Daily News

Source: BNN Bloomberg June 20, 2024

Markets today: European stocks struggle to build on U.S. tech rally

(Bloomberg) -- European stocks and U.S. equity futures paused Wednesday as traders sought fresh catalysts to extend the latest tech-driven gains.   Contracts on the S&P 500 were steady in holiday-thinned trade, after the index hit its 31st record high of 2...

Market Call Source: BNN Bloomberg June 20, 2024

Kim Bolton's Top Picks: June 19, 2024

Kim Bolton, president and portfolio manager, Black Swan Dexteritas Inc. FOCUS: Technology stocks  MARKET OUTLOOK: The S&P 500 Index notched its thirtieth record close of 2024, as of June 17 and is now up a whopping 15 per cent. The Nasdaq 100 Compo...

Company News Source: BNN Bloomberg June 20, 2024

Fengate invests $1.8B to Canadian data platform eStruxture

In a record data centre deal, investment manager Fengate Infrastructure Fund IV and affiliates announced a $1.8 billion partnership with eStruxture Data Centres. Speaking with BNN Bloomberg on Wednesday, Todd Coleman, the founder, president and CEO of eStr...

Source: Financialpost June 20, 2024

Posthaste: Have interest rates forced Canadians to sell their homes?

Cost of living drives 11% of homeowners to sell, survey finds We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Have interest rates forced Canadians to sell their home...

Source: Financialpost June 20, 2024

New capital rules will be costly for Canadian banks and economy, says analyst

Basel regulations could crimp lending and put banks on unequal footing with global counterparts Get the latest from Barbara Shecter straight to your inbox Sign Up New capital rules for Canada’s largest banks are expected to come with a raft of busines...

Source: Financialpost June 20, 2024

Canada's population topped 41 million. But is this the rise before the fall?

Some economists aren’t convinced the government will be able to meet its goal Get the latest from Naimul Karim straight to your inbox Sign Up Canada’s population surpassed 41 million in April, just 10 months after it hit 40 million in June 2023. W...

Source: Financialpost June 20, 2024

Bank of Canada governors were in agreement on June cut, deliberations show

A considerable amount of time was spent discussing the potential risks to the inflation and economic outlooksAfter four consecutive months of easing core inflation and indications of further downward momentum in prices, members of the Bank of Canada‘s govern...

Source: Financialpost June 20, 2024

The CRA is watching how often you trade marketable securities in your TFSA

Frequent trading in a TFSA has been a focus area for the CRA’s audit and reassessment activitiesA recent decision by the Federal Court of Appeal serves as a reminder to all Canadians that if you actively trade marketable securities in your tax-free savings a...

Source: BNN Bloomberg June 19, 2024

Bitcoin touches a 1-month low in a broad crypto market selloff

Bitcoin touched a one-month low as outflows from digital-asset investment products and the prospect of higher-for-longer U.S. borrowing costs sapped the cryptocurrency market. The largest digital asset shed as much as 2.7 per cent on Tuesday, reaching a le...

Source: BNN Bloomberg June 19, 2024

Markets today: U.S. stocks rise as bullish Nvidia call boosts AI trade

A rally in chipmakers drove stocks to another record, with traders betting the potential for Federal Reserve rate cuts will keep fueling the industry that has powered the equity market this year. The S&P 500 came closer to the historic 5,500 mark. Nvidia C...