Daily News

Source: BNN Bloomberg October 27, 2023

Nasdaq futures sink 1% as earnings disappoint

Stocks tumbled, with Nasdaq index futures losing about 1 per cent, as investors punished companies reporting weaker-than-expected earnings.  Meta Inc. sank four per cent in U.S. pre-market trading after saying it's at the whim of an uncertain economic envi...

Source: BNN Bloomberg October 27, 2023

​ETFs to buy and stay away from this year: expert

There will likely be a record number of new exchange-traded funds (ETFs) available to investors this year, according to a research expert who has identified the names he is most bullish on.    Aniket Ullal, head of ETF data and analytics at CFRA Research, to...

Source: BNN Bloomberg October 27, 2023

Traders boost bets on Canada rate cuts in 2024 on weak outlook

Markets are coming around to the idea that the Bank of Canada will be forced to start cutting rates by late next year, shifting their bets a day after Governor Tiff Macklem and his officials downgraded the growth outlook. Overnight swap markets are pricing...

Source: Financialpost October 27, 2023

Posthaste: 3.4 million Canadians will renew their mortgages by 2025 — and they're worried

Royal LePage survey finds many looking at a variety of cost-cutting tactics We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: 3.4 million Canadians will renew their...

Source: Financialpost October 27, 2023

Inflation, interest rates will have a surprising effect on your taxes next year

Jamie Golombek: The interest rate on any tax debt you owe to the CRA will rise to a whopping 10% come Jan. 1Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made throu...

Source: Financialpost October 27, 2023

Wave of job cuts ‘probably just the beginning’ at Canadian banks

Scotiabank, BMO and RBC look to reduce headcountCanadian banks have resumed cutting jobs after a three-year hiatus, with lenders and investment banks so far dismissing at least 6,000 workers, and analysts predicting more to come as revenue remains under pres...

Source: Financialpost October 27, 2023

Top headlines: Canadian dollar drops after Bank of Canada holds rates — what it means for you

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: Canadian dollar drops after Bank of Canada holds...

Economy Source: Financialpost October 27, 2023

Theo Argitis: Return to normal is proving elusive for Bank of Canada

Tiff Macklem's tenure as governor was supposed to be boring. Instead, it has been anything butI feel for Tiff Macklem, Canada’s central bank governor. We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see othe...

Source: BNN Bloomberg October 26, 2023

How to invest as the Bank of Canada holds interest rates at 5%

The Bank of Canada’s decision to keep its overnight lending rate on hold at an elevated level is driving some investment professionals to move money into the bond market and consumer staples as a defensive strategy.    The central bank decided to hold its b...

Source: BNN Bloomberg October 26, 2023

​TSX recap: Index finishes 0.2% lower

Canada's main stock index stepped lower Wednesday despite strength in energy stocks and battery metals, while U.S. markets fell.  The S&P/TSX Composite Index closed down 38.64 points, or 0.2 per cent, at 18,947.85. In New York, the Dow Jones Industrial...