John Macfarlane

2 days ago | ca.finance.yahoo.com | John Macfarlane

Analysts at RBC substantially boosted their price target for Air Canada (AC.TO) late on Sunday, raising their rating to “Sector Outperform,” pointing to first-quarter results that showcased the strength of the airline’s network as travellers shied away from U.S. destinations. In a note to investors, analyst James McGarragle increased AC’s target to $25 from $16 on the Toronto Stock Exchange (TSX), joining a generally bullish crowd that sees the stock as currently undervalued.

3 days ago | ca.finance.yahoo.com | John Macfarlane

Canadians who had considered a cottage or cabin purchase are increasingly sitting on the sidelines, victims of the same economic conditions that have held back the broader housing market, a new report from ReMax Canada says.

5 days ago | ca.finance.yahoo.com | John Macfarlane

As exchange-traded funds (ETFs) have claimed more of the overall Canadian market from mutual funds in recent years, their popularity among mutual fund managers has also grown, new research from CIBC Capital Markets shows. At the end of 2024, mutual funds held more than 20 per cent of Canadian ETFs by value, the report from analyst Ian de Verteuil says. In other words, ETFs make up around $130 billion, or 4.6 per cent, of the $2.2 trillion total assets under management in Canadian mutual funds.

5 days ago | ca.finance.yahoo.com | John Macfarlane

Canada’s labour market showed strain from the U.S. trade war in April, with the unemployment rate rising unexpectedly to 6.9 per cent as manufacturing jobs declined, according to Statistics Canada data released on Friday. Overall employment was essentially flat, with 7,400 net jobs added for the month — a number held in positive territory due to temporary hiring for the federal election. The weak job figures make a Bank of Canada (BoC) interest rate cut in June more likely, economists say.

6 days ago | ca.finance.yahoo.com | John Macfarlane

Canada’s labour market was nearly flat in April, adding a net 7,400 jobs in April, while the unemployment rate unexpectedly increased to 6.9 per cent, according to Statistics Canada data released on Friday. Economists had expected a job gain of 25,000 and for the unemployment rate to hold at 6.7 per cent, according to consensus estimates published by CIBC Economics.