Daily News

Source: Financialpost May 09, 2024

Soon-to-retire couple needs $185,000 a year to meet their desired lifestyle

Expert believes the couple can retire this year, but only if they maintain their existing spendingReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links o...

Source: BNN Bloomberg May 08, 2024

Markets today: U.S. stock rally wavers as S&P 500 briefly tops 5,200

The rally that has powered stocks in May struggled gain much traction on Tuesday, with investors split on whether the market can sustain the advance given all the economic crosscurrents. Equities are set for a consolidation amid stretched positioning, acco...

Company News Source: BNN Bloomberg May 08, 2024

'Take advantage of this pullback,' analyst says after Disney stock price drop

After Walt Disney Co. reported fiscal second-quarter profit that surpassed estimates Tuesday morning, one senior analyst says the company is facing constructive improvements that can clear the way for “long-term earning power.”  During an interview with BN...

Commodities Source: BNN Bloomberg May 08, 2024

Oil prices have shed previous 'geopolitical risk premium': Nuttall

A Canadian portfolio manager bullish on the energy sector says oil prices are hovering at around two-month lows thanks to the removal of price premiums related to geopolitical risks, which he says is good news for investors. “What we've had is the removal...

Market Call Source: BNN Bloomberg May 08, 2024

Lorne Steinberg's Top Picks: May 7, 2024

Lorne Steinberg, president of Lorne Steinberg Wealth Management FOCUS: Global value stocks and high-yield bonds  MARKET OUTLOOK: At present, market volatility is being driven mainly by investor sentiment regarding interest rate cuts. We are in a “b...

Company News Source: BNN Bloomberg May 08, 2024

Suncor earns $1.6B in first quarter, breaks all-time oilsands production record

Suncor Energy Inc. says it earned $1.61 billion in the first three months of 2024, down from $2.05 billion a year earlier. The Calgary-based energy giant says its first-quarter earnings amount to $1.25 per common share, compared with $1.54 in the first qua...

Source: Financialpost May 08, 2024

Bad government policy on capital gains leads to more distrust, more departures

Kim Moody: Ottawa needs to drop its poorly thought-out capital gains inclusion rate increase or entrepreneurs and investors will take their money elsewhereReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an...

Source: Financialpost May 08, 2024

Posthaste: Canadian dollar 'caught in the crosshairs' could slip below 70 cents

Loonie under pressure as U.S. dollar soars and Bank of Canada looks set to cut rates, says TD We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canadian dollar 'cau...

Source: Financialpost May 08, 2024

David Rosenberg: Tanking economy, productivity mean Bank of Canada should cut rates with or without the Fed

Canada can cope with a weaker dollar; in fact the country needs itWe find it rather incredible that the Bank of Canada is so nonchalant when it comes to the state of the Canadian economy. The degree of excess capacity is expanding by the month, inflation has...

Source: BNN Bloomberg May 07, 2024

Markets today: S&P 500 extends gains in final minutes of trading

Stocks saw their best three-day rally since November, fueled by speculation the Federal Reserve will be able to cut interest rates this year. The S&P 500 rose 1 per cent after topping its average price of the past 50 days — a level seen by many chartists a...