Daily News

Source: Financialpost February 02, 2024

Why investing within an RRSP makes sense for tax purposes no matter what you believe

Jamie Golombek explains how the returns from RRSP investing are tax free, not simply tax deferredReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on...

Source: BNN Bloomberg February 01, 2024

Markets today: U.S. stocks fall most in 2024 as U.S. Fed in no rush to cut

  Stocks saw their biggest decline since September after Jerome Powell said the Federal Reserve wants to keep its options open instead of rushing to cut interest rates. Speaking after the January Fed decision, Powell said he doesn’t think it’s likely th...

Market Call Source: BNN Bloomberg February 01, 2024

Paul Harris' Top Picks: January 31, 2024

Paul Harris, partner and portfolio manager, Harris Douglas Asset Management FOCUS: North American and global stocks  MARKET OUTLOOK: We think that central banks should maintain higher rates until inflation is in line with their target of two per ce...

Source: BNN Bloomberg February 01, 2024

Three Canadian small-cap stocks to buy: portfolio manager

Canadian stocks with small market capitalizations are trading at large discounts compared to their large-cap counterparts and a portfolio manager says the sector is primed for growth. Sajan Bedi, VP & portfolio manager at Canoe Financial, told BNN Bloomber...

Company News Source: BNN Bloomberg February 01, 2024

Mastercard’s costs grow more than expected as earnings beat

Mastercard Inc.’s fourth-quarter earnings beat analysts’ forecasts even as operating expenses grew more than analysts expected. Adjusted earnings came in at US$3.18 a share, higher than estimates of $3.08, while net income of $2.79 billion missed expectati...

Source: BNN Bloomberg February 01, 2024

TSX recap: Index down 0.97% in broad weakness

Canada's main stock index fell more than 200 points Wednesday on broad-based weakness, while U.S. markets also fell, led by losses in the tech sector.  The S&P/TSX Composite Index was down 205.99 points, or 0.97 per cent, at 21,021.88. In New York, the...

Source: Bankofcanada February 01, 2024

Opening Statement before the House of Commons Standing Committee on Finance

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Monet...

Source: Financialpost February 01, 2024

Philip Cross: From swaggering to staggering: Canada’s decline into irrelevance

It's remarkable how much our international reputation has faded over the past 10 years, both diplomatically and economicallyIt is remarkable how much attitudes about Canada have shifted, both here and abroad, over the past 10 years. A decade ago, riding the...

Economy Source: Financialpost February 01, 2024

Canada's economy grows more than expected, easing pressure on Bank of Canada to cut rates

Heating up of the Canadian economy may push expectations for a first rate cut further down the lineCanada’s real gross domestic product grew 0.2 per cent in November and early estimates suggest December growth was even stronger, a sign of economic resilience...

Source: BNN Bloomberg January 31, 2024

Markets today: stock rally stalls as tech earnings, U.S. Fed in focus

Stocks struggled for solid footing ahead of earnings from some of the tech behemoths that have powered the equity resurgence, with traders also sifting through a batch of economic data and awaiting the Federal Reserve rate decision. The stakes are high for...