Daily News

Source: BNN Bloomberg June 07, 2024

Markets today: Bonds halt rally as ECB's 'hawkish cut' lifts euro

The global bond market lost steam after notching its longest winning run in 2024 as the European Central Bank raised its inflation forecasts after delivering a widely expected rate cut. In a historic move that saw the ECB slashing borrowing costs ahead of...

Market Call Source: BNN Bloomberg June 07, 2024

Stan Wong’s Top Picks: June 6, 2024

Stan Wong, portfolio manager at Scotia Wealth Management FOCUS: North American large caps, ETFs MARKET OUTLOOK: Global equity markets have experienced a remarkable rally over the past several months, defying expectations of a potential economic slo...

Source: Financialpost June 07, 2024

Variable rate mortgages are the best bet to save you money after Bank of Canada cut

McLister: Yes, five-year fixed rates provide robust payment protection at a fair cost, but they are about as flexible as a frozen turkeyAfter a 27-month anxiety marathon that saw 475 basis points of rate hikes, Bank of Canada governor Tiff Macklem turned int...

Source: Financialpost June 07, 2024

Taxpayer who flipped a property eight years ago gets a CRA call

Although the new rules only came into play for 2023, the Canada Revenue Agency can still challenge older real estate “flips”Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purc...

Source: BNN Bloomberg June 06, 2024

Markets today: ‘Mag seven’ drive U.S. stocks toward all-time highs

  The world’s largest technology companies drove stocks toward all-time highs, while bond yields fell with traders almost fully pricing in two Federal Reserve rate cuts in 2024. The S&P 500 was set for its 25th record this year as Nvidia Corp. led a ral...

Personal Finance Source: BNN Bloomberg June 06, 2024

What the Bank of Canada rate cut means for mortgages, consumer loans and investments

The Bank of Canada has lowered its key interest rate by a quarter of a percentage point to 4.75 per cent, the first cut in more than four years.  Here's what it could mean for your finances: What does it mean for consumers and prime rates?  The Bank...

Source: BNN Bloomberg June 06, 2024

A year and US$2 trillion later, Nvidia stock remains irresistible

Its business is massive, its profits are booming and everyone already knows Nvidia Corp. is the hottest stock on Wall Street. Is it possible that the world’s most valuable chipmaker still has room to run? That’s what many investors are betting in what has...

Market Call Source: BNN Bloomberg June 06, 2024

Jason Donville's Top Picks: June 5, 2024

Jason Donville, president and CEO, Donville Kent Asset Management FOCUS: Canadian growth stocks MARKET OUTLOOK: The small and mid cap rebound, which started in November 2023, has continued into June. We believe this is the start of the next bull cy...

Source: Financialpost June 06, 2024

Bank of Canada's Tiff Macklem signals more rate cuts possible after historic shift

'We’ve come a long way in the fight against inflation' — Tiff Macklem Get the latest from Barbara Shecter straight to your inbox Sign Up The Bank of Canada cut interest rates Wednesday for the first time since launching a historic hiking cycle to comb...

Source: Financialpost June 06, 2024

What the Bank of Canada rate cut means for mortgages, loans and investments

From prime rates to savings accounts to GICs. Here is what you need to knowReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. The Bank o...