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Source: Financialpost December 17, 2023

Jack Mintz: Calgary’s tone-deaf mayor stumbles again

Jyoti Gondek's popularity is plummeting over property tax hikes, menorah lighting debacleCalgary’s mayor, Jyoti Gondek, just had her worst month since being elected two years ago. It was not just her tone-deaf handling of the lighting of a menorah. It was al...

Source: Financialpost December 17, 2023

Expect Canadian real estate market to come 'unstuck' in 2024

Watch real estate experts Steve Saretsky and John Pasalis unpack the year ahead in housingVancouver realtor Steve Saretsky and John Pasalis of Realosophy Realty talk to Financial Post’s Larysa Harapyn about the year ahead in Canadian real estate. We a...

Source: Financialpost December 17, 2023

Bank of Canada will cut three times next year to bring rate to 4.25%, Deloitte predicts

Economy will slow at start of new year, but pick up laterThe Bank of Canada will likely start cutting interest rates in the second quarter of 2024, predicts the chief economist at Deloitte Canada. We apologize, but this video has failed to load. Try r...

Company News Source: BNN Bloomberg December 16, 2023

Blackstone, CPPIB take US$1.2 billion stake in Signature Bank deal

A joint venture that includes Blackstone Inc. and Canada Pension Plan Investment Board has won a stake in a nearly US$17 billion portfolio of commercial-property loans from the failed Signature Bank.  The companies are also partnering with funds affiliated...

Source: BNN Bloomberg December 16, 2023

What experts are expecting for the TSX in 2024

Canada’s stock market is poised for a good year of returns in 2024, experts say, with a pause in the interest rate environment expected to lift several key sectors higher. Canada's stock market underperformed its U.S. counterpart in 2023 is because it is m...

Market Call Source: BNN Bloomberg December 16, 2023

Darren Sissons' Top Picks: December 15, 2023

Darren Sissons, vice-president and partner, Campbell, Lee & Ross FOCUS: Global and technology stocks  MARKET OUTLOOK: For investors, December is always a tricky time of year, but more so this year given the complex trading environment in 2023. This...

Source: BNN Bloomberg December 16, 2023

Markets today: Nasdaq 100 caps pivotal U.S. Fed week at record high

Wall Street went all in on stocks and bonds this week after Jerome Powell signaled the Federal Reserve’s aggressive hiking campaign is nearing its end. The U.S. central bank left its benchmark rate unchanged as policymakers pivoted away from further rate h...

Source: BNN Bloomberg December 16, 2023

The Week Ahead: inflation and GDP data due

Monday, Dec. 18 Notable data: Bloomberg Nanos Confidence, New Housing Price Index (November), Construction Investment (October), NAHB Housing Index (December) Tuesday, Dec. 19 Notable data: Consumer Price Index (November), Industrial Product...

Source: Financialpost December 16, 2023

Why David Rosenberg is 'downright bearish' on Canada's economy

Top economist says Canada is headed for a hard landingEconomist David Rosenberg, founder and president of Rosenberg Research, talks with the Financial Post’s Larysa Harapyn about the outlook for Canada’s economy, the Bank of Canada, the Canadian dollar and g...

Source: Financialpost December 16, 2023

Top headlines: EVs pile up at U.S. dealers as inventories hit record high

The latest business news as it happensToday’s headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: EVs pile up at U.S. dealers as inventories hit record...