Daily News

Source: BNN Bloomberg March 15, 2024

Shopify's surge saw 85% of Canadian stock pickers trail targets

For Canadian stock pickers, success in 2023 hinged almost entirely on whether they held Shopify Inc. That was the finding from an S&P Global analysis of active fund managers in Canada last year, when the e-commerce company’s 119 per cent surge was the sing...

Source: Financialpost March 15, 2024

Is it time for Canada to embrace the 30-year mortgage?

Canada caps insured mortgages at 25-year amortizations, but some want them to go longer to help with affordability issuesThe possibility of allowing longer mortgage amortizations has come up repeatedly in Canada over the years, with regulators and lawmakers...

Source: Financialpost March 15, 2024

Opinion: New CRA reporting rules for trusts are a disaster

Intended to catch trust cheats, rules create offence of failing to file, which thousands of innocent trustees will likely doBy Allan Lanthier We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos...

Source: Financialpost March 15, 2024

Taxpayer learns ignorance isn't bliss when it comes to the CRA and TFSA rules

Jamie Golombek: Taxpayer hit with overcontribution penalty gets no relief from CRA though she claimed not to know rulesReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases...

Source: Financialpost March 15, 2024

Bank of Canada rate cut watchers starting to look past the summer

Robert McLister: Rate market on alert for signs of an inflation comeback2024 kicked off with the economy flexing more muscle than anticipated. That has the rate market spooked, as it constantly looks for signs of an inflation comeback tour. We apologi...

Source: BNN Bloomberg March 14, 2024

Markets today: stocks struggle near record before inflation data

Stocks pushed away from their all-time highs amid a slide in a handful of big techs, with traders awaiting readings on inflation and retail sales for clues on the Federal Reserve’s next steps. Equities struggled to gain traction after a rally that has defi...

Market Call Source: BNN Bloomberg March 14, 2024

Gordon Reid's Top Picks: March 13, 2024

Gordon Reid, president and CEO at Goodreid Investment Counsel FOCUS: U.S. Equities MARKET OUTLOOK: As we anticipated in our Market Outlook on our Feb. 7 appearance, markets are adapting to a “higher for longer” interest rate scenario. The competing...

Source: BNN Bloomberg March 14, 2024

Real-return bonds reap gains for Ontario health-care pension

Canadian inflation-protected securities known as real-return bonds are reaping gains for one of the country’s largest pension funds during a turbulent period for fixed-income markets. Healthcare of Ontario Pension Plan (Hoopp) became an “aggressive” buyer...

Source: BNN Bloomberg March 14, 2024

TSX recap: Index climbs 0.64% on strength in energy

Strength in the energy sector helped lead Canada's main stock index higher on Wednesday, while U.S. stock markets were mixed. The S&P/TSX Composite Index closed up 139.09 points, or 0.64 per cent, at 21,970.11. In New York, the Dow Jones Industrial Aver...

Source: BNN Bloomberg March 13, 2024

Markets today: U.S. stock traders bracing for worst shrug off hot CPI

Stocks climbed to a fresh record as the latest inflation figures did little to alter bets the Federal Reserve will cut rates this year — even if officials keep a more cautious stance for now. An equity decline that lasted just a few minutes gave way to a r...