Daily News

Source: Financialpost May 15, 2024

Posthaste: How Canada could have avoided the mortgage payment shock now ripping through the economy

Longer mortgages terms would have lessened the pain, says new report We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: How Canada could have avoided the mortgage pa...

Source: Financialpost May 15, 2024

Bank of Canada risks recession if it waits to cut interest rates: Rosenberg Research

Watch Dylan Smith on why the central bank should start cutting ratesDylan Smith, vice-president and senior economist at Rosenberg Research, talks with Financial Post’s Larysa Harapyn about why the Bank of Canada should start cutting interest rates. He says C...

Source: BNN Bloomberg May 14, 2024

Markets today: U.S. stocks waver as traders map out game plan for CPI

Wall Street kicked off the week on a cautious note, with traders positioning for key inflation data that will help shape the outlook for Federal Reserve policy and global financial markets. Stocks, bonds and the dollar saw small moves just a few days ahead...

Market Call Source: BNN Bloomberg May 14, 2024

Teal Linde's Top Picks: May 13, 2024

Teal Linde, manager, Linde Equity Fund FOCUS: North American Mid and large-cap stocks  MARKET OUTLOOK: Investors continue to face a challenging market. Interest rates remain at their highest level in decades. Hopes for reduced rates are being pushe...

Source: Financialpost May 14, 2024

Don't ignore the threat to the loonie that's lurking across the pond, economist warns

Avery Shenfeld believes the greenback has been bid up to the point where it is overvaluedWhile economists have been warning that divergence in fiscal policy between the Bank of Canada and the United States Federal Reserve could send the Canadian dollar into...

Source: Financialpost May 14, 2024

RBC poised to outperform rivals thanks to HSBC deal, say analysts

Dividend increases among the big banks expected to be muted when earnings come out next week Get the latest from Barbara Shecter straight to your inbox Sign Up Exposure to more fee-based revenue from the acquisition of HSBC’s Canadian franchise is lik...

Source: Financialpost May 14, 2024

Trudeau abandons tax threat on apartment owners, REITs

The Liberals had promised to 'curb excessive profits' of large owners of residential propertiesPrime Minister Justin Trudeau’s government pulled back on a threat to hit some real estate investment trusts in Canada with a new tax regime after opposition from...

Source: Financialpost May 14, 2024

Suncor, Chevron among oilsands giants pushing Trans Mountain to alter specifications

The drillers argue the current limits reduce the value of the oil that’s shipped and restricts where it can be refinedOil companies including Chevron Corp., Canadian Natural Resources Ltd. and Suncor Energy Inc. are pressing the operators of the expanded Tra...

Source: Financialpost May 14, 2024

Declining Canadian economy, dollar mean investors should add protection to their portfolios

Martin Pelletier: Canada could be in more trouble than many thinkThere is a lot of uncertainty for the average Canadian these days, including trying to navigate a complex macro-economic environment that is already starting to have a material impact on their...

Source: Financialpost May 13, 2024

What's next for investors as central banks continue to hold rates

Analysts and economists alike were expecting central banks on both sides of the border to have already cut ratesThere’s been a lot of angst about when and how deeply central banks will cut interest rates, but there hasn’t been much movement yet. We ap...