Daily News

Source: Financialpost July 16, 2023

Here's what could send the Canadian dollar higher this year

Watch: Corpay's Karl Schamotta talks about the outlook for the Canadian dollar for the rest of 2023 Karl Schamotta, chief market strategist at Corpay, talks to Larysa Harapyn about the outlook for the Canadian dollar for the rest of 2023, and h...

Source: Financialpost July 16, 2023

Alberta home prices jump as newcomers rush in

Calgary home prices up 4.2% this year Home prices in Canadian oil country are surging, driven by a rush of newcomers from abroad — as well as from more expensive markets across the nation. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY S...

Source: BNN Bloomberg July 15, 2023

Wall Street's reversal curbs bond trader euphoria

The world’s biggest bond market saw a day of reversals, with Treasuries paring their weekly rally as strong economic data reinforced the view that it may be too early for the Federal Reserve to claim victory over inflation. At the end of a week marked by o...

Market Call Source: BNN Bloomberg July 15, 2023

Rick Rule's Top Picks: July 14, 2023

Rick Rule, president and chief executive officer, Rule Investment Media LLC FOCUS: Natural resource stocks  MARKET OUTLOOK: Given the relative strength of the U.S. economy, we believe the U.S. Federal Reserve has the ability, and inclination to raise...

Source: BNN Bloomberg July 15, 2023

The Week Ahead: CPI, retail sales data due

Monday, July 17 Notable data: Wholesale Trade, International Securities Transactions, Empire State Manufacturing Survey Tuesday, July 18 Notable data: Housing Starts, Consumer Price Index, Industrial Product and Raw Materials Price Indices, U...

Source: BNN Bloomberg July 15, 2023

Canadian, U.S. banks to grapple with economic risks ahead: Expert

U.S. banks rallied Friday following a strong earnings season, while Canadian banks have maintained strong capital levels despite tumultuous times, but one finance expert says the headwinds up against this sector are enough for him to not go out and buy these...

Source: BNN Bloomberg July 15, 2023

TSX recap: Index finishes down slightly amid losses in energy stocks

Canada's main stock index ticked lower Friday led by losses in the energy sector, while U.S. markets were mixed.  The S&P/TSX Composite Index was down 15.57 points, or 0.08 per cent, at 20,262.07. In New York, the Dow Jones Industrial Average was up 113...

Source: Financialpost July 15, 2023

FP Answers: What are the ins-and-outs of splitting RRIF income with a spouse to get the $2,000 tax credit?

For most people, it makes sense to convert enough of your RRSP to a RRIF and claim the pension tax credit Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases...

Source: Financialpost July 15, 2023

Jack Mintz: Forget the 'just transition.' It's the Boondoggle Transition

An equivalent to the Inflation Reduction Act would cost us roughly C$130 billion over a decade Forget “energy transition” and “just transition” to describe the transformation of our energy systems. Call it the “boondoggle transition” because th...

Source: BNN Bloomberg July 14, 2023

U.S. stock bulls cheer Wall Street's disinflation trade

Wall Street got an extra dose of encouragement to bid up stocks after another inflation report reinforced bets the Federal Reserve is approaching an interest-rate peak. All of a sudden, disinflation becomes the buzzword across trading desks, with investors...