Daily News

Source: Financialpost February 03, 2024

Homebuyers' frenzy growing even before Bank of Canada rates go down

Buyers eager to get in before competition pushes prices back out of reachBuyers in Canada are starting to venture back into the housing market, seeking to get ahead of any possible shopping frenzy spurred by expected rate cuts from the Bank of Canada....

Source: BNN Bloomberg February 02, 2024

Markets today: Tech gains in late hours on Amazon, Meta earnings

A US$244 billion exchange-traded fund tracking the Nasdaq 100 climbed in late hours after Amazon.com Inc. and Meta Platforms Inc.’s results. Amazon extended gains after reporting strong profit and giving an operating income outlook that surpassed estimates...

Company News Source: BNN Bloomberg February 02, 2024

Meta plans US$50 billion buyback in effort to win over investors

Meta Platforms Inc. announced plans to buy back an additional US$50 billion in shares and issue its first-ever quarterly dividend as Chief Executive Officer Mark Zuckerberg works to convince investors that his costly bets on the metaverse and artificial intel...

Source: BNN Bloomberg February 02, 2024

TSX recap: Index defies energy weakness, climbs 0.46%

Canada's main stock index gained almost a hundred points Thursday despite weakness in energy stocks, while U.S. markets erased a big chunk of their losses from the day before.  The S&P/TSX Composite Index closed up 97.33 points, or 0.46 per cent, at 21,119...

Market Call Source: BNN Bloomberg February 02, 2024

Lorne Steinberg's Top Picks: February 1, 2024

Lorne Steinberg, president, Lorne Steinberg Wealth Management FOCUS: Global value stocks and high-yield bonds  MARKET OUTLOOK: Inflation and interest rates continue to dominate the headlines, as markets price in some central bank easing in 2024. De...

Company News Source: BNN Bloomberg February 02, 2024

Apple reports first sales gain in a year despite slump in China

Apple Inc. reported a deepening slump in China during the holiday quarter, even as total iPhone sales were stronger than expected and the company returned to revenue growth.  Sales in China dropped 13 per cent to US$20.8 billion in the fiscal first quarter...

Source: Financialpost February 02, 2024

Matthew Lau: Canadians are overtaxed and underserved

What's left of your annual bonus after tax and what does it get you?A colleague lamented last week, on receiving his annual bonus, that he saw only 42 per cent of it. The other 58 per cent, though it departed his employer’s bank account, never reached his. M...

Source: Financialpost February 02, 2024

Why Quebec is trying to close the wealth gap after decades as Ontario's poorer neighbour

Quebec will do whatever it takes to catch up to its neighbour to the WestOntarians are wealthier than Quebeckers, but Francois Legault is on a mission to close the gap. We apologize, but this video has failed to load. Try refreshing your browser, orta...

Source: Financialpost February 02, 2024

Posthaste: Retirement out of reach for almost 40% of working Canadians over 50, survey finds

Only about a third say they are in the financial position to retire when they want We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Retirement out of reach for alm...

Source: Financialpost February 02, 2024

Bank of Canada governor says interest rates not to blame for housing crisis

Urges government to focus on increasing housing supply to improve affordabilityOTTAWA — Bank of Canada governor Tiff Macklem says the central bank can’t solve the housing crisis with interest rates because the root cause is a supply shortage. We apolo...