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Stock impact report

Why Bausch Health Companies (BHC) is One of the Best Canadian Stocks to Buy Under $10? [Yahoo! Finance]

Bausch Health Companies Inc. (BHC) 
Last bausch health companies inc. earnings: 2/19 06:59 am Check Earnings Report
Company Research Source: Yahoo! Finance
The Canadian stock market had a positive third quarter, following a sluggish start earlier in 2024. The market was driven by domestic rate cuts and rebounding global markets. The BMO S&P 500 Index ETF, iShares Core S&P/TSX Capped Composite Index ETF, and iShares S&P/TSX 60 Index ET have surged over 33%, 20%, and 22% year-to-date, as of November 27. If we talk about year-over-year headline inflation, it has cooled as per the Bank of Canada's target rate of 2%. Hence, policymakers have cut rates four times consecutively and another 50 basis points cut is expected in December. The Bank of Canada's benchmark lending rate stands at 3.75%, while economists are projecting a terminal interest rate of as low as 2%. The managing director and head of macro strategy at Desjardins Group pointed out that the GST tax break from December 14 to February 15, 2025, will have a high fiscal multiplier, adding a noticeable boost to growth in the first half of 2025. The tax break is to increase consume Show less Read more
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