Daily News

Economy Source: Financialpost March 02, 2024

David Rosenberg: Canada loves people — businesses, not so much

A bull market in population growth and a nothing-burger for the economyFirst, the good news: Canada’s economy closed 2024 in slightly better shape than was expected, with real gross domestic product growth inching up to a one per cent annual rate (consensus...

Source: BNN Bloomberg March 01, 2024

Markets today: U.S. stocks end month at new highs after inflation data

Wall Street traders fearing another disappointing inflation report got a degree of relief after the Federal Reserve’s favored price gauge was on spot with estimates. Stocks closed at all-time highs as the personal consumption expenditures index added to be...

Market Call Source: BNN Bloomberg March 01, 2024

Robert Gill's Top Picks: February 29, 2024

Robert Gill, senior vice president and portfolio manager at Goodreid Investment Counsel FOCUS: Canadian large caps MARKET OUTLOOK: Berkshire Hathaway’s annual letter made for an entertaining read as always. Co-founder, chairman and CEO Warren Buffe...

Source: BNN Bloomberg March 01, 2024

TSX recap: Index climbs 0.56% on energy gains

Canada's main stock index gained more than 100 points Thursday, boosted by gains in energy stocks, while U.S. markets also rose.  The S&P/TSX Composite Index closed up 119.84 points, or 0.56 per cent, at 21,363.61. In New York, the Dow Jones Industrial...

Source: Financialpost March 01, 2024

Robert McLister: These are the lowest national mortgage rates in Canada right now

The top national insured and uninsured mortgage rates, updated dailyCanada’s mortgage market is changing all the time. Bookmark this page to find the top national insured and uninsured mortgage rates, updated daily, based on data from MortgageLogic.news...

Source: Financialpost March 01, 2024

Posthaste: Sidelined homebuyers just waiting for the Bank of Canada to cut rates

56% of Canadians say they postponed their property search because of higher interest rates, survey finds We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Sidelined...

Source: Financialpost March 01, 2024

A deeper dive into the CRA's rules around using a tax-free FHSA to buy a home

Jamie Golombek: Here are answers to common questions, including what to know when one spouse already owns a homeReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made t...

Source: Financialpost March 01, 2024

Don't expect mortgage fireworks after Bank of Canada interest rate decision

Robert McLister: These are the two things mortgage deal hunters should root for in MarchThe Bank of Canada’s next rate-setting verdict is just six days away. Wake me up if something happens. We apologize, but this video has failed to load. Try refresh...

Economy Source: Financialpost March 01, 2024

Canada's economy grows more than expected, dodging recession

Stronger growth supports case for Bank of Canada to hold interest rates steady until June Get the latest from Naimul Karim straight to your inbox Sign Up The Canadian economy has dodged a recession as gross domestic product edged up in the fourth quar...

Economy Source: Financialpost March 01, 2024

'Bottom still isn't falling out of the economy': What economists make of the GDP data

Grows one per cent in final quarter of 2023The Canadian economy hung tough in the final quarter of last year, expanding one per cent on annualized basis after contracting in the third quarter, Statistics Canada said on Feb. 29. We apologize, but this...