Daily News

Economy Source: Financialpost June 30, 2024

Why the Bank of Canada will wait until September for its next cut: Dawn Desjardins

Watch Deloitte's chief economist on interest rates, the housing market and the Canadian economyDawn Desjardins, chief economist at Deloitte Canada, talks with Financial Post’s Larysa Harapyn about how the Bank of Canada‘s interest-rate cuts may unfold and ho...

Source: BNN Bloomberg June 29, 2024

Traders bail on France before election fraught with jeopardy

The worst bond rout since the sovereign debt crisis. Companies rushing to lock in funding before a potential capital drought. An almost US$200 billion hit to stocks. French President Emmanuel Macron’s decision earlier this month to meet the far-right’s gai...

Source: BNN Bloomberg June 29, 2024

Markets today: S&P 500 rally hits a wall at end of banner quarter

The stock market’s enthusiasm faded in the final stretch of a solid quarter, with traders keeping a close eye on any news regarding the U.S. presidential race and remaining cautious ahead of Sunday’s elections in France. Traders across multiple sectors are...

Market Call Source: BNN Bloomberg June 29, 2024

John Zechner's Top Picks: June 27, 2024

John Zechner, chairman and founder of J. Zechner Associates FOCUS: North American large-cap stocks   MARKET OUTLOOK: While the tailwinds all still favour the big tech stocks, it feels like we are in the “blow off” upside phase of the market bounce...

Source: BNN Bloomberg June 29, 2024

The Week Ahead: Home sales data from Toronto, Vancouver and Montreal

Monday, July 1 Canada holiday - markets closed Tuesday, July 2 9:30 a.m. U.S. Federal Reserve Chair Powell joins a policy panel at the ECB Forum on Central Banking in Sintra, Portugal Wednesday, July 3 Vancouver home sales (June)...

Source: BNN Bloomberg June 29, 2024

The list of money managers axing oil stocks just got longer

There’s a growing list of institutional investors in Europe who are stripping oil and gas stocks out of their portfolios, in a move they say reduces the risk of ending up with stranded assets and financial losses. The latest to do so is PFA, Denmark’s larg...

Source: BNN Bloomberg June 29, 2024

JPMorgan's Kolanovic warns S&P 500 will plummet 23% by year-end

The S&P 500 Index may be headed for another record closing high, but JPMorgan Chase & Co.’s Marko Kolanovic says the benchmark will falter in coming months in the face of mounting headwinds, from a slowing U.S. economy to downward earnings revisions.  The...

Source: BNN Bloomberg June 29, 2024

Economic cracks are getting exposed in the 2024 market bounty

Fresh meme-stock mania took center stage on Wall Street this week just as the world’s biggest equity market closed out another blistering quarter.  Yet behind the scenes, softening economic growth is testing bullish investor convictions, while fueling big...

Source: Financialpost June 29, 2024

David Rosenberg: Bank of Canada has nothing to fret about despite CPI hysteria

The story beneath the surface still remains one of acute disinflationThe bond bulls and Bank of Canada policy doves were on the receiving end of a splash of water this past week. The consumer price index doubled consensus expectations in May, coming in at 0....

Source: Financialpost June 29, 2024

Posthaste: Plummeting job vacancies another sign Canada’s economy is under the gun

Fall 28% from last year back to pre-COVID levels We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Plummeting job vacancies another sign Canada’s economy is under the...