Daily News

Source: Financialpost October 09, 2023

How interest rates will drive Canada's housing market in coming months

'The only thing that matters right now are interest rates' Lower interest rates might be the only thing that could revive Canada’s housing market as supply outpaces demand in the country’s largest real estate markets, experts say....

Source: Financialpost October 08, 2023

Only lower interest rates can revive Canada's housing market, experts say

Watch: Realtors John Pasalis and Steve Saretsky discuss the latest housing figures in Toronto and Vancouver Financial Post’s Larysa Harapyn talks to John Pasalis, president, Realosophy Realty and to Steve Saretsky, Vancouver realtor, Oakwyn Rea...

Source: Financialpost October 08, 2023

Brookfield Property risks being cut to junk on 'substantial' amounts of maturing debt

Squeezed by higher interest rates and lower property values S&P Global Ratings said it is considering cutting Brookfield Property Partners to junk status because the commercial property company has “substantial” amounts of maturing debt to refi...

Source: BNN Bloomberg October 07, 2023

What the global bond sell-off means for Canadians

The global sell-off in bonds is a sign of acceptance that higher interest rates will be around for longer, experts say, noting that the shift holds implications for borrowing rates and mortgage holders. Here’s what Canadians should know: WHAT IS HAPPENI...

Market Call Source: BNN Bloomberg October 07, 2023

Ryan Bushell's Top Picks: October 6, 2023

Ryan Bushell, president and portfolio manager, Newhaven Asset Management FOCUS: Canadian dividend stocks  MARKET OUTLOOK: As we expected, things turned sour for financial markets as September arrived. No market has been hurt worse than long-term go...

Source: BNN Bloomberg October 07, 2023

Wall Street debates rates as U.S. stocks bounce

U.S. stock benchmarks rebounded after a tense week while the retreat in Treasuries extended as Wall Street debated the odds the Federal Reserve will raise interest rates again this year. The S&P 500 advanced 1.2 per cent Friday with the benchmark snapping...

Source: BNN Bloomberg October 07, 2023

The Week Ahead: home sales data due; FOMC minutes

Monday, Oct. 9 Thanksgiving Day in Canada, markets are closed Columbus Day in the U.S., stock markets are open, bond markets closed Tuesday, Oct. 10 Notable data: Bloomberg Nanos Confidence, U.S. NFIB Small Business Economic Trends Survey (...

Source: Financialpost October 07, 2023

Legal cocaine is coming, this Canadian startup predicts

Safe Supply Streaming Co. is betting on a third-wave of policy changes around hard drugs A startup just listed on the Canadian Securities Exchange with a business model based on a provocative prediction: legal cocaine is coming. Safe Supply S...

Source: Financialpost October 07, 2023

Here are the week's top 3 winners and biggest losers on TSX

It was a sea of red with the energy sector posting the largest drop The S&P/TSX composite index closed up 0.57 per cent on Oct. 6, but that wasn’t enough to pull markets into positive territory for the week. We apologize, b...

Source: Financialpost October 07, 2023

Jack Mintz: Alberta taking half of CPP assets is a reasonable place to start

When you look at how much more the province has put into the Canada Pension Plan than its counterparts, it makes sense I wasn’t going to write again on the Alberta Pension Plan and what has become the controversial LifeWorks report saying Alber...