Daily News

Source: Financialpost February 23, 2024

Ontario housing supply overstated by almost 1 million, land development study reveals

Discrepancy debunks notion that construction industry is 'sitting on supply,' say developersOntario’s regional planning authorities are overstating the number of lots that are ready for construction by nearly a million housing units, according to a new study...

Source: Financialpost February 23, 2024

Dip in inflation could herald declining mortgage rates as busy spring season approaches

Robert McLister: There’s a fair chance mortgage rates could dive further this springFans of low mortgage rates got what they wanted this week as inflation fell back into the two per cent range (2.9 per cent), well below Bay Street’s estimates. We apol...

Source: BNN Bloomberg February 22, 2024

Markets today: U.S. tech up in late hours on Nvidia's bullish outlook

Big tech looked poised for a rebound after Nvidia Corp.’s solid results and outlook bolstered confidence in the artificial-intelligence frenzy that has powered the stock market resurgence.  The giant chipmaker soared in late trading after predicting anothe...

Market Call Source: BNN Bloomberg February 22, 2024

Kim Bolton's Top Picks: February 21, 2023

Kim Bolton, president and portfolio manager of Black Swan Dexteritas FOCUS: Technology stocks  MARKET OUTLOOK: After ending 2023 on a very strong note, global equities continue to rally into the new year, with the MSCI ACWI Index hitting a new reco...

Source: BNN Bloomberg February 22, 2024

Three international stocks to consider: CIO

One investing professional says that he sees opportunities in international equity markets, as many investors focus on the U.S. technology sector. Derek Izuel, the CIO of Shelton Capital, said in an interview with BNN Bloomberg Wednesday that the spread be...

Source: BNN Bloomberg February 22, 2024

Energy transition stocks get lots of love from investors, TSX Venture list shows

Canadian-based mining companies that are betting on the global energy transition saw a surge of investor interest in 2023, according to the latest edition of the TSX Venture 50 list.  The annual ranking of top performers on Canada's main venture exchange,...

Company News Source: BNN Bloomberg February 22, 2024

Nvidia gives upbeat forecast as AI reaches 'tipping point'

Nvidia Corp. predicted another massive sales gain for the current quarter, helping justify a stock rally that has turned it into one of the world’s most valuable companies. Revenue in the current period will be about US$24 billion, the company said in a st...

Source: Financialpost February 22, 2024

Franco Terrazzano: Automatic tax filing? Don’t give CRA more power over taxpayers

The agency's job is to collect taxes. If it also files more Canadians' taxes for them, that puts it in a classic conflict of interestTrusting the taxman to do your return is like trusting your dog to protect your burger. We apologize, but this video h...

Source: Financialpost February 22, 2024

Canada's oil boom threatens to bring back pipeline shortages

Producers set to pour half a million barrels of new daily output — more than the total production of some OPEC members — into world marketsCanada’s oil producers are poised to pour about half a million barrels of new daily output — more than the total produc...

Source: Financialpost February 22, 2024

Inflation data is no 'slam dunk' for Bank of Canada rate cut

Watch Dawn Desjardins, chief economist at Deloitte Canada, on the impact of Canada's January inflation numbersDawn Desjardins, chief economist at Deloitte Canada, talks with Financial Post’s Larysa Harapyn about how Canada’s January inflation numbers mean fo...