Daily News

Source: BNN Bloomberg March 08, 2024

TSX recap: Index finishes slightly higher amid U.S. market gains

Canada's main stock index gained almost one per cent on Thursday, while U.S. markets also rose, led by a 1.5 per cent gain on the Nasdaq.  The S&P/TSX Composite Index closed up 200.60 points, or 0.93 per cent, at 21,794.56. In New York, the Dow Jones In...

Source: Financialpost March 08, 2024

Posthaste: Why these economists think the Bank of Canada might not cut as soon as most expect

Canadians could have to wait longer than expected for rate relief We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Why these economists think the Bank of Canada mi...

Source: Financialpost March 08, 2024

Canada poised for a 'very hot' housing market this spring

Watch: Leah Zlatkin talks about the spring housing market and who should consider buying a home nowLeah Zlatkin, mortgage broker and Lowest Rates expert, talks to the Financial Post’s Larysa Harapyn about how shelter inflation is affecting the Bank of Canada...

Source: Financialpost March 08, 2024

5 tips to help keep the CRA off your back this tax-filing season

Jamie Golombek: These tax tips should help reduce the anxiety that can come with filing returnsReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on t...

Source: Financialpost March 08, 2024

Why adjustable-rate mortgages will be in the sweet spot when the Bank of Canada finally pivots

If you want your payment to follow rates lower, you need an ARM. Robert McLister tells you how to shop for oneLike kids waiting for Santa Claus, floating-rate mortgagors have waited months for the Bank of Canada to deliver savings. Instead, the central bank...

Source: Financialpost March 08, 2024

Mortgage rates trending downward even after Bank of Canada snoozefest

Robert McLister: Three-year fixed mortgages are where it's at for savvy homeowners looking to maintain flexibilityThe lowest nationally advertised fixed rates fell again this week, right in time for the bustling spring housing market. We apologize, bu...

Economy Source: Financialpost March 08, 2024

Trudeau's spring budget has companies worried about new taxes

Corporate tax hike may be needed to keep deficit growth in check amid new government spendingFinance Minister Chrystia Freeland’s upcoming budget has some in Canada’s business community concerned there will be tax increases to offset new government spending....

Source: BNN Bloomberg March 07, 2024

Markets today: U.S. stocks and bonds rise as Powell sticks to script

Wall Street traders breathed a sigh of relief, with Jerome Powell once again signaling that while a strong economy will keep officials on hold for now, he expects the Federal Reserve to cut rates this year. Stocks and bonds rose as investors took his remar...

Source: BNN Bloomberg March 07, 2024

Canada's top pension funds pressured by CEOs to invest more at home in open letter

Almost 100 top Canadian business leaders have signed an open letter to Finance Minister Chrystia Freeland and her provincial counterparts, urging them to change investment rules for pension funds to “encourage them to invest in Canada.”  The letter, publis...

Market Call Source: BNN Bloomberg March 07, 2024

Paul Harris' Top Picks: March 6, 2024

Paul Harris, partner and portfolio manager, Harris Douglas Asset Management FOCUS: North American and global stocks  MARKET OUTLOOK: We think that central banks should maintain higher rates until inflation is in line with the target of two per cent...