Daily News

Source: Financialpost December 16, 2023

Opinion: Freeland's new hidden tax on everything and everyone

Ottawa is removing the credit for taxes already paid on any dividend income that financial institutions earn. Who will pay? All of usTucked into the 500-page Notice of Ways and Means Motion Finance Minister Chrystia Freeland released last month is an insidio...

Economy Source: Financialpost December 16, 2023

Bank of Canada's Macklem talks down interest rate cuts, but says 2% inflation 'now in sight'

It's still too early to consider undoing the most aggressive series of rate hikes in decades, central bank governor saysCutting the Bank of Canada’s policy interest rate doesn’t seem to be top of mind for governor Tiff Macklem, who said Dec. 15 that it’s sti...

Source: BNN Bloomberg December 15, 2023

Markets today: U.S. stock bull run is flashing signs of exhaustion

The rally in stocks driven by the Federal Reserve’s dovish tilt and bets on a soft economic landing lost a bit of steam Thursday amid speculation the market has run too far, too fast. After a surge that put the S&P 500 within a striking distance of its all...

Market Call Source: BNN Bloomberg December 15, 2023

Gordon Reid's Top Picks: December 14, 2023

Gordon Reid, president and CEO, Goodreid Investment Counsel FOCUS: U.S. equities  MARKET OUTLOOK: Looking back at market results in the third year of a U.S. presidential cycle, it is telling how 2023 has been a very close replication of historical no...

Source: BNN Bloomberg December 15, 2023

TSX recap: Index up 0.72% following broad-based rally

Base metal and battery metal stocks led a broad-based rally on the TSX Thursday, as Canada's main stock index climbed almost 150 points, while U.S. stock markets also moved higher. The S&P/TSX Composite Index closed up 149.35 points, or 0.72 per cent, at 2...

Source: Bankofcanada December 15, 2023

Lessons learned and looking ahead

In his year-end remarks, Governor Tiff Macklem discusses how lessons learned from recent economic volatility are reshaping the way the Bank of Canada conducts econom...

Source: Financialpost December 15, 2023

David Rosenberg: The Fed just woke up and smelled the recession

Interest rate cuts predicted for next year likely won't be enough, so this bond rally has legsAfter sifting through the United States Federal Reserve’s forecasts and Jerome Powell’s cadence at the press conference, it seems the entire two-day Federal Open Ma...

Source: Financialpost December 15, 2023

Home prices fall again as sellers start to back away

Average home price in November fell 0.4% to $644,107 from OctoberNational home prices declined again in November amid signs that sellers are giving up on the housing market after rushing to list properties earlier in the fall. We apologize, but this v...

Source: Financialpost December 15, 2023

Here's how Canadians are coping with higher interest rates in 5 charts

Costs of paying down debt climbed to record while net worth declinedCanadians continue to be hit by the climb in Bank of Canada interest rates, with the costs of paying down debt rising to a record in the third quarter while net worth declined, according to...

Source: Financialpost December 15, 2023

Posthaste: Get ready for the 'great adjustment' in Canada's housing market

Realtors see home prices regaining pandemic peaks once Canadians accept the 'new normal' in borrowing rates We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Get re...