The wave of spending on artificial intelligence could spark a 15% rally for tech stocks, Wedbush said. Analysts predicted that tech firms could shell out as much as $800 billion for AI ventures. “We view this as a ‘1995 Internet Moment’ … NOT a 1999 Dot.Bubble Moment,” the firm said in a note. Loading Something… Continue reading The AI gold rush could spark a 15% rally in tech stocks through the rest of the year as firms shell out $800 billion in the arms race, Wedbush says
AI stocks could prove unprofitable in the future as money has already been made on them in the current rally, 40-year market veteran Jim Bianco says
It’s possible investors won’t make any money on AI stocks in the future, according to Wall Street expert Jim Bianco. “The money has already been made in the hope for what AI is going to be,” Bianco told Fox Business. On a separate note, he added Americans are likely seeing this year’s lows in inflation… Continue reading AI stocks could prove unprofitable in the future as money has already been made on them in the current rally, 40-year market veteran Jim Bianco says
Posthaste: Think gas prices are done fuelling inflation and interest rate hikes? Think again
Economist says prices at the pumps still 40% higher than pre-pandemic and are spilling over into other parts of economy Published Jun 23, 2023 • Last updated 1 day ago • 4 minute read Elevated gasoline prices is one reason trucking freight costs remain 25 per cent higher than before the pandemic. Photo by Olivier Douliery/AFP… Continue reading Posthaste: Think gas prices are done fuelling inflation and interest rate hikes? Think again
TSX payouts hit record vs. U.S., on ‘ratcheted up dividends’ and ‘buyback craze’: CIBC
Commodity prices spur surge Author of the article: Bloomberg News Geoffrey Morgan Published Jun 23, 2023 • Last updated 1 day ago • 2 minute read A sign board displaying Toronto Stock Exchange (TSX) stock information in Toronto. Photo by Mark Blinch/Reuters The S&P/TSX Composite Index is offering the biggest payout ever relative to the S&P… Continue reading TSX payouts hit record vs. U.S., on ‘ratcheted up dividends’ and ‘buyback craze’: CIBC
Dip in inflation may not be enough to stop Bank of Canada from raising rates next month
Forecasters expect Bank of Canada to move ahead with another interest rate hike in July Author of the article: The Canadian Press Nojoud Al Mallees Published Jun 23, 2023 • Last updated 1 day ago • 3 minute read The Bank of Canada in Ottawa. Photo by Justin Tang/Bloomberg OTTAWA — Forecasters are expecting the Bank… Continue reading Dip in inflation may not be enough to stop Bank of Canada from raising rates next month
Bank of Canada expected to raise interest rates one more time, capping at 5%
Economists predict another 25 basis point hike as early as July before increases stop completely Author of the article: Bloomberg News Erik Hertzberg and Sarina Yoo Published Jun 23, 2023 • Last updated 2 days ago • 2 minute read Tiff Macklem, governor of the Bank of Canada, speaks during an event at the Toronto Region… Continue reading Bank of Canada expected to raise interest rates one more time, capping at 5%
3 Canadian cities ranked among world’s top 10 most livable places
Vancouver, Calgary and Toronto made top 10 Published Jun 22, 2023 • Last updated 2 days ago • 3 minute read Pedestrians and runners at the seawall in Yaletown on a sunny day in Vancouver. Photo by Richard Lam/PNG files Three Canadian cities have made a list of the world’s top 10 most livable, though two… Continue reading 3 Canadian cities ranked among world’s top 10 most livable places
Rattled housing market prompts reversal on 2023 forecasts with home prices and rents now expected to fall
Realtor.com has re-examined its prior housing predictions, and now expects a dip in prices and rents. But downgrading the 2023 outlook does not signal a major wave of relief. “Home costs are still going to be higher for buyers in 2023 because home price declines are very mild and not universal.” Loading Something is loading.… Continue reading Rattled housing market prompts reversal on 2023 forecasts with home prices and rents now expected to fall
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