Daily News

Source: Financialpost May 12, 2024

Why saving for a downpayment is next to impossible in Canada's major markets

Robert McLister: When someone earning six-figures can't save fast enough, you know there's a problemIf you’re a first-time buyer, diligently saving for a new home means you’ll probably end up paying a lot more for that home. We apologize, but this vid...

Source: Financialpost May 12, 2024

Canadian business groups backtrack on claim about capital gains tax change

Canadian Chamber of Commerce and others now say one in five companies, not individuals, would be directly affectedReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made...

Source: Financialpost May 12, 2024

With many Ontario homebuyers on the sidelines, gen Z, immigrants enter the market

8% of new home buyers are born between 1996 and 2012, up from 3% a year agoAs prospective Ontario homebuyers increasingly sit on the sidelines of the real estate market, a new survey suggests more gen-Zers and newcomers are entering the fray. We apolo...

Source: BNN Bloomberg May 11, 2024

Markets today: S&P 500 rally wanes amid U.S. stagflation chatter

The stock market struggled to gain much traction after data pointed to an economy that is slowing amid stubborn inflation, posing a challenge to the outlook of Federal Reserve rate cuts. Equities wavered and bond yields rose following a report that showed...

Source: BNN Bloomberg May 11, 2024

Kevin O'Leary shares financial advice on Morning Markets

As Canadian investors grapple with a rapidly evolving landscape, BNN Bloomberg sat down with Kevin O'Leary, the chairman of O'Leary Ventures, for his perspective and insights across equity markets, Canadian tax changes, his efforts to buy TikTok and more. ...

Market Call Source: BNN Bloomberg May 11, 2024

Brian Madden's Top Picks: May 10, 2024

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK: After a short and shallow drawdown in early April, Canadian stocks resumed their uptrend and closed at an all-time high yesterda...

Source: Financialpost May 11, 2024

Bank of Canada warns bets tied to timing of rate cuts are boosting leverage in some markets

Senior deputy governor Carolyn Rogers says higher leverage not a problem yet, but could be if there is a dash for cash Get the latest from Barbara Shecter straight to your inbox Sign Up Bank of Canada officials are monitoring pockets of increasing lev...

Source: Financialpost May 11, 2024

Severe solar storm threatens power grids and navigation systems

Storm threatens to trigger blackouts, disrupt navigation systems and knock out high-frequency radios around the worldA severe solar storm this weekend threatens to trigger blackouts, disrupt navigation systems and knock out high-frequency radios around the w...

Financial Times Source: Financialpost May 11, 2024

'Breakdown nations' like Canada have a lesson for the world

Canada leads nations which have suffered a sharp decline in per-capita GDPBy Ruchir Sharma We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. 'Breakdown nations' like Canada h...

Company News Source: BNN Bloomberg May 10, 2024

Manulife profit beats on growth in Asia, wealth management

Manulife Financial Corp. posted first-quarter profit that beat analysts’ estimates, boosted by continued strength in its Asia operations and wealth-management business. Core earnings increased 16 per cent from a year earlier to $1.8 billion, or 94 cents a...