Daily News

Source: Bankofcanada October 25, 2023

Bank of Canada maintains policy rate, continues quantitative tightening

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The global ec...

Source: Bankofcanada October 25, 2023

Monetary Policy Report Press Conference Opening Statement

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement and the Bank of Canada’s Monetary...

Source: Financialpost October 25, 2023

Look for 'hawkish hold' from Bank of Canada, says strategist

Watch strategist Karl Schamotta on next moves for the Bank of Canada and Federal ReserveKarl Schamotta, chief market strategist at Corpay, talks with Financial Post’s Larysa Harapyn about the Canadian and U.S. economies and next moves for the Bank of Canada...

Source: Financialpost October 25, 2023

Posthaste: Canadians finding mortgage payments ‘very difficult’ have doubled since March

Poll finds debt anxiety is rising More Canadians are struggling with the higher cost of mortgage debt, and anxiety is rising for those who face renewal on the horizon, says a new survey. The Bank of Canada has raised interest rates 10 times in its battle...

Source: Financialpost October 25, 2023

Top headlines: CN Rail profits drop nearly 25% on falling demand, B.C. port strike

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: CN Rail profits drop nearly 25% on falling demand...

Source: BNN Bloomberg October 24, 2023

British Columbia pension fund joins AAA bond club at expensive time

British Columbia Investment Management Corporation, which manages $233 billion (US$170 billion) of assets mostly for public sector pensioners in the western province, priced its debut bond sale in Canadian dollars even as borrowing costs hover near historic h...

Market Call Source: BNN Bloomberg October 24, 2023

Christine Poole's Top Picks: October 23, 2023

Christine Poole, CEO and managing director at GlobeInvest Capital Management FOCUS: North American large-cap stocks  MARKET OUTLOOK: Financial markets are recalibrating to a higher interest rate environment, with interest rates returning to a more...

Source: BNN Bloomberg October 24, 2023

Wall Street trading rattled by wild treasury moves

A renewed bout of volatility in the bond market impacted stock trading, with investors also awaiting earnings from a handful of big techs. Oil sank as Israel appeared to hold off on a broader ground invasion of Gaza. After several twists and turns, the S&P...

Source: BNN Bloomberg October 24, 2023

TSX recap: Index falls 0.36% on weakness in energy, metals

Losses in energy and metals stocks led the way down for Canada's main stock index Monday, while U.S. markets ended the day mixed.  The S&P/TSX Composite Index closed down 68.90 points, or 0.36 per cent, at 19,046.74. In New York, the Dow Jones Industria...

Source: Financialpost October 24, 2023

Will you outlive your money? Here's how to find out

Ted Rechtshaffen: Financial and estate planning isn't quick and simple, but there's no harm in testing the waters online for freeReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from...