Daily News

Market Call Source: BNN Bloomberg June 22, 2024

Brian Madden's Top Picks: June 21, 2024

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK: The equally weighted S&P 500 Index is up a respectable five per cent this year but has been left in the dust by the traditional...

Source: BNN Bloomberg June 22, 2024

The Week Ahead: CPI, GDP data due

Monday, June 24 12:45 p.m. BoC Governor Macklem speaks in Winnipeg Tuesday, June 25 8:30 a.m. Canada Consumer Price Index (May) Earnings: Alimentation Couche-Tard, Carnival Corp, FedEx Wednesday, June 26 Earnings: Blackberry, Nov...

Source: BNN Bloomberg June 22, 2024

Markets today: S&P 500 trading volume spikes at Wall Street close

Wall Street’s massive expiration of options not only left stock traders more cautious, it also drove one of the leaders of the bull market to a roller-coaster ride. Volume soared at the close of trading. About US$5.5 trillion were estimated to expire durin...

Technology Source: BNN Bloomberg June 22, 2024

Nvidia sheds US$200 billion in value after short run as top stock

(Bloomberg) -- Nvidia Corp.’s run as the world’s most valuable company didn’t last long. Shares of the semiconductor giant have fallen 6.7% in the last two days, erasing over $220 billion in market capitalization and dragging the company from its place as the...

Source: Financialpost June 22, 2024

Nesto buys Canada's third-largest mortgage finance company

Combination with CMLS puts more than $60 billion in mortgages under its administrationDigital mortgage lender Nesto has acquired the third-largest mortgage finance company in Canada, CMLS Group, which it says makes it the largest technology-enabled lender in...

Source: Financialpost June 22, 2024

It's prime time to haggle for better mortgage rates

Robert McLister: Always demand better than a mortgage salesperson’s first offerIt’s been a downpour of fixed-rate cuts this week as mortgage lenders match plunging bond yields. We apologize, but this video has failed to load. Try refreshing your browser,...

Source: Financialpost June 22, 2024

Opinion: How to solve our housing crisis in one fell swoop

Get government out of the business of regulating and encouraging housing. Nothing does more to hinder those who could get the job donePrime Minister Justin Trudeau has made increasing housing a top priority by committing to “the most comprehensive and ambiti...

Source: Financialpost June 22, 2024

Posthaste: Canadians would trade pay for a pension as interest rates hit retirement dreams

Impaired ability to save has left almost half unable to put anything aside from last year to this year for their retirement, survey finds We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our...

Source: Financialpost June 22, 2024

American invasion: Why so many U.S. fast food chains are charging into Canada

Here are the chains making a run for the northern border and why they believe Canadians have a growing appetite for fast foodIn relatively short order, Canada has become a hotbed for fast food expansion from the United States. We apologize, but this vide...

Economy Source: Financialpost June 22, 2024

Canada retail sales likely headed for a fall after April rebound

Weakness in consumer spending will keep more Bank of Canada rate cuts on the tableCanadian retail sales likely dropped last month, nearly wiping out all of April’s gains and highlighting weakness in consumer spending that will keep more Bank of Canada rate c...