Daily News

Source: Bankofcanada November 27, 2023

Bank of Canada announces finalists for the ninth annual Governor’s Challenge

OTTAWA, ONTARIO — The Bank of Canada has announced the five finalist teams in the 2023–24 edition of The Governor’s Challenge, a competition where university students simulate the role of advisor to t...

Source: Financialpost November 27, 2023

Canada shelves proposal to eliminate mortgage bond program

$250-billion program saved after pressure from investors who wanted the product kept aliveCanada backed away from the idea of eliminating its $250-billion mortgage bond program, responding to pressure from investors who wanted the product kept alive....

Source: Financialpost November 27, 2023

How students can get more money for post-secondary school

It's a good time to revisit how much money to take out of an RESP because there's a new upper withdrawal limitReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made thr...

Source: Financialpost November 26, 2023

Corporate America rethinking diversity hiring after conservative activists file lawsuits

Barrage of complaints has some companies scaling back DEI effortsThe same conservative activists who helped gut race-related college admissions at the United States Supreme Court have now set their sights on corporate diversity programs, barraging airlines,...

Source: Financialpost November 26, 2023

The looming threat of Canada's mortgage renewal crunch

Watch economist Dylan Smith on how the mortgage renewal crunch may force Bank of Canada to cut rates sooner rather than laterDylan Smith, senior economist at Rosenberg Research, talks with Financial Post’s Larysa Harapyn about how the looming mortgage renewa...

Source: BNN Bloomberg November 25, 2023

Markets today: Asia stocks set to open mixed as dollar, oil slip

Shares in Asia were primed for a mixed open with the Thursday holiday in the U.S. offering little guidance. The dollar edged lower. Futures for Japanese shares were steady, but a gain for contracts in the prior session indicates benchmarks will play catch-...

Source: BNN Bloomberg November 25, 2023

Markets today: 'fear gauge' hits 2020 low as stocks up this week

Stocks barely budged in a holiday-shortened session while Treasuries fell, with this month’s rally in global bonds showing signs of stalling. The S&P 500 closed little changed at 1 p.m. in New York, while notching its fourth straight week of gains. Wall St...

Commodities Source: BNN Bloomberg November 25, 2023

Oil price news: Oil falls as OPEC+ seeks to resolve pre-meeting output dispute

Oil dropped after struggling for direction in a low-volume session as OPEC+ tries to resolve a disagreement over output quotas that forced the group to postpone a pivotal meeting. The Organization of Petroleum Exporting Countries and its partners are revie...

Market Call Source: BNN Bloomberg November 25, 2023

Gordon Reid's Top Picks: November 24

Gordon Reid, president and CEO, Goodreid Investment Counsel FOCUS: U.S. equities   MARKET OUTLOOK: The “Santa Claus” rally is developing, as seasonal factors are setting up for a strong close for equity markets in 2023. And yes, it can be that simp...

Source: BNN Bloomberg November 25, 2023

The Week Ahead: Canadian, U.S. GDP data due

Monday, Nov. 27 Notable data: Bloomberg Nanos Confidence, Bloomberg November Canada Economic Survey, U.S. New Home Sales Notable earnings: EQB Inc.  Tuesday, Nov. 28 Notable data: U.S. S&P CoreLogic Case-Shiller Home Price Index, U.S. FHFA...