Daily News

Source: Financialpost March 01, 2024

Posthaste: Sidelined homebuyers just waiting for the Bank of Canada to cut rates

56% of Canadians say they postponed their property search because of higher interest rates, survey finds We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Sidelined...

Source: Financialpost March 01, 2024

A deeper dive into the CRA's rules around using a tax-free FHSA to buy a home

Jamie Golombek: Here are answers to common questions, including what to know when one spouse already owns a homeReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made t...

Source: Financialpost March 01, 2024

Don't expect mortgage fireworks after Bank of Canada interest rate decision

Robert McLister: These are the two things mortgage deal hunters should root for in MarchThe Bank of Canada’s next rate-setting verdict is just six days away. Wake me up if something happens. We apologize, but this video has failed to load. Try refresh...

Economy Source: Financialpost March 01, 2024

Canada's economy grows more than expected, dodging recession

Stronger growth supports case for Bank of Canada to hold interest rates steady until June Get the latest from Naimul Karim straight to your inbox Sign Up The Canadian economy has dodged a recession as gross domestic product edged up in the fourth quar...

Economy Source: Financialpost March 01, 2024

'Bottom still isn't falling out of the economy': What economists make of the GDP data

Grows one per cent in final quarter of 2023The Canadian economy hung tough in the final quarter of last year, expanding one per cent on annualized basis after contracting in the third quarter, Statistics Canada said on Feb. 29. We apologize, but this...

Source: BNN Bloomberg February 29, 2024

Parkland Corp. sees earnings rise in fourth quarter despite lower sales

Parkland Corp. says it earned $86 million in its fourth quarter, up from $69 million a year earlier. The Calgary-based company says earnings per diluted share were 48 cents, up from 39 cents during the same quarter the year before.  Sales and operating...

Source: BNN Bloomberg February 29, 2024

Economic environment impacting Canadian investor sentiment: survey

Economic uncertainty is weighing on the sentiment of Canadian investors, with most saying they are concerned about their investments, a new survey found.  Results from the Scotia Global Asset Management Investor Sentiment survey, released Wednesday, found...

Market Call Source: BNN Bloomberg February 29, 2024

Jeff Parent's Top Picks: February 28, 2024

Jeff Parent, chief investment officer at Castlemoore FOCUS: Technical analysis  MARKET OUTLOOK: There are a lot of worrisome technical indicators flashing now. The markets are looking very overbought after about a 25-per-cent rally from October. Vo...

Source: BNN Bloomberg February 29, 2024

TSX recap: Index dip 0.35% on weakness in metals

Canada's main index moved lower Wednesday, led by weakness in base metals, while U.S. markets also continued to move down from last week's highs.  The S&P/TSX Composite Index closed down 75.13 points, or 0.35 per cent, at 21,243.77. In New York, the Dow...

Source: BNN Bloomberg February 29, 2024

Salesforce outlook disappoints as AI fails to spark growth

Salesforce Inc. provided an outlook for annual sales that fell short of estimates, suggesting new artificial intelligence features for its software have yet to spur growth. The shares declined about 4 per cent in extended trading. Revenue will increase abo...