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Top related persons:
Greg Taylor - 1 Desjardins - 1 Mike Rizvanovic - 1 Rizvanovic - 1 Darcy Briggs - 1 Briggs - 1 Nivedita Balu - 1 Josie Kao - 1
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U.S Canada Bank of Nova Scotia Franklin Templeton Canada Toronto
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TORONTO - 1 Bank - 1 Purpose Investments - 1 Bank of Nova - 1 National Bank of Canada - 1 BoC - 1 RBC - 1 Scotiabank - 1

Search resuls for: "Greg Taylor"


8 mentions found


☆ Bank of Canada's record tightening campaign exposes lenders' mortgage risks
  + stars: | 2023-07-13 | by ( Nivedita Balu | Thomson Reuters | Nivedita Balu Is A Correspondent For Reuters Based In Toronto | ) www.reuters.com   time to read: +4 min
Unlike the U.S., where home buyers can snag a 30-year mortgage, Canadian borrowers must renew their mortgages every five years at the prevailing interest rates. MORTGAGE DELINQUENCIES LOWLatest data released during the quarterly earnings showed mortgage delinquencies for all banks were low. Of the big six banks in Canada, Bank of Nova Scotia (BNS.TO) and National Bank of Canada (NA.TO) do not offer mortgage extensions, meaning the payment owed by the consumer goes up for each hike the BoC announces. Bank of Montreal (BMO.TO), CIBC (CM.TO) and TD Bank (TD.TO) each allow for negative amortization as rates rise. So it is working counter to what the Bank of Canada is trying to accomplish," Briggs added.
Persons: Greg Taylor, Desjardins, Mike Rizvanovic, Rizvanovic, Darcy Briggs, Briggs, Nivedita Balu, Josie Kao, David Gregorio Our Organizations: TORONTO, Bank, Purpose Investments, Bank of Nova, National Bank of Canada, BoC, RBC, Scotiabank, National Bank, Bank of Montreal, CIBC, TD Bank, Desjardins . Royal Bank of Canada, BMO, Franklin Templeton, Bank of Canada, Thomson Locations: U.S, Canada, Bank of Nova Scotia, Franklin Templeton Canada, Toronto
☆ TSX rises for fifth day as Filo Mining gains
  + stars: | 2023-03-30 | by ( Johann M Cherian | ) www.reuters.com   time to read: +2 min
ET (14:11 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was up 55.48 points, or 0.28%, at 19,893.13. Filo Mining Corp (FIL.TO) shares rose 4.8% after CIBC started the coverage of the miner with an "outperform" rating and a target price of C$38. Canadian equities are set to end the first quarter at 3% higher if gains hold. "Things are feeling a lot better than they did a few weeks ago, so people are allocating back to equities heading into quarter end," said Greg Taylor, chief investment officer at Purpose Investments. After a recent spike in investor concerns about a financial meltdown, banks (.GSPTXBA) are set to end the quarter down more than 1%.
☆ Furuhashi the hero again as Celtic beat Rangers 2-1 to win League Cup
  + stars: | 2023-02-26 | by ( ) www.reuters.com   time to read: +1 min
GLASGOW, Feb 26 (Reuters) - Celtic beat rivals Rangers 2-1 at Hampden Park on Sunday to lift a 21st Scottish League Cup title, as Japanese forward Kyogo Furuhashi repeated his heroics from last season's final with a brace. Celtic dominated throughout the contest to claim a third trophy under manager Ange Postecoglou. Furuhashi, who also scored twice in a 2-1 win over Hibernian in last season's final, missed a gilt-edged opportunity to put Celtic ahead in the 42nd minute, sending a header over the bar. Yet he quickly made amends by drifting into the six-yard box and slotting home a Greg Taylor cross two minutes later. Time after time, you're tasked to win at this club," Celtic captain Callum McGregor told the BBC.
☆ Miners, financials drag TSX index to three-week low
  + stars: | 2022-12-12 | by ( Shashwat Chauhan | ) www.reuters.com   time to read: +2 min
[1/2] The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. ET (1524 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was down 25.74 points, or 0.13%, at 19,921.33. The materials sector (.GSPTTMT), which includes miners of precious and base metals, shed 0.7% as gold prices trickled lower. The U.S. central bank is expected to deliver a half-percentage-point rate hike, along with The European Central Bank and the Bank of England, who are expected to raise their lending rates later in the week. Including Monday's trading, the TSX is down 6% year-to-date, outperforming the U.S. benchmark S&P 500 index (.SPX), which has lost more than 17% this year.
☆ TSX pares weekly gain as investors brace for further rate hikes
  + stars: | 2022-12-02 | by ( Fergal Smith | ) www.reuters.com   time to read: +2 min
TORONTO (Reuters) - Canada’s main stock index fell on Friday, including declines for financials and technology, as investors weighed U.S. and Canadian jobs data that could help determine the pace of central bank interest rate hikes. FILE PHOTO: The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren/File PhotoThe Toronto Stock Exchange’s S&P/TSX composite index ended down 39.79 points, or 0.2%, at 20,485.66, after posting on Thursday its highest closing level in nearly six months. U.S. stocks fell, although recovering from their lowest levels, as the November payrolls report fueled expectations the Federal Reserve would maintain its path of interest rate hikes. Canada added 10,100 jobs in November, broadly in line with forecasts, while the jobless rate fell to 5.1%.
☆ TSX falls after better-than-expected domestic jobs data, materials weigh
  + stars: | 2022-12-02 | by ( Johann M Cherian | ) www.reuters.com   time to read: +2 min
Traders see a 75% chance of a 25-basis-point rate hike by the BoC next week, down from 84% before the data was published. The materials sector (.GSPTTMT) fell 1.2% tracking bullion prices that dipped after a strong U.S. jobs data rekindled worries of an aggressive Federal Reserve. This week was a cocktail of economic data iced with mixed bank earnings, as markets enter into the holiday season. The big fear and debate is all about whether the economic data is starting to point to a recession coming in 2023," Taylor added. Reporting by Johann M Cherian in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
☆ TSX falls as commodity stocks weigh
  + stars: | 2022-11-17 | by ( Johann M Cherian | ) www.reuters.com   time to read: +2 min
ET (1522 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was down 130.67 points, or 0.65%, at 19,827.29, extending losses from the previous session. "I think they're still on track for another hike," said Greg Taylor, portfolio manager at Purpose Investments. IRPR#0BOCWATCHAmong stocks, TC Energy (TRP.TO) said that the weather-related issues that prompted it to halt deliveries through its Keystone oil pipeline have been resolved. Restaurant Brands International (QSR.TO) rose 1.3% after it said that its coffee chain brand Tim Hortons had forged a two-year partnership with Alibaba Group's grocery chain. Reporting by Johann M Cherian in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
☆ Cannabis stocks, upbeat Wall St mood lifts TSX
  + stars: | 2022-10-25 | by ( Shashwat Chauhan | ) www.reuters.com   time to read: +1 min
Oct 25 (Reuters) - Canadian stocks rose on Tuesday, echoing an upbeat sentiment on Wall Street as Treasury yields fell, while top cannabis producer Canopy Growth surged on plans to create a holding company to speed up its entry into the United States. read moreThe wider healthcare index (.GSPTTHC), which houses other cannabis stocks, jumped 6.9%. Meanwhile, Wall Street indexes rallied as U.S. bond yields fell on hopes of the Federal Reserve will dial down its ultra-hawkish rhetoric in its fight against inflation. Earnings from megacap companies including Microsoft Corp (MSFT.O), Alphabet Inc (GOOGL.O) and Apple Inc (AAPL.O) could set the tone on Wall Street this week. Among other single stocks, Celestia Inc (CLS.TO) jumped 18.7% after the electronics company reported third-quarter results that beat analysts' estimates.
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