Daily News

Source: Financialpost November 21, 2023

Posthaste: Interest rates would be 200 bps lower if governments spent less, says Scotiabank

Bank of Canada would only have had to raise rate to 3% if government spending hadn't stoked inflation, say economists We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthas...

Source: Financialpost November 21, 2023

He’s accused of running a $300M Ponzi scheme. Now he’s vanished. Who — and where — is Greg Martel?

The B.C. mortgage broker denies it was a Ponzi scheme. Investors claim they are owed $312 million. A bankrupt Martel is now wanted on an arrest warrant and was last seen in Thailand. We apologize, but this video has failed to load. Try refreshing your...

Source: Financialpost November 21, 2023

Top headlines: Airbnb to face new curbs in Canada with rental tax rule change

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: Airbnb to face new curbs in Canada with rental tax rule c...

Economy Source: Financialpost November 21, 2023

Trudeau's spending plans getting squeezed by soaring debt payments

Interest charges on federal debt were $28.2 billion in the first 8 months of this year, up 35% from the same period in 2022With his government deeply unpopular and an election due in the next two years, Prime Minister Justin Trudeau may be tempted to spend m...

Source: Financialpost November 20, 2023

A strategy to boost your retirement that very few Canadians are using

Financial planner Jason Heath offers some ideas on how to achieve the best retirementReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page....

Source: BNN Bloomberg November 18, 2023

Fairfax offers to take agritech firm Farmers Edge private at 99% below IPO price

Canadian financial group Fairfax Financial Holdings Ltd. offered to buy out minority shareholders of agriculture technology firm Farmers Edge Inc. at a price that would crystallize near-total losses for any longer-term holders of the stock.  Fairfax’s take...

Market Call Source: BNN Bloomberg November 18, 2023

Jason Del Vicario's Top Picks: November 17, 2023

Jason Del Vicario, portfolio manager, Hillside Wealth Management, iA Private Wealth FOCUS: North American and global growth stocks  MARKET OUTLOOK: Our thoughts never waver regardless of the macro backdrop; if anything, we favour challenging econom...

Source: BNN Bloomberg November 18, 2023

Markets today: S&P 500 stuck in tight range after ‘epic’ rally

Stocks saw small moves after a US$2.7 trillion rally in November that was fueled by speculation the Federal Reserve will end its hiking cycle to prevent an economic recession. The dollar erased its 2023 advance. The S&P 500 traded above 4,500, on pace for...

Source: BNN Bloomberg November 18, 2023

The Week Ahead: fall economic statement; CPI data due

Monday, Nov. 20 Notable data: Construction Investment, Bloomberg Nanos Confidence, U.S. Leading Indicators Notable earnings: Agilent Technologies, Keysight Technologies, Zoom Video Communications Tuesday, Nov. 21 Notable data: Consumer Pric...

Source: BNN Bloomberg November 18, 2023

Markets today: 'epic' stock rally fades amid signs of overheating

U.S. stocks saw small moves after a $2.7 trillion rally in November that was fueled by bets the Federal Reserve will end its hiking cycle to prevent a recession. The dollar erased its 2023 advance. The S&P 500 traded above 4,500, notching its third straigh...