Daily News

Source: BNN Bloomberg June 19, 2024

Energy stocks help nudge S&P/TSX Composite higher, U.S. stock markets mixed

Strength in the energy sector helped Canada's main stock index inch higher on Tuesday as the price of oil moved up. The S&P/TSX Composite Index closed up 23.42 points at 21,611.30. In New York, the Dow Jones industrial average was up 56.76 points at 38,...

Source: Bankofcanada June 19, 2024

Summary of Governing Council deliberations: Fixed announcement date of June 5, 2024

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on June 5, 2024. This summary reflects dis...

Source: Financialpost June 19, 2024

Farmers will take hit from capital gains tax changes, Commons committee told

Family-owned farms will be negatively affectedFarming organizations are joining the chorus of concern over the federal government’s capital gains tax changes, with one group warning a House of Commons committee Tuesday that family-owned farms will be negativ...

Source: Financialpost June 19, 2024

Howard Levitt: Canada's broken court system is about to get even worse

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by Workday Workday Human Rights Commission was suppo...

Source: Financialpost June 19, 2024

The Conservatives have proposed a complete taxation review — it's about time

Kim Moody: Let's get our country’s finances back in line, reduce personal tax rates, eliminate corporate subsidies and simplify our income tax statuteReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affi...

Source: BNN Bloomberg June 18, 2024

Markets today: S&P 500 hits 30th record of 2024 as Megacaps rally

A rally in the world’s largest technology companies drove stocks to all-time highs, with some prominent Wall Street strategists rushing to boost their targets even as many hedge funds grow increasingly cautious. The S&P 500 hit its 30th record this year, d...

Source: BNN Bloomberg June 18, 2024

Dearth of energy stock offerings puts Calgary bankers at risk

Stock offerings are rebounding across Canada’s equity market, except for oil and gas companies, where issuance has dried up to the point that investment banks are scaling back their activities in Calgary. Stifel Financial Corp. closed its office in the cou...

Company News Source: BNN Bloomberg June 18, 2024

Scotiabank says market 'too negative' on National Bank-CWB deal

National Bank of Canada shares are being punished too harshly after announcing its intent to buy Canadian Western Bank, according to Bank of Nova Scotia, which called the deal a “strategic winner.” Last week, Canada’s sixth-largest lender said it agreed to...

Source: BNN Bloomberg June 18, 2024

Citi downgrades Europe stocks on political turmoil, upgrades U.S.

Risks from France’s political upheaval helped trigger a Citigroup Inc. downgrade of European stocks, with its strategists preferring more growth-oriented U.S. equities.  Strategists led by Beata Manthey lowered their view on European shares to neutral from...

Market Call Source: BNN Bloomberg June 18, 2024

Teal Linde's Top Picks: June 17, 2024

Teal Linde, manager at Linde Equity Fund FOCUS: North American mid, large-cap stocks  MARKET OUTLOOK: The threat of surging inflation and rapidly rising interest rates on the markets is largely behind us. However, other challenges remain. Economic...