Daily News

Source: Financialpost February 16, 2024

Bank of Canada's inflation 'buffet' muddies timing of interest rate cuts

Bank monitors 6 indexes to get grasp on price pressures, giving it timing options and clouding outlook for marketsThe Bank of Canada says it’s watching core inflation closely as it weighs when to cut interest rates, but a mixed bag of measures gives it optio...

Source: BNN Bloomberg February 15, 2024

Markets today: dip buyers wade back in to fuel Wall Street gains

A renewed wave of dip buying sent stocks and bonds higher, following a slide triggered by an unexpected pickup in U.S. inflation. As investors awaited the next few economic reports that will be key in shaping the Federal Reserve’s rate path, Treasuries reb...

Market Call Source: BNN Bloomberg February 15, 2024

Chris Blumas' Top Picks: February 14, 2024

Chris Blumas, portfolio manager, Raymond James Investment Counsel  FOCUS: North American large caps  MARKET OUTLOOK: Concerns about inflation have prompted central banks around the world to tighten monetary conditions. However, the pace of tighteni...

Source: BNN Bloomberg February 15, 2024

Seasonality trends show equities could dip toward the end of February: analyst

One investment professional says that although equity markets have broadly done well in recent weeks, historical trends show momentum could slow later this month.  Brooke Thackray, a research analyst at Horizons ETF Management Canada, says that based on se...

Source: BNN Bloomberg February 15, 2024

Lyft shares rocket 62 per cent over a typo in the company's earnings release

Lyft shares jumped 62 per cent after the closing bell Tuesday thanks in part to a typo in the ride-hailing company’s earnings release that appears to have sent investors’ auto-trading algorithms — or “bots” — into a buying frenzy. Lyft’s fourth-quarter rep...

Source: BNN Bloomberg February 15, 2024

TSX recap: Index climbs 1.48%, recoups most of Tuesday’s losses

Canada's main stock index gained more than 300 points or almost 1.5 per cent Wednesday on broad-based strength, while U.S. markets also rose to take back some of their losses from the previous day.  The indexes slid Tuesday after the latest report on U.S....

Source: Financialpost February 15, 2024

Liberals rebrand carbon-tax rebates, amount to rise as much as 17% in April

Per-tonne price of carbon will also increase at same timeOTTAWA — The Liberals unveiled a rebrand of the federal carbon tax rebate Wednesday as they announced the new amounts households are expected to get after the price itself goes up in April. We a...

Source: Financialpost February 15, 2024

Posthaste: Canadians putting off saving for retirement, but still plan to stop working at 60

Many prefer to save in TFSAs over RRSPs as they focus on making ends meet, CIBC survey says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canadians putting off...

Source: Financialpost February 15, 2024

Terence Corcoran: Who most deserves the award for economic ignoramus — Trudeau or Eby?

PM tries to divert attention from the fact that CRTC regulations were a major factor in BCE's cutsIn response to BCE’s investment cutbacks and layoffs designed to help the corporation remain profitable and continue to pay dividends to shareholders and pensio...

Source: Financialpost February 15, 2024

Top headlines: Liberal, NDP pharmacare deal hung up on number of drugs to cover, reports say

The latest business news as it happensToday’s 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: Liberal, NDP pharmacare deal hung up on number of dru...