Daily News

Source: BNN Bloomberg June 01, 2024

Markets today: S&P 500 spikes in final 20 minutes of U.S. trading

A renewed bout of volatility gripped stocks in the final stretch of May, with the market finishing higher amid a rotation between technology and other industries. After dropping almost one per cent amid a selloff in tech megacaps, the S&P 500 rose about as...

Market Call Source: BNN Bloomberg June 01, 2024

Rick Rule's Top Picks: May 31, 2024

Rick Rule, President & CEO, Rule Investment Media LLC FOCUS: Natural resource stocks   MARKET OUTLOOK: Despite some economic headwinds, concerns about global geo politics, and domestic political turmoil in the U.S., both debt and equity markets co...

Source: Financialpost June 01, 2024

Fix or float is the big mortgage question as Bank of Canada rate cuts approach

Mortgage strategist Robert McLister looks at whether rolling the dice is worth the thrillThis Wednesday could be a game-changer for family budgets everywhere. If not then, mark your calendars for July 24. We apologize, but this video has failed to load....

Source: Financialpost June 01, 2024

Market bets on Bank of Canada rate cut shoot to 80% after latest Canadian and U.S. data

Robert McLister: The writing's on the wall — lower variable rates are comingThe economic deities on Friday answered the prayers of those banking on lower rates. We apologize, but this video has failed to load. Try refreshing your browser, ortap here to s...

Source: Financialpost June 01, 2024

FP Answers: Is $1 million in savings enough to retire on if we withdraw 4% per year?

The short answer is yes, but word of caution on rules, you may come to regret themReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. By...

Economy Source: Financialpost June 01, 2024

Economy slows more than expected, raising hopes of Bank of Canada rate cut

'Big picture is that Canada’s economy has expanded by a meagre 0.5% in the past year' Get the latest from Naimul Karim straight to your inbox Sign Up The Canadian economy grew at a slower-than-expected pace in the first quarter, amid rising expectatio...

Source: BNN Bloomberg May 31, 2024

Markets today: Tech rout hits stocks as treasuries gain after GDP

Wall Street traders sent stocks down and bonds up after the latest round of economic data signaled momentum is slowing. Just 24 hours before the release of the Federal Reserve’s favorite price gauge, a report showed the U.S. grew at softer pace — as both s...

Market Call Source: BNN Bloomberg May 31, 2024

Andrew Moffs' Top Picks: May 30, 2024

Andrew Moffs, Senior Vice President & portfolio manager, Vision Capital FOCUS: Real estate stocks MARKET OUTLOOK: In the wake of a strong and broad rally across the North American publicly-traded real estate securities universe in the fourth quarte...

Source: Financialpost May 31, 2024

Mortgage discounts fail to lure borrowers away from shorter-terms as rate cuts near

CMHC says residential mortgage debt growing at slowest rate in more than two decadesAmid ongoing uncertainty over the direction of interest rates, Canada’s mortgage market has seen a significant shift in borrower and lender behaviours. Anticipating a potenti...

Source: Financialpost May 31, 2024

RBC hikes dividend, promises buy-backs after profit boost beats expectations

Royal Bank best banking performer of the quarter, says analystTORONTO — Royal Bank of Canada says it’s rewarding shareholders as its second-quarter profit rose from last year and it successfully closed its HSBC Canada acquisition. We apologize, but this...