Daily News

Source: BNN Bloomberg December 05, 2023

'The outlook is terrible': Expert views on Canadian banks for 2024

Canada’s biggest banks reported a mixed bag of fourth quarter results last week, and experts are pessimistic about their earnings growth potential in 2024 amid the high interest rate environment. TD Bank, Scotiabank and Bank of Montreal missed earnings est...

Company News Source: BNN Bloomberg December 05, 2023

Jefferies opens Canada investment-banking unit in global push

Jefferies Financial Group is starting an investment-banking unit in Canada as part of an international expansion of its core Wall Street operations.  The company will offer investment-banking and capital-markets services to its corporate, institutional and...

Source: BNN Bloomberg December 05, 2023

TSX recap: Index down 0.21% on losses in energy, base metals

Canada's main stock index moved lower on Monday, dragged down by losses in energy and base metals, while U.S. markets also ended the day in the red, led by weakness on the Nasdaq.   After a strong November as rate hike pressures eased, with some of the big...

Source: Financialpost December 05, 2023

Top headlines: Canadian banks have never had job cut 'carnage' like this, David Rosenberg says

The latest business news as it happensTop headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: Canadian banks have never had job cut 'carnage' like this...

Source: Financialpost December 05, 2023

Posthaste: Canadians brace for mortgage renewal cliff that could hike payments by 70%

'Instead of the Grinch, it could be mortgage renewals that steal Christmas this year' We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canadians brace for mortgage...

Diane Francis Source: Financialpost December 05, 2023

Diane Francis: Canada in deep economic trouble

Economic indicators paint a stark contrast to the Liberal government's rosy assessmentCanada remains a chronic underachiever. Our economy contracted by 1.06 per cent quarter-over-quarter in the third quarter, while the United States economy grew by 5.2 per c...

Source: Financialpost December 04, 2023

How to raise your chances of getting a bigger tax refund next year

Now is a critical time to plan your taxesReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Canadians often associate tax season with fi...

Source: Financialpost December 04, 2023

Opinion: Don't blame immigration for inflation and high interest rates

Michael Burt and Pedro Antunes: By alleviating labour market pressure, the surge in immigration is deflationary By Michael Burt and Pedro Antunes  In the 12 months ending in March 2023, Canada welcomed nearly 1.2 million new people, a record for a one-year...

Source: BNN Bloomberg December 02, 2023

Markets today: bonds up as Powell pushback lasts 'a few seconds'

Wall Street turned a blind eye on Jerome Powell’s attempt to curb bets on rate cuts, with stocks and bonds climbing on speculation the Federal Reserve will stay put this month and ease policy in 2024. While the Fed chief said officials are ready to hike fu...

Source: BNN Bloomberg December 02, 2023

TSX today: Index composite up more than 100 points

Strength in base metal, energy and industrial stocks helped Canada's main stock index rise more than 100 points in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX composite index was up 107.31 points at 20,343.60. In New York, the...