Daily News

Source: Financialpost October 27, 2023

Posthaste: 3.4 million Canadians will renew their mortgages by 2025 — and they're worried

Royal LePage survey finds many looking at a variety of cost-cutting tactics We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: 3.4 million Canadians will renew their...

Source: Financialpost October 27, 2023

Inflation, interest rates will have a surprising effect on your taxes next year

Jamie Golombek: The interest rate on any tax debt you owe to the CRA will rise to a whopping 10% come Jan. 1Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made throu...

Source: Financialpost October 27, 2023

Wave of job cuts ‘probably just the beginning’ at Canadian banks

Scotiabank, BMO and RBC look to reduce headcountCanadian banks have resumed cutting jobs after a three-year hiatus, with lenders and investment banks so far dismissing at least 6,000 workers, and analysts predicting more to come as revenue remains under pres...

Source: Financialpost October 27, 2023

Top headlines: Canadian dollar drops after Bank of Canada holds rates — what it means for you

The latest business news as it happensToday’s top headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: Canadian dollar drops after Bank of Canada holds...

Economy Source: Financialpost October 27, 2023

Theo Argitis: Return to normal is proving elusive for Bank of Canada

Tiff Macklem's tenure as governor was supposed to be boring. Instead, it has been anything butI feel for Tiff Macklem, Canada’s central bank governor. We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see othe...

Source: BNN Bloomberg October 26, 2023

How to invest as the Bank of Canada holds interest rates at 5%

The Bank of Canada’s decision to keep its overnight lending rate on hold at an elevated level is driving some investment professionals to move money into the bond market and consumer staples as a defensive strategy.    The central bank decided to hold its b...

Source: BNN Bloomberg October 26, 2023

​TSX recap: Index finishes 0.2% lower

Canada's main stock index stepped lower Wednesday despite strength in energy stocks and battery metals, while U.S. markets fell.  The S&P/TSX Composite Index closed down 38.64 points, or 0.2 per cent, at 18,947.85. In New York, the Dow Jones Industrial...

Source: BNN Bloomberg October 26, 2023

Nasdaq 100 has worst drop of 2023 as yields climb

Wall Street grappling with a batch of corporate earnings sent stocks lower on Wednesday amid heightened Treasury volatility, with traders also keeping an eye on the latest geopolitical developments. The S&P 500 dropped about 1.5 per cent. The Nasdaq 100 sa...

Market Call Source: BNN Bloomberg October 26, 2023

Kim Bolton's Top Picks: October 25, 2023

Kim Bolton, president and portfolio manager of Black Swan Dexteritas FOCUS: Technology stocks MARKET OUTLOOK: While the market assesses the next fundamental catalyst or technical signal, your BSD portfolio management team will continue to trim thos...

Source: Bankofcanada October 26, 2023

Bank of Canada announces appointment of Nick Leswick as Executive Director of Policy

The Bank of Canada today announced that Nick Leswick has been appointed to the new role of Executive Director of Policy, effective January 9, 2024. Reporting to the Senior Deputy Governor, Mr. Leswic...