Daily News

Source: Financialpost December 07, 2023

Azerbaijan Warns of War Risks From Weapons Supply to Armenia

Azerbaijan’s President Ilham Aliyev on Wednesday warned France and India against providing Armenia with weapons he deems a threat, saying such supplies could trigger a new war in the region.(Bloomberg) — Azerbaijan’s President Ilham Aliyev on Wednesday warne...

Source: Financialpost December 07, 2023

Posthaste: Canadians missing mortgage payments as credit card debt hits $113-billion record

Total consumer credit rose to $2.4 trillion in Q3, Equifax says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canadians missing mortgage payments as credit card...

Source: Financialpost December 07, 2023

Bank of Canada holds interest rate at 5% as economy stalls

But central bank not ready to declare battle against inflation won Get the latest from Barbara Shecter straight to your inbox Sign Up The Bank of Canada held its key overnight interest rate at five per cent as widely expected by economists and markets...

Source: Financialpost December 07, 2023

Countdown to rate cuts has begun: What economists say about Bank of Canada's hold

Despite the hawkish tone, the central bank's 'next move is clearly a cut,' say economistsThe Bank of Canada is holding its benchmark lending rate at five per cent, but warned that it was prepared to hike  rates again if necessary, adding a hawkish overtone —...

Real Estate Source: BNN Bloomberg December 06, 2023

Housing co-op selling community bonds to fund first property

The president of a housing co-operative currently fundraising to build its first residence says the living model can help alleviate Canada’s housing affordability crisis. Lindsay Harris is president of B.C.-based non-profit housing cooperative Propolis, wh...

Market Call Source: BNN Bloomberg December 06, 2023

Andrew Pyle's Top Picks: December 5, 2023

Andrew Pyle, senior portfolio manager and senior investment advisor, CIBC Wood Gundy FOCUS: North American equities   MARKET OUTLOOK: The double-digit gains in stocks and a five per cent lift in North American bond aggregates will likely move us in...

Source: BNN Bloomberg December 06, 2023

Markets today: Treasury frenzy drives 10-year yield below 4.2%

Treasuries resumed their rally on Tuesday as further labor-market slowdown reinforced speculation the Federal Reserve will be able to cut interest rates next year to prevent a recession. Benchmark 10-year yields that briefly topped 5 per cent in October br...

Source: BNN Bloomberg December 06, 2023

TSX recap: Index dips slightly on weakness in energy, metals

Canada's main stock index posted a small loss Tuesday, weighed down by energy and metals, while U.S. markets were mixed.  The S&P/TSX Composite Index closed down 34.28 points, or 0.17 per cent, at 20,375.93. In New York, the Dow Jones Industrial Average...

Source: Bankofcanada December 06, 2023

Bank of Canada maintains policy rate, continues quantitative tightening

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The global e...

Source: Financialpost December 06, 2023

Opinion: Soon every penny collected from GST will go toward servicing Ottawa's debt

Franco Terrazzano: The problem with Trudeau's money-saving message is there's no savingThere’s only one problem with the federal government’s shiny new messaging about saving money: the feds aren’t actually saving money. We apologize, but this video h...