Daily News

Source: Financialpost November 02, 2023

Surging prices just dealt a severe blow to housing affordability and the outlook is ‘moribund’

Increase in interest rates, population not helping, say National Bank of Canada economistsHousing affordability in Canada was dealt a major blow in the third quarter as surging prices wiped out most of the gains made earlier in the year, according to the Nat...

Source: Financialpost November 02, 2023

Canadians will likely have to wait until next summer for interest rate cuts: CIBC's Benjamin Tal

But the central bank could cut rates before inflation gets to 2% targetCanadians anxious for lower interest rates, especially those looking to renegotiate their mortgages in the near future, will likely have to wait until the middle of next year for the Bank...

Economy Source: Financialpost November 02, 2023

What to expect when Canada unveils its new immigration targets today

Ottawa to provide estimates of number and kind of immigrants it hopes to admit over next three years Get the latest from Naimul Karim straight to your inbox Sign Up The federal government will announce its new Immigration Levels Plan on Nov. 1, provid...

Source: BNN Bloomberg November 01, 2023

Yen declines most in two months after BOJ tweak

The yen fell the most in two months after the Bank of Japan made only minor changes to its policy settings, disappointing some in the market who had expected more.  The currency dropped back past 150 per dollar following the decision that saw the central b...

Company News Source: BNN Bloomberg November 01, 2023

TSX operator’s focus on information services helping them grow: CEO

Despite slowing economic activity, the CEO of the company that operates of the Toronto Stock Exchange (TSX) says his business has seen strong revenue growth this year thanks to a focus on providing data and information services. TMX Group CEO John McKenzie...

Canada Source: BNN Bloomberg November 01, 2023

Canada hedge fund's trades halted after losses, manager's death

The sudden death of a Toronto-based hedge fund manager has prompted an investigation into tens of millions of dollars in losses that the fund appears to have run up. The Ontario Securities Commission issued a temporary order to freeze trades by Traynor Rid...

Source: BNN Bloomberg November 01, 2023

TSX recap: Index up slightly on after August GDP report

Canada's main stock index eked out a small gain on Tuesday despite weakness in metals and utilities stocks, while U.S. markets rose the day before the central bank is set to make a decision on interest rates.  The S&P/TSX Composite Index closed up 16.71 po...

Market Call Source: BNN Bloomberg November 01, 2023

Brooke Thackray's Top Picks: October 31, 2023

Brooke Thackray, research analyst, Horizons ETF Management Canada FOCUS: Seasonal investing and technical analysis  MARKET OUTLOOK: Investor sentiment has been negative as the stock market has been sliding. Investors have been calling for a recessi...

Source: Bankofcanada November 01, 2023

Opening Statement before the Standing Senate Committee on Banking, Commerce and the Economy

Good afternoon. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Mon...

Source: Financialpost November 01, 2023

Top headlines: Freeland, provinces to meet Friday over Alberta's possible CPP exit

The latest business news as it happensToday’s top 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: Freeland, provinces to meet Friday over Alberta's...