Verizon to report earnings April 22, 2024

The Motley Fool
1 Magnificent Dividend Stock That’s Down 21% and Trading at a Once-in-a-Decade Valuation
This dividend stock is near 52-week highs, but still down from all-time highs, with a highly valuable P/E ratio you won't want to miss. The post 1 Magnificent Dividend Stock That’s Down 21% and Trading at a Once-in-a-Decade Valuation appeared first on The Motley Fool Canada.
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Bitcoin Plunges. Here’s Why and How Far Prices Could Fall.
Bitcoin sells off alongside stocks amid wider market jitters. But now the technical backdrop for cryptos is even weaker.
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Bank of Canada closer to being able to cut rates, Macklem says
OTTAWA (Reuters) -The Bank of Canada is getting closer to being able to start cutting interest rates from their current 23-year highs, Governor Tiff Macklem said on Wednesday. In testimony to the Senate banking committee, Macklem said inflation was coming down and Canadians wanted to know when the central bank would start cutting interest rates. Canada's annual inflation rate was 2.9% in March, a little higher than the previous month.
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Reuters
Canadian dollar rebounds as Fed keeps rate cuts on the table
The Canadian dollar strengthened against its U.S. counterpart on Wednesday, clawing back some of the previous day's sharp decline, as the Federal Reserve's signaling about prospects for interest rate cuts was not as hawkish as some investors had feared. The loonie was trading 0.5% higher at 1.3710 to the U.S. dollar, or 72.94 U.S. cents, after it touched intraday on Tuesday an 11-day low at 1.3784. The currency has been pressured in recent weeks by a wider gap between U.S. and Canadian yields as investors anticipated a delayed start to Fed rate cuts.
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Lululemon Billionaire Pledges Shares to Goldman for Margin Loan
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The Motley Fool
A Dividend Giant I’d Buy Over TC Energy Stock
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2 days ago
The Canadian Press
TD Bank hit with $9.2M penalty after failing to report suspicious transactions
TORONTO — Canada’s financial-crime watchdog has levied a $9.2-million penalty against The Toronto-Dominion Bank for non-compliance with money laundering and terrorist financing measures as the bank also faces compliance investigations in the U.S. The penalty by the Financial Transactions and Reports Analysis Centre of Canada, or Fintrac, comes after it imposed a $7.5-million fine against RBC and a $1.3-million fine against CIBC, both of which were announced in December. Those penalties were also
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Yahoo Finance Canada
Air Canada shares plunge as wider loss, slowing travel demand weigh
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15 minutes ago
The Motley Fool
3 Roaring Stocks to Hold for the Next 20 Years
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Dividend Royalty: 5 Fabulous Stocks to Buy Now for Decades of Passive Income
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The Canadian Press
There's a limit to how much interest rates in Canada and U.S. can diverge: Macklem
Bank of Canada governor Tiff Macklem says Canadian interest rates don't have to match U.S. or global rates, but there is a limit to how much they can diverge. Macklem made the comments while testifying before the House of Commons finance committee today. The governor says Canada is nowhere close to the limit when it comes to how much Canadian and American interest rates can differ. The Bank of Canada is widely expected to begin lowering its policy rate in the coming months, while forecasters exp
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The Canadian Press
Federal Reserve says interest rates will stay at two-decade high until inflation further cools
WASHINGTON (AP) — The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target. The Fed issued its decision in a statement after its latest meeting, at which it kept its key rate at a two-decade high of roughly 5.3%. Several hotter-than-expected reports on prices and economic growth have recently undercut the Fe
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The Motley Fool
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18 hours ago
The Canadian Press
Galen Weston pushes back on 'misguided criticism' of Loblaw as boycott begins
BRAMPTON, Ont. — Loblaw chairman Galen Weston, as well as the company's new chief executive, pushed back on what they called “misguided criticism” of the grocer as a boycott againstthe company gains steam online. “As a well-known company and Canada's largest grocer, it is natural that Loblaw would be singled out as a focal point for media and government and of course consumer frustrations,” said Weston at the grocer's annual meeting on Thursday. He said though shareholders “may be troubled by th
13 minutes ago
The Canadian Press
Air Canada pins hopes on business travellers after profits fall
MONTREAL — Canadian airlines have enjoyed a two-year boom amid consumer hunger for post-pandemic travel. But as that pent-up demand recedes, the country's largest carrier hopes to ramp up ticket sales to corporate customers instead. Until recently, the travel surge that followed COVID-19 restrictions failed to reach the business world, where pandemic habits of video conferencing and remote work proved tough to shake. But Air Canada, which reported a first-quarter earnings loss on Thursday, perce
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Financial Post
Tiff Macklem defends Bank of Canada's two per cent inflation target
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18 hours ago
Bloomberg
Jerome Powell offered markets a reprieve. It vanished in a blink.
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19 hours ago
Reuters
Trump raises stake in his media firm to nearly 65%
The former U.S. president and Republican presidential candidate secured 36 million shares of Trump Media & Technology Group (TMTG), increasing his stake from 57.6% as of March. Reuters reported last week that Trump would secure a stock bonus worth $1.3 billion from TMTG, equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares. The bonus also reflects the exuberant trading in TMTG's shares, which have been on a roller coaster ride since the company listed on Nasdaq last month through a merger with a special purpose acquisition company (SPAC) and was snapped up by Trump supporters and speculators.
2 days ago

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STOCKS CLIMB AS RATE-HIKE FEARS FADE, WITH APPLE ON DECK

Verizon to report earnings April 22, 2024

Latest Stories

1 Magnificent Dividend Stock That’s Down 21% and Trading at a Once-in-a-Decade Valuation

Bitcoin Plunges. Here’s Why and How Far Prices Could Fall.

Bank of Canada closer to being able to cut rates, Macklem says

Canadian dollar rebounds as Fed keeps rate cuts on the table

Lululemon Billionaire Pledges Shares to Goldman for Margin Loan

Suze Orman Says This Is the Only Way To Be Investing in the Stock Market

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Air Canada shares plunge as wider loss, slowing travel demand weigh

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There's a limit to how much interest rates in Canada and U.S. can diverge: Macklem

Bitcoin Slump Triggers Warning of ‘Trouble Ahead’ for Global Markets

Federal Reserve says interest rates will stay at two-decade high until inflation further cools

3 No-Brainer Copper Stocks to Buy With $200 Right Now

Galen Weston pushes back on 'misguided criticism' of Loblaw as boycott begins

Air Canada pins hopes on business travellers after profits fall

Tiff Macklem defends Bank of Canada's two per cent inflation target

Jerome Powell offered markets a reprieve. It vanished in a blink.

Trump raises stake in his media firm to nearly 65%