RBC top analyst sees comeback

RBC top analyst sees comeback

Investors who are “apathetic” or negative toward banks will change their stance in the year’s second half, according to RBC Capital Markets’ top banking analyst. Gerard Cassidy predicts bullishness will make a comeback due to strong revenue growth and optimism surrounding credit. “You can really see people coming back to [bank] the stocks. They’re under-owned,” … Read more

Rising interest rates have brought back the 5 per cent GIC

Rising interest rates have brought back the 5 per cent GIC

We’ve hit a milestone in conservative investing – a 5 per cent return from guaranteed investment certificates. Oaken Financial, an online player in financials services, says it will offer 5 per cent for a five-year term starting Friday. The new rate for the one-year term seems a milestone as well: 4.05 per cent. Rising interest … Read more

Kevin O’Leary says he won’t be buying bonds for now

Kevin O’Leary says he won’t be buying bonds for now

Investors are “going to get hurt” if they’re in long duration bonds right now, says venture capitalist Kevin O’Leary. His comments come hours after the Federal Reserve raised interest rates by 75 basis points — the central bank’s most aggressive hike since 1994. “I wouldn’t be buying bonds here,” O’Leary, who is chairman at O’Leary … Read more

5 things to know before the stock market opens Monday, June 13

5 things to know before the stock market opens Monday, June 13

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures plunge, with S&P 500 poised to fall back into a bear market Traders work on the floor of the New York Stock Exchange (NYSE) on June 10, 2022 in New York City. Spencer Platt | Getty … Read more

5 things to know before the stock market opens Friday, June 10

5 things to know before the stock market opens Friday, June 10

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street turns decisively lower after another hot inflation report Traders work on the floor of the New York Stock Exchange NYSE US stock futures turned sharply lower after Friday’s before-the-bell inflation report showed a bigger-than-expected increase. … Read more

Recession fears are growing. Here’s how younger Canadians can prepare – National

Recession fears are growing.  Here’s how younger Canadians can prepare – National

Experts say younger Canadians can prepare for a possible recession by assessing their financial capabilities and limitations. Amid soaring inflation and the Bank of Canada increasing interest rates more aggressively relative to past tightening cycles, concerns about a possible recession are growing. A lackluster stock market is adding fuel to the fire, as market declines … Read more

5 things to know before the stock market opens Thursday

5 things to know before the stock market opens Thursday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures essentially flat following Wednesday’s declines Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, June 3, 2022. Brendan McDermid | Reuters US stock futures were essentially flat Thursday, as … Read more

5 things to know before the stock market opens Friday, May 6

5 things to know before the stock market opens Friday, May 6

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures drop after worst day for Dow, Nasdaq since 2020 A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York, May 5, 2022. andrew kelly | Reuters US stock futures … Read more

Bank of England hikes interest rates in bid to fight soaring inflation

Bank of England hikes interest rates in bid to fight soaring inflation

BOE Governor Andrew Bailey has warned the Bank is walking a “narrow path” between growth and inflation. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England on Thursday raised interest rates to their highest level in 13 years in a bid to tackle soaring inflation. In a widely expected move, policymakers at … Read more

Toronto-area home sales plunge as higher interest rates cool market

Toronto-area home sales plunge as higher interest rates cool market

Higher interest rates have taken a bite out of the Toronto area’s seemingly insatiable appetite for real estate, with sales and home prices continuing to soften in April. Prices were still climbing on a yearly basis last month — up 15 per cent over April 2021, according to the Toronto Regional Real Estate Board (TRREB) … Read more