Daily News

Source: Financialpost June 23, 2024

Opinion: Blame Canada’s productivity 'emergency' mostly on slow adoption of innovation

John Ruffolo: We need our private sector and public sector to unite around their complementary strengths, allowing for a true 'Team Canada' approachWhen Bank of Canada senior deputy governor Carolyn Rogers called Canada’s weak productivity growth an “emergen...

Source: BNN Bloomberg June 22, 2024

Hedge fund Arrowpoint lures CPPIB, Temasek unit as anchors

Former Millennium Management Asia executive Jonathan Xiong’s new hedge fund pod-shop has signed up Canada Pension Plan Investment Board (CPPIB) and a unit of Singapore’s Temasek Holdings Pte. as additional backers, according to people familiar with the matter...

Source: BNN Bloomberg June 22, 2024

All roads lead to Nvidia as tech sees record inflows, says BofA

The ongoing artificial intelligence frenzy that briefly made Nvidia Corp. the world’s most valuable company this week also drove record inflows into tech funds, said Bank of America Corp. strategists. About US$8.7 billion flowed into tech funds in the week...

Market Call Source: BNN Bloomberg June 22, 2024

Brian Madden's Top Picks: June 21, 2024

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK: The equally weighted S&P 500 Index is up a respectable five per cent this year but has been left in the dust by the traditional...

Source: BNN Bloomberg June 22, 2024

The Week Ahead: CPI, GDP data due

Monday, June 24 12:45 p.m. BoC Governor Macklem speaks in Winnipeg Tuesday, June 25 8:30 a.m. Canada Consumer Price Index (May) Earnings: Alimentation Couche-Tard, Carnival Corp, FedEx Wednesday, June 26 Earnings: Blackberry, Nov...

Source: BNN Bloomberg June 22, 2024

Markets today: S&P 500 trading volume spikes at Wall Street close

Wall Street’s massive expiration of options not only left stock traders more cautious, it also drove one of the leaders of the bull market to a roller-coaster ride. Volume soared at the close of trading. About US$5.5 trillion were estimated to expire durin...

Technology Source: BNN Bloomberg June 22, 2024

Nvidia sheds US$200 billion in value after short run as top stock

(Bloomberg) -- Nvidia Corp.’s run as the world’s most valuable company didn’t last long. Shares of the semiconductor giant have fallen 6.7% in the last two days, erasing over $220 billion in market capitalization and dragging the company from its place as the...

Source: Financialpost June 22, 2024

Nesto buys Canada's third-largest mortgage finance company

Combination with CMLS puts more than $60 billion in mortgages under its administrationDigital mortgage lender Nesto has acquired the third-largest mortgage finance company in Canada, CMLS Group, which it says makes it the largest technology-enabled lender in...

Source: Financialpost June 22, 2024

It's prime time to haggle for better mortgage rates

Robert McLister: Always demand better than a mortgage salesperson’s first offerIt’s been a downpour of fixed-rate cuts this week as mortgage lenders match plunging bond yields. We apologize, but this video has failed to load. Try refreshing your browser,...

Source: Financialpost June 22, 2024

Opinion: How to solve our housing crisis in one fell swoop

Get government out of the business of regulating and encouraging housing. Nothing does more to hinder those who could get the job donePrime Minister Justin Trudeau has made increasing housing a top priority by committing to “the most comprehensive and ambiti...