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Source: Financialpost May 10, 2024

Bank of Canada warns nation's renters showing signs of financial strain

Share of borrowers with credit card balance at 80% and higher continues to climb Get the latest from Barbara Shecter straight to your inbox Sign Up The Bank of Canada is raising concerns about the impact of higher interest rates on renters while ackno...

Source: BNN Bloomberg May 09, 2024

Markets today: S&P 500 'bumps into a Wall' after blistering rally

Wall Street’s enthusiasm for stocks faded as many traders were reluctant to keep piling in after a solid rally in early May. The S&P 500 closed little changed, remaining below the 5,200 mark that it briefly touched this week. Tesla Inc. and Google’s parent...

Market Call Source: BNN Bloomberg May 09, 2024

Alexander MacDonald's Top Picks: May 8, 2024

Alexander MacDonald, portfolio manager, GlobeInvest Capital Management FOCUS: North American large-cap stocks  MARKET OUTLOOK: First quarter earnings season in the U.S. is drawing to a close, and it has been one of the strongest reporting periods i...

Source: Bankofcanada May 09, 2024

Release of the Financial Stability Report

Good morning. I am pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss the Bank of Canada’s Financial Stability Report (FSR). Part...

Source: Financialpost May 09, 2024

Immigrants recruited to boost Trudeau's homebuilding plan

Admissions of permanent residents with trade skills rose 29% from the average quarterly rate in 2023Canada is on track to add more newcomers with construction skills than in recent years, an early sign that a targeted immigration program is working, though s...

Source: Financialpost May 09, 2024

The self-funding house: A one-stop solution to affordability for owners and renters

New homes should be built to accommodate multiple families — not just oneBy Murtaza Haider and Stephen Moranis We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. The self-fund...

Source: Financialpost May 09, 2024

Suncor aims to gain 'unique' advantage from Trans Mountain pipeline

Negotiate directly with customers as it targets new markets Get the latest from Naimul Karim straight to your inbox Sign Up Suncor Energy Inc. says it will be banking on its trading platform to remove middlemen and directly negotiate with new customer...

Source: Financialpost May 09, 2024

Posthaste: This 'important driver' of the Canadian dollar is broken, economist says

The loonie appears to be a 'petro-currency' no longer We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: This 'important driver' of the Canadian dollar is broken, ec...

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...