Daily News

Source: BNN Bloomberg December 14, 2023

Markets today: stocks climb as U.S. Fed 'done taking punch bowl away'

The stock market came closer to its all-time highs and Treasury yields tumbled as dovish Federal Reserve signals added fuel to Wall Street’s great cross-asset rally. Traders cheered a tweak to the Fed’s dot plot, with officials expecting to lower rates by...

Market Call Source: BNN Bloomberg December 14, 2023

Chris Blumas' Top Picks: December 13, 2023

Chris Blumas, portfolio manager, Raymond James Investment Counsel FOCUS: North American large caps  MARKET OUTLOOK: Concerns about inflation have prompted central banks around the world to tighten monetary conditions, but the pace of tightening has...

Source: Financialpost December 14, 2023

In the return to office, these people are still most likely to be working from home

Victoria Wells: More parents with young children work from home, Statistics Canada saysFewer Canadians are now working from home compared to last year, but there’s one group more likely to be avoiding the daily commute: parents of young children. We a...

Source: Financialpost December 14, 2023

Milei's shock therapy already leaves investors craving more

Just two days after taking office, Javier Milei’s government announced 10 new measures to pull Argentina’s economy out of its funkJust two days after taking office, Javier Milei’s government announced 10 new measures to pull Argentina’s economy out of its fu...

Source: Financialpost December 14, 2023

Fed holds interest rate, plans to cut 3 times in 2024

Fed likely done raising ratesWASHINGTON — The United States Federal Reserve kept its key interest rate unchanged Dec. 13 for a third straight time, a sign that it is likely done raising rates after having imposed the fastest string of increases in four decad...

Source: Financialpost December 14, 2023

Scotiabank CEO shifts focus to North America, vows 'significant' change in mindset

Scott Thomson to reallocate capital from developing markets to developed ones Get the latest from Barbara Shecter straight to your inbox Sign Up The Bank of Nova Scotia will reallocate capital from developing markets to developed ones, prioritizing Ca...

Source: BNN Bloomberg December 13, 2023

Markets today: Traders betting Fed peak is here curb pivot wagers

Wall Street saw small moves in the run-up to the Federal Reserve decision, with underwhelming inflation data reinforcing speculation policymakers will be in no rush to claim victory just yet. While markets continued to bet officials will be on hold Wednesd...

Source: BNN Bloomberg December 13, 2023

TSX recap: Index finishes slightly higher amid losses in energy stocks

Canada's main stock index moved lower on Tuesday, weighed down by losses in energy, utilities and battery metals, while U.S. markets rose after the latest inflation report ahead of Wednesday's interest rate announcement.  The S&P/TSX Composite Index closed...

Market Call Source: BNN Bloomberg December 13, 2023

Rick Rule's Top Picks: December 12, 2023

Rick Rule, president and CEO, Rule Investment Media LLC FOCUS: Natural resource stocks  MARKET OUTLOOK: Most financial markets are currently showing strength, presumably in anticipation of a coordinated policy of interest rate cuts. Financial marke...

Source: Financialpost December 13, 2023

Bank of Canada holds all the cards for consumers after punishing year for personal finances, says poll

More Canadians say they are worse off than they were at the end of last yearThe Bank of Canada holds the cards for a better year ahead after Canadians’ personal finances were hit hard in 2023, according to the latest version of a multi-year survey of househo...