Daily News

Source: Financialpost April 16, 2024

Housing optimism surges in Canada with rate cuts on horizon

Nearly half expect value of real estate in their neighbourhoods to increase over next six monthsCanadians are growing bullish on housing again. We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other video...

Source: Financialpost April 16, 2024

Inflation likely rose in March, but not enough to change Bank of Canada's direction

June interest rate cut still within realm of possibilitiesCanadian inflation likely reaccelerated in March, but not by enough to throw the Bank of Canada off course, economists say. We apologize, but this video has failed to load. Try refreshing your...

Source: Financialpost April 16, 2024

Corporate 'excess profits' tax? The federal budget could still hold some surprises

Kim Moody: Corporate tax hikes would be step in the wrong direction to help improve Canada's lagging productivityReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made...

Source: Financialpost April 16, 2024

Canadian dollar could 'crater' if Bank of Canada cuts faster and deeper than the Fed, say economists

This year has not been kind to the loonie, and it's about to get worseThe Canadian dollar could be in for a rough ride if the Bank of Canada cuts interest rates sooner and deeper than the Federal Reserve, a scenario that economists suggest is becoming increa...

Source: Financialpost April 15, 2024

Apartment rent growing faster than condo rent as new supply comes online: report

Purpose-built rental apartment rents up 12.7%, while condominium rents up 3.9%The Canadian rental market is showing signs of divergence, with purpose-built rental apartment rents accelerating more quickly than those for condominium units. We apologize...

Source: BNN Bloomberg April 13, 2024

Markets today: U.S. stocks get hit as war jitters fuel rush to bonds

The financial world was roiled by a flare-up in geopolitical risks that sent stocks sliding — while spurring a flight to the safest corners of the market such as bonds and the dollar. Oil rose. Equities saw their worst day since January after a news report...

Source: BNN Bloomberg April 13, 2024

The Week Ahead: Canadian federal budget, Netflix earnings

Monday, April 15 8:15 a.m.: Housing starts for Canada (March)   8:30 a.m.: Manufacturing sales and orders for Canada (February) Wholesale trade (February) U.S. retail sales (March) Earnings: EQB Inc., M&T Bank, Charles Schwab, Goldman Sachs...

Source: BNN Bloomberg April 13, 2024

Boeing shares on longest losing streak since 2018

The turmoil at Boeing Co. has put the planemaker’s shares on their worst run since its 737 Max aircraft was involved in a deadly crash off Indonesia five years ago.  The recent troubles started early this year after a panel covering an unused door blew out...

Source: Financialpost April 13, 2024

What 30-year amortizations mean for mortgage consumers

Launches Aug. 1 for default-insured first-time buyers purchasing newly built homesDespite Wednesday’s jump in U.S. inflation, the Bank of Canada meeting and Canada’s 14-basis point eruption in 5-year bond yields, our leading mortgage rates are still flat ver...

Source: Financialpost April 13, 2024

How U.S. inflation's 'bumpy ride' could threaten Canadian mortgage rates

Robert McLister: Spike in bond yields a reminder that Canada does not control its own destiny on ratesLast December, Bank of Canada governor Tiff Macklem suggested we’d ride an economic rollercoaster on the way back to two per cent inflation. “We can’t rule...