Daily News

Source: BNN Bloomberg June 13, 2024

Markets today: U.S. stock bull run breaks record on Fed decision day

Stocks hit fresh all-time highs as the Federal Reserve did little to alter Wall Street’s bets that interest rates will drop at least twice in 2024 — even after the central bank’s more conservative outlook. The S&P 500 topped 5,400 for the first time, with...

Company News Source: BNN Bloomberg June 13, 2024

ADW Capital Management calls for strategic review at GFL Environmental

ADW Capital Management LLC has sent a letter to the board and management of GFL Environmental Inc. calling on the company to undertake a strategic review process. The U.S. investment manager says the waste management company should look to sell its environ...

Source: BNN Bloomberg June 13, 2024

Corus shares may be worthless after Rogers television raid, TD says

Shares of Canadian media company Corus Entertainment Inc. may be worth zero if Rogers Communications Inc. is successful in snatching away programming and trademark deals for channels owned by Warner Bros Discovery Inc., according to analysts at TD Cowen. C...

Market Call Source: BNN Bloomberg June 13, 2024

Stephen Takacsy's Top Picks: June 12, 2024

Stephen Takacsy, president, CEO & CIO, Lester Asset Management FOCUS: Canadian stocks  MARKET OUTLOOK: We continue to see a positive environment for both stocks and bonds in 2024. We always believed inflation was transitory and that inflation would...

Source: BNN Bloomberg June 13, 2024

National Bank deal at 'hefty premium' to test investor patience

National Bank of Canada’s deal to acquire a smaller rival in western Canada makes strategic sense, analysts said, but the transaction may take years to deliver on its promised benefits for shareholders. Shares of the Montreal-based lender fell almost 6 per...

Source: Financialpost June 13, 2024

National Bank's bid to buy Canadian Western signals more consolidations in banking sector

Larger banks will try to gain more control and tackle any headwinds they might face in the near term, analysts say Get the latest from Naimul Karim straight to your inbox Sign Up National Bank of Canada’s bid to buy Canadian Western Bank is yet anothe...

Source: Financialpost June 13, 2024

Bank of Canada needs to rebuild public trust after inflation: Tiff Macklem

Governor says recent bout of inflation has made people feel cheated and angryMONTREAL — Public trust in the Bank of Canada has been dented by post-pandemic inflation, and it needs to be rebuilt, said governor Tiff Macklem. We apologize, but this video ha...

Source: Financialpost June 13, 2024

5 ways to prepare your portfolio for more rate cuts

Investors can still look to tilt their portfolio in certain ways to position themselves for possible longer-term gainsAfter much angst over inflation, the weaker economy in this country finally prompted the Bank of Canada to cut its interest rate by 0.25 per...

Source: Financialpost June 13, 2024

Opinion: Bank of Canada rate cuts won’t necessarily reduce mortgage costs

Mortgage rates move with bond rates and they're already 'inverted' — lower than short rates, which isn't normal and likely won't lastBy Don Drummond We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other vid...

Source: Financialpost June 13, 2024

Posthaste: How much are variable-rate mortgage holders saving after the rate cut?

The average yearly savings in Toronto and Vancouver amounts to $1,860 and $1,994, respectively We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: How much are variable-...