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Source: Financialpost December 06, 2023

Posthaste: Ontario's housing market is almost as loose as the great 1990s meltdown

Market has deteriorated to levels not seen since the financial crisis and it could get worse, says economist We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Ontar...

Source: Financialpost December 06, 2023

From a 'hawkish' to a 'dovish hold'? Here's what economists expect from the Bank of Canada on Wednesday

Next interest rate decision baked in as a 'hold' as far as economists and markets are concernedThe Bank of Canada’s next interest rate decision is pretty much baked in as a “hold” as far as economists and markets are concerned although one expert warns that...

Source: Financialpost December 06, 2023

Bank of Canada will cut rates by 150 basis points in 2024: CIBC

Watch Benjamin Tal of CIBC talk about why he thinks the central bank will go slowly on trimming back ratesBenjamin Tal, deputy chief economist at CIBC Capital Markets, talks with Financial Post’s Larysa Harapyn about where interest rates might end up with th...

Source: BNN Bloomberg December 05, 2023

Wall Street's furious bull run gets reality check

Wall Street kicked off the week with losses, with both stocks and bonds down in a signal that traders’ aggressive pricing of Federal Reserve rate cuts may have gone too far. A slew of key jobs readings over the next few days will be closely watched for clu...

Source: BNN Bloomberg December 05, 2023

Markets start December in the green after 'remarkable' November comes to a close

Canada's main stock index gained more than 200 points Friday on broad-based strength led by base metals, industrials and telecom stocks, while U.S. markets also rose.  The first day of December began on a positive note after a “remarkable” month of Novembe...

Market Call Source: BNN Bloomberg December 05, 2023

Hap Sneddon's Top Picks: December 4, 2023

Hap Sneddon, president and chief portfolio manager, Castlemoore FOCUS: Technical analysis  MARKET OUTLOOK: Markets are in the strongest part of the year – the late October to April period – and accordingly, investors should be fully invested. Th...

Source: BNN Bloomberg December 05, 2023

'The outlook is terrible': Expert views on Canadian banks for 2024

Canada’s biggest banks reported a mixed bag of fourth quarter results last week, and experts are pessimistic about their earnings growth potential in 2024 amid the high interest rate environment. TD Bank, Scotiabank and Bank of Montreal missed earnings est...

Company News Source: BNN Bloomberg December 05, 2023

Jefferies opens Canada investment-banking unit in global push

Jefferies Financial Group is starting an investment-banking unit in Canada as part of an international expansion of its core Wall Street operations.  The company will offer investment-banking and capital-markets services to its corporate, institutional and...

Source: BNN Bloomberg December 05, 2023

TSX recap: Index down 0.21% on losses in energy, base metals

Canada's main stock index moved lower on Monday, dragged down by losses in energy and base metals, while U.S. markets also ended the day in the red, led by weakness on the Nasdaq.   After a strong November as rate hike pressures eased, with some of the big...

Source: Financialpost December 05, 2023

Top headlines: Canadian banks have never had job cut 'carnage' like this, David Rosenberg says

The latest business news as it happensTop 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: Canadian banks have never had job cut 'carnage' like this...