Daily News

Source: BNN Bloomberg January 20, 2024

TSX recap: financial, utility and tech stocks lift Index 0.72%

Strength in financial, utilities and technology stocks helped the TSX gain almost 150 points Friday, while U.S. markets broadly rose on the back of technology, with the S&P 500 rallying to hit a new all-time record high.  The S&P/TSX Composite Index closed...

Source: Financialpost January 20, 2024

Stellantis warns of 'bloodbath' from EV price cuts as Ford chops F-150 Lightning output

Cost reductions risk damaging carmakers' financial healthStellantis NV boss Carlos Tavares has warned carmakers cutting electric vehicle prices too fast risked a “bloodbath” in the industry, hours after Ford said it was reducing production of its battery-pow...

Source: Financialpost January 20, 2024

FP Answers: What happens to TFSA contributions and limits once a spouse dies?

No, you do not now have twice as much TFSA roomReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. By Julie Cazzin with Andrew Dobson...

Source: Financialpost January 20, 2024

Posthaste: Stagflation the wildcard in hopes for Bank of Canada interest rate cut, economist says

No 'compelling' case yet based on rising inflation and downbeat business outlook We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Stagflation the wildcard in hopes...

Market Call Source: BNN Bloomberg January 19, 2024

Hap Sneddon's Top Picks: January 18, 2024

Hap Sneddon, president and chief portfolio manager at Castlemoore FOCUS: Technical Analysis MARKET OUTLOOK: Equity markets are overbought in the short term. Many indicators, along with the price action, have begun to roll over. This is consistent w...

Source: BNN Bloomberg January 19, 2024

Three health-care stocks to consider: Stifel analyst

Health-care stocks are an attractive buy as Canada’s population ages and younger Canadians become more health-conscious, according to an analyst covering the sector. Justin Keywood, healthcare and special situations analyst at Stifel Canada, told BNN Bloom...

Source: BNN Bloomberg January 19, 2024

Markets today: Nasdaq 100 hits record high in tech-fuelled rebound

A rally in some of the world’s largest technology companies fuelled a rebound in stocks, with traders also weighing the latest economic data and Fedspeak for clues on the U.S. central bank’s next steps. After a back-to-back slide, the S&P 500 rose as bond-...

Source: BNN Bloomberg January 19, 2024

TSX recap: Index climbs 0.30% on industrial stock strength

Strength in industrial stocks helped Canada's main stock index post a small gain Thursday, while U.S. markets rose, more than reclaiming Wednesday's losses. The S&P/TSX Composite Index closed up 61.71 points, or 0.30 per cent, at 20,756.73. In New York,...

Source: Financialpost January 19, 2024

Posthaste: Why the Bank of Canada could still cut interest rates as early as April

Despite the inflation 'setback,' economy is cooling rapidly We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Why the Bank of Canada could still cut interest rates...

Source: Financialpost January 19, 2024

The CRA's prescribed interest rate hits double digits: 3 ways it could affect your wallet

Jamie Golombek: Interest rate for overdue taxes is now 10%Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. For the first time in more...