching a fourth consecutive reco...

Source: BNN Bloomberg June 14, 2024

JPMorgan asset management sees stocks powering on in second half

A historically strong start to the year for the U.S. stock market should continue into the second half of 2024, according to JPMorgan Chase & Co.’s asset management division. While the move may look more like a grind than a rocket ride after the S&P 500 In...

Source: BNN Bloomberg June 14, 2024

Quebec pension JV boosts bets on U.S. apartments, student housing

Quebec’s public pension manager and commercial real estate firm Walker & Dunlop Investment Partners expect to double the size of a joint venture they started nearly three years ago to invest in US housing.  The JV makes preferred equity investments in stud...

Market Call Source: BNN Bloomberg June 14, 2024

Christine Poole's Top Picks: June 13, 2024

Christine Poole, CEO and managing director, Globe Invest Capital Management Focus: North American large-cap stocks  MARKET OUTLOOK: Price pressures are moderating, and the monetary easing cycle has begun with several central banks in advanced econo...

Source: BNN Bloomberg June 14, 2024

Adobe projects strong profit, signaling it's part of AI boom

Adobe Inc. raised its annual profit outlook, and projected strong future sales for its creative products, suggesting its customers are adopting the company’s new artificial intelligence-based tools. The shares jumped more than 14 per cent in extended trading....

Source: Financialpost June 14, 2024

Dream of a Western Canadian bank just met reality facing regional players

John Turley-Ewart: CWB had a mission to serve those in the West. It will be better positioned to do so as part of National BankWhen the Canadian Western Bank opened its doors in 1984, it was a bank on a mission. We apologize, but this video has failed to...

Source: Financialpost June 14, 2024

Corus shares may be worth 'zero' after Rogers-Warner deal, TD says

Could lose Canadian rights to programming on five key channels, including HGTV and Food NetworkShares of Canadian media company Corus Entertainment Inc. may be worth zero if Rogers Communications Inc. is successful in snatching away programming and trademark...

Source: Financialpost June 14, 2024

Chinese trader's US$20 million Russian copper shipment goes missing

Wuchan Zhongda Group Co. bought 2,000 tons of refined copper that should have been delivered last month, but never arrivedA giant state-owned Chinese commodities trader is nursing losses after a shipment of copper from Russia worth nearly US$20 million went...