Daily News

Source: Financialpost June 16, 2024

Opinion: Time to stop complaining about the capital gains hike and get back to work

We are all against new taxes. But it’s not that simpleIt would seem bizarre that anyone would welcome new taxes, especially those that have to pay them. And I am guessing I am in the top one per cent of Canadian taxpayers. So, is what you are about to read a...

Source: BNN Bloomberg June 15, 2024

Markets today: Traders shun risk as French turmoil rattles globe

A renewed wave of anxiety gripped global markets as concern over a political crisis in France deepened, driving stocks down while spurring a flight to haven assets — from bonds to gold and the U.S. dollar. Traders took some risk off the table, with French...

Market Call Source: BNN Bloomberg June 15, 2024

Greg Newman's Top Picks: June 14, 2024

Greg Newman, senior wealth advisor and portfolio Manager, Newman Group, ScotiaMcLeod FOCUS: North American equities, dividend stocks  MARKET OUTLOOK: Markets are excited about a re-acceleration in earnings growth but disappointed with sticky inflat...

Source: BNN Bloomberg June 15, 2024

The Week Ahead: Canada housing starts; BoC Summary of Deliberations

Monday, June 17 8:15 a.m. Canada Housing Starts (May) 9:00 a.m. Canada Existing Home Sales, MLS Home Price Index (May) Earnings: Lennar Corp Tuesday, June 18 8:30 a.m. U.S. Retail Sales (May) Wednesday, June 19 U.S. markets clo...

Source: Financialpost June 15, 2024

Posthaste: 4 interest rate cuts expected this year likely won't boost Canadian economy, RBC says

More like 'easing off the brakes than stepping on the gas' We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: 4 interest rate cuts expected this year likely won't boost...

Source: Financialpost June 15, 2024

Yes, everyone really is sick a lot more often after COVID

It's not your imagination: Around the world, people really are getting sick more often than before the pandemicSince February, Kathy Xiang and her entire family has been under siege. We apologize, but this video has failed to load. Try refreshing your br...

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...