Daily News

Source: Bankofcanada October 13, 2023

Bank of Canada designates additional prominent payment systems

Bank of Canada Governor Tiff Macklem has designated Visa Inc.’s VisaNet, Mastercard International Inc.’s Global Clearing Management System and Single Message System,...

Source: Financialpost October 13, 2023

Royal Lepage cuts Canada's home price forecast as market softens

Resurgence in real estate seen returning once interest rates begin to ease Real estate firm Royal Lepage is lowering its end-of-year home price forecast after housing markets softened in a sluggish third quarter. We apologi...

Source: Financialpost October 13, 2023

Posthaste: Canada's finances on 'precarious path' as economy slows

Bleaker outlook doesn't bode well for the federal government, says economist Forecasts are being cut as Canada’s economy groans under the weight of higher-for-longer interest rates. With third-quarter GDP expected to miss what the B...

Source: Financialpost October 13, 2023

You've got mail: Taxpayer claims he didn't get CRA notices, but court calls allegation 'strange'

Jamie Golombek: CRA assumes you receive its correspondence unless you can prove otherwise, as one taxpayer — a mail carrier — found out Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affil...

Market Call Source: BNN Bloomberg October 12, 2023

Michael Sprung's Top Picks: October 11, 2023

Michael Sprung, president, Sprung Investment Management FOCUS: Canadian large cap stocks  MARKET OUTLOOK: Rising yields are having a negative impact on capital markets as future cash flows get discounted at higher hurdle rates. International geopol...

Company News Source: BNN Bloomberg October 12, 2023

Birkenstock’s strong brand can withstand disappointing IPO: analyst

It was a disappointing initial public offering (IPO) day on Wall Street for Birkenstock, but a retail analyst says the brand is still well-positioned in the footwear category. Shares of the shoemaker opened 11 per cent lower than its initial offer price on...

Market Call Source: BNN Bloomberg October 12, 2023

Keith Richards' Top Picks: October 10, 2023

Keith Richards, president and chief portfolio manager, ValueTrend Wealth Management FOCUS: Technical analysis  MARKET OUTLOOK: Last month on BNN Bloomberg, I noted that we were bearish and holding nearly 30 per cent cash in our equity models. We di...

Source: BNN Bloomberg October 12, 2023

Wall Street brushes off hot PPI as U.S. stocks advance

Stocks extended their rebound from oversold levels as traders shrugged off a hotter-than-estimated inflation reading to focus on less hawkish comments from Federal Reserve speakers. Oil fell after an early-week surge. The S&P 500 rose for a fourth straight...

Source: BNN Bloomberg October 12, 2023

TSX recap: Index climbs 0.83% on utilities, telecom stocks

Strength in the utilities, telecommunications and financial sectors helped lift Canada's main stock index higher Wednesday, while U.S. stock markets also rose.  The S&P/TSX Composite Index closed up 162.64 points, or 0.83 per cent, at 19,663.84. In New...

Source: Financialpost October 12, 2023

Air Canada union seeks to close wage gap with U.S. pilots

Charlene Hudy, ALPA's Air Canada chair, talks about negotiations, previous bargaining talks and what pilots are hoping to achieve Air Canada pilots started bargaining talks in June amid a global pilot shortage that’s given aviators all over Nor...