Daily News

Source: Financialpost May 14, 2024

Suncor, Chevron among oilsands giants pushing Trans Mountain to alter specifications

The drillers argue the current limits reduce the value of the oil that’s shipped and restricts where it can be refinedOil companies including Chevron Corp., Canadian Natural Resources Ltd. and Suncor Energy Inc. are pressing the operators of the expanded Tra...

Source: Financialpost May 14, 2024

Declining Canadian economy, dollar mean investors should add protection to their portfolios

Martin Pelletier: Canada could be in more trouble than many thinkThere is a lot of uncertainty for the average Canadian these days, including trying to navigate a complex macro-economic environment that is already starting to have a material impact on their...

Source: Financialpost May 13, 2024

What's next for investors as central banks continue to hold rates

Analysts and economists alike were expecting central banks on both sides of the border to have already cut ratesThere’s been a lot of angst about when and how deeply central banks will cut interest rates, but there hasn’t been much movement yet. We ap...

Source: Financialpost May 12, 2024

Why saving for a downpayment is next to impossible in Canada's major markets

Robert McLister: When someone earning six-figures can't save fast enough, you know there's a problemIf you’re a first-time buyer, diligently saving for a new home means you’ll probably end up paying a lot more for that home. We apologize, but this vid...

Source: Financialpost May 12, 2024

Canadian business groups backtrack on claim about capital gains tax change

Canadian Chamber of Commerce and others now say one in five companies, not individuals, would be directly affectedReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made...

Source: Financialpost May 12, 2024

With many Ontario homebuyers on the sidelines, gen Z, immigrants enter the market

8% of new home buyers are born between 1996 and 2012, up from 3% a year agoAs prospective Ontario homebuyers increasingly sit on the sidelines of the real estate market, a new survey suggests more gen-Zers and newcomers are entering the fray. We apolo...

Source: BNN Bloomberg May 11, 2024

Markets today: S&P 500 rally wanes amid U.S. stagflation chatter

The stock market struggled to gain much traction after data pointed to an economy that is slowing amid stubborn inflation, posing a challenge to the outlook of Federal Reserve rate cuts. Equities wavered and bond yields rose following a report that showed...

Source: BNN Bloomberg May 11, 2024

Kevin O'Leary shares financial advice on Morning Markets

As Canadian investors grapple with a rapidly evolving landscape, BNN Bloomberg sat down with Kevin O'Leary, the chairman of O'Leary Ventures, for his perspective and insights across equity markets, Canadian tax changes, his efforts to buy TikTok and more. ...

Market Call Source: BNN Bloomberg May 11, 2024

Brian Madden's Top Picks: May 10, 2024

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK: After a short and shallow drawdown in early April, Canadian stocks resumed their uptrend and closed at an all-time high yesterda...

Source: Financialpost May 11, 2024

Bank of Canada warns bets tied to timing of rate cuts are boosting leverage in some markets

Senior deputy governor Carolyn Rogers says higher leverage not a problem yet, but could be if there is a dash for cash Get the latest from Barbara Shecter straight to your inbox Sign Up Bank of Canada officials are monitoring pockets of increasing lev...