Daily News

Source: BNN Bloomberg March 19, 2024

Markets today: ‘Magnificent Seven’ power AI-driven stock rebound

Tech giants led gains in stocks at the start of a week that will bring a raft of central-bank decisions from the U.S. to England and Japan. Equities rebounded from a recent pullback, with megacaps outpacing the broader market. Alphabet Inc. jumped as Bloom...

Source: BNN Bloomberg March 19, 2024

TSX recap: Index dips despite oil, U.S. market hikes

Canada's main stock index crept lower on Monday even as the price of oil rose, while U.S. markets were led higher by the Nasdaq.  The S&P/TSX Composite Index closed down 11.97 points, or 0.05 per cent, at 21,837.18. In New York, the Dow Jones Industrial...

Source: Bankofcanada March 19, 2024

2024 Fellowship Program: Award recipients

The Bank of Canada is pleased to announce the recipients of the Bank’s 2024 Fellowship Award and Governor’s Award. Fellowship Award Michelle Alexopoulos Professor of Ec...

Source: Financialpost March 19, 2024

The evidence leaves no doubt — rent controls hurt rental supply

They lead to a slowdown in construction and a deterioration in supply hurting future tenantsMany housing advocates champion rent controls as a panacea for rising rents, but a wealth of empirical evidence indicates that while such controls may offer temporary...

Source: Financialpost March 19, 2024

Newcomers to Canada tone down expectations as they look to survive rising prices, survey says

More than 80% of newcomers who arrived in the past decade say Canada is too expensive Get the latest from Naimul Karim straight to your inbox Sign Up More than 80 per cent of newcomers who arrived in the past decade say Canada is too expensive to live...

Source: Financialpost March 19, 2024

Bank of Canada urged to move 'aggressively' on interest rate cuts

Watch Ed Devlin on the Canadian economy and the central bank's next moveEd Devlin, founder of Devlin Capital and senior fellow at the CD Howe Institute, talks with Financial Post’s Larysa Harapyn about the Bank of Canada’s next move and the Canadian economy....

Economy Source: Financialpost March 19, 2024

Bank of Canada walking a 'tightrope' as analysts forecast inflation jump in February

Economists expect inflation reaccelerated to 3.1% in FebruaryPeople banking on an interest rate cut may not like the direction Canadian inflation is heading if analyst expectations prove correct. We apologize, but this video has failed to load. Try re...

Source: Financialpost March 18, 2024

Oodles of noodles: how a global favourite has become an economic red flag

Cheap and calorie-filled, the rapid foodstuff tells us about the state of the worldIf the entire (cooked) length of instant noodles sold around the world in a single year were laid out in a line, the resulting 6.2 billion kilometre giga-noodle would stretch...

Source: Financialpost March 18, 2024

Homeowners, realtors should take steps to protect against title fraud: experts

It’s been years since you finished paying off your mortgage, so the letter in the mail from a bank saying you’re in default and now owe money comes as a shock. We apologize, but this video has failed to load. Try refreshing your browser, ortap here to...

Source: Financialpost March 18, 2024

Homebuyers should jump into the market before interest rates go down, says expert

Homebuyers who are already pre-approved for a mortgage should enter the housing market now instead of waiting for interest rates to go down, according to one industry expert. We apologize, but this video has failed to load. Try refreshing your browser...