Daily News

Market Call Source: BNN Bloomberg May 14, 2024

Teal Linde's Top Picks: May 13, 2024

Teal Linde, manager, Linde Equity Fund FOCUS: North American Mid and large-cap stocks  MARKET OUTLOOK: Investors continue to face a challenging market. Interest rates remain at their highest level in decades. Hopes for reduced rates are being pushe...

Source: Financialpost May 14, 2024

Don't ignore the threat to the loonie that's lurking across the pond, economist warns

Avery Shenfeld believes the greenback has been bid up to the point where it is overvaluedWhile economists have been warning that divergence in fiscal policy between the Bank of Canada and the United States Federal Reserve could send the Canadian dollar into...

Source: Financialpost May 14, 2024

RBC poised to outperform rivals thanks to HSBC deal, say analysts

Dividend increases among the big banks expected to be muted when earnings come out next week Get the latest from Barbara Shecter straight to your inbox Sign Up Exposure to more fee-based revenue from the acquisition of HSBC’s Canadian franchise is lik...

Source: Financialpost May 14, 2024

Trudeau abandons tax threat on apartment owners, REITs

The Liberals had promised to 'curb excessive profits' of large owners of residential propertiesPrime Minister Justin Trudeau’s government pulled back on a threat to hit some real estate investment trusts in Canada with a new tax regime after opposition from...

Source: Financialpost May 14, 2024

Suncor, Chevron among oilsands giants pushing Trans Mountain to alter specifications

The drillers argue the current limits reduce the value of the oil that’s shipped and restricts where it can be refinedOil companies including Chevron Corp., Canadian Natural Resources Ltd. and Suncor Energy Inc. are pressing the operators of the expanded Tra...

Source: Financialpost May 14, 2024

Declining Canadian economy, dollar mean investors should add protection to their portfolios

Martin Pelletier: Canada could be in more trouble than many thinkThere is a lot of uncertainty for the average Canadian these days, including trying to navigate a complex macro-economic environment that is already starting to have a material impact on their...

Source: Financialpost May 13, 2024

What's next for investors as central banks continue to hold rates

Analysts and economists alike were expecting central banks on both sides of the border to have already cut ratesThere’s been a lot of angst about when and how deeply central banks will cut interest rates, but there hasn’t been much movement yet. We ap...

Source: Financialpost May 12, 2024

Why saving for a downpayment is next to impossible in Canada's major markets

Robert McLister: When someone earning six-figures can't save fast enough, you know there's a problemIf you’re a first-time buyer, diligently saving for a new home means you’ll probably end up paying a lot more for that home. We apologize, but this vid...

Source: Financialpost May 12, 2024

With many Ontario homebuyers on the sidelines, gen Z, immigrants enter the market

8% of new home buyers are born between 1996 and 2012, up from 3% a year agoAs prospective Ontario homebuyers increasingly sit on the sidelines of the real estate market, a new survey suggests more gen-Zers and newcomers are entering the fray. We apolo...

Source: BNN Bloomberg May 11, 2024

Markets today: S&P 500 rally wanes amid U.S. stagflation chatter

The stock market struggled to gain much traction after data pointed to an economy that is slowing amid stubborn inflation, posing a challenge to the outlook of Federal Reserve rate cuts. Equities wavered and bond yields rose following a report that showed...