Daily News

Company News Source: BNN Bloomberg March 28, 2024

Alberta pension fund seeks to grow Asia asset exposure to 15%

Alberta Investment Management Corp., one of the largest Canadian institutional investors, is increasing its Asia exposure by tapping into investments including infrastructure.  The company is seeking to grow its Asia portfolio contribution to about 10 to 1...

Market Call Source: BNN Bloomberg March 28, 2024

Andrew Moffs' Top Picks: March 27, 2024

Andrew Moffs, senior vice president and portfolio manager, Vision Capital FOCUS: Real estate stocks  MARKET OUTLOOK: In the wake of a strong and broad rally across the North American publicly-traded real estate securities in the fourth quarter of 2...

Source: Financialpost March 28, 2024

CRA fires 232 people for falsely claiming $2,000-a-month CERB benefit

CRA still has 235 files to investigateReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. OTTAWA — The Canada Revenue Agency has now fire...

Source: Financialpost March 28, 2024

Mohamed El-Erian: We may have just seen a central bank shift that will go down in history

Last week may mark a move away from strict inflation targeting by the world's most influential central banksBy Mohamed El-Erian We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team....

Source: Financialpost March 28, 2024

Opinion: Canadians will ignore the new trust reporting rules. So will the Canada Revenue Agency

The law is an ass, a Dickens character proclaimed. Ottawa's new rules on trusts confirm that. They should be withdrawn and forgottenBy Allan Lanthier We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other...

Economy Source: Financialpost March 28, 2024

How to fix Canada's poor productivity performance

Rosenberg Research: Bank of Canada will have to cut rates harder and faster than it thinks if productivity is not addressedBy Atakan Bakiskan We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos...

Source: BNN Bloomberg March 27, 2024

Markets today: S&P 500 gives up gains in final stretch of trading

Stocks struggled to gain traction after a rally that’s already topped US$4 trillion this year, with Nvidia Corp. leading losses in big tech. Trading was largely driven by rebalancing at the end of a quarter that saw the S&P 500 climbing almost 10 per cent....

Company News Source: BNN Bloomberg March 27, 2024

Trump Media climbs 16% to US$7.9B post-SPAC deal valuation

  Former U.S. president Donald Trump’s social media startup gained 16 per cent in its first trading day as a public company, after the most high-profile blank-check deal in years added billions to his fortune — at least on paper. Shares of Trump Media &...

Source: BNN Bloomberg March 27, 2024

‘Everybody’s pretty bulled up,’ strategist says, with tech no longer at the top

As investors look towards a more bullish stock market, one asset management strategist says that “fundamentals seem to matter again,” with the energy sector continuing to see an upward trend and technology no longer at the top of the leaderboard.  “It’s no...

Source: Financialpost March 27, 2024

Diane Francis: Why our friends Down Under are doing so much better than us

Australia continues to outperform Canada economicallyIn 2022, I wrote a column asking why Canada couldn’t be as smart and successful as Australia. Two years later, by almost any metric, Australia continues to outperform us economically, while maintaining its...