Daily News

Source: BNN Bloomberg June 18, 2024

Markets today: S&P 500 hits 30th record of 2024 as Megacaps rally

A rally in the world’s largest technology companies drove stocks to all-time highs, with some prominent Wall Street strategists rushing to boost their targets even as many hedge funds grow increasingly cautious. The S&P 500 hit its 30th record this year, d...

Source: BNN Bloomberg June 18, 2024

Dearth of energy stock offerings puts Calgary bankers at risk

Stock offerings are rebounding across Canada’s equity market, except for oil and gas companies, where issuance has dried up to the point that investment banks are scaling back their activities in Calgary. Stifel Financial Corp. closed its office in the cou...

Company News Source: BNN Bloomberg June 18, 2024

Scotiabank says market 'too negative' on National Bank-CWB deal

National Bank of Canada shares are being punished too harshly after announcing its intent to buy Canadian Western Bank, according to Bank of Nova Scotia, which called the deal a “strategic winner.” Last week, Canada’s sixth-largest lender said it agreed to...

Source: BNN Bloomberg June 18, 2024

Citi downgrades Europe stocks on political turmoil, upgrades U.S.

Risks from France’s political upheaval helped trigger a Citigroup Inc. downgrade of European stocks, with its strategists preferring more growth-oriented U.S. equities.  Strategists led by Beata Manthey lowered their view on European shares to neutral from...

Market Call Source: BNN Bloomberg June 18, 2024

Teal Linde's Top Picks: June 17, 2024

Teal Linde, manager at Linde Equity Fund FOCUS: North American mid, large-cap stocks  MARKET OUTLOOK: The threat of surging inflation and rapidly rising interest rates on the markets is largely behind us. However, other challenges remain. Economic...

Source: Financialpost June 18, 2024

Canadian dollar weak but not 'falling through the floor'

Watch: Karl Schamotta of Corpay explains how the interest rate divergence trade is pulling down the loonieKarl Schamotta, chief market strategist at Corpay, talks with Financial Post’s Larysa Harapyn about the stable U.S. dollar and what that means for the C...

Source: Financialpost June 18, 2024

Bank of Canada rate cut seen revitalizing housing market after 'sleepy' May

CREA predicts this could be the last slow month now that interest rates are moving lowerThe Canadian real estate market showed further signs of sluggishness in May, with the national benchmark home price slipping to $714,300, down 0.2 per cent from April to...

Source: Financialpost June 18, 2024

Diane Francis: Protecting the 'traitors'

Canadians have a right to know if their elected representatives have been accused of collaborating with a foreign governmentCanadians have remained in the dark for years about interference by China and other foreign countries in their democracy. Inquiries ha...

Source: Financialpost June 18, 2024

Ted Rechtshaffen: Canada’s shifting values are leading us to a scary economic future

Canada has truly lost the values that made it a great country and our economic future is at real riskCanada’s core values have shifted so meaningfully that I am afraid they are destroying the economic future of this country for our children and grandchildren...

Source: Financialpost June 18, 2024

Canadians getting more anxious about their finances as they await more rate cuts

55% are worried about their personal and day-to-day family financesReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. More Bank of Canad...