Daily News

Source: Financialpost September 01, 2023

Taxpayer finds himself on wrong side of CRA when claiming employee expenses

Jamie Golombek: Changes to how travel allowance was calculated and paid trip up B.C. boilermaker Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made thr...

Source: Financialpost September 01, 2023

Posthaste: Economists read the tea leaves of Bank of Canada's July rate hike to decipher its next move

Central bank releases its next decision on Sept. 6 We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Economists read the tea leaves...

Source: Financialpost September 01, 2023

'I feel like crying': Metro workers accept deal to end month-long strike

Ratify second offer after rejecting initial union-recommended deal in July Get the latest from Jake Edmiston straight to your inbox Sign Up Grocery workers on strike from more than two dozen Metro Inc. supermarkets in the Toronto area...

Economy Source: Financialpost September 01, 2023

Falling job vacancies could ease pressure on Bank of Canada

Canada’s job market is showing more signs of softening, giving the central bank leeway to hold rates steady next week Canada’s job market is showing more signs of softening, giving the Bank of Canada some leeway to hold interest rates steady ne...

Source: BNN Bloomberg August 31, 2023

U.S. stocks up again in 'bad news is good news' world

Stocks rose for a fourth straight day as another batch of economic reports pointed to moderation, cementing bets the Federal Reserve is approaching the end of its interest-rate hikes. The S&P 500 topped 4,500. Apple Inc. led gains in megacaps, while region...

Source: BNN Bloomberg August 31, 2023

'Pretty large miss' at National Bank, analyst says

An underwhelming earnings season for Canadian banks continued Wednesday as the National Bank of Canada missed analyst expectations with third-quarter results that saw loan loss provisions rise and capital markets activity slow. The National Bank of Canada...

Market Call Source: BNN Bloomberg August 31, 2023

James Telfser's Top Picks: August 30, 2023

James Telfser, managing partner and portfolio manager, Aventine Investment Counsel FOCUS: North American stocks  MARKET OUTLOOK: Despite the uncertainty, and central banks raising rates, the S&P 500 is off to its best start to a year since 1997, wh...

Source: BNN Bloomberg August 31, 2023

RBC upgrades Heineken less than 12 hours after cutting to sell

An analyst at RBC Capital Markets took the unusual step of reversing a call on the shares of Heineken NV in a span of less than 12 hours on Wednesday, first downgrading the stock and then raising it back to the original level. Just before 1 a.m. New York t...

Source: BNN Bloomberg August 31, 2023

'As bad as I feared': Actor Ben McKenzie warns of crypto investments

Actor Ben McKenzie, best known for his roles in “The O.C.” and “Gotham,” is warning about the risks in crypto investments after spending two years investigating the industry.  McKenzie, who has a degree in economics and recently co-authored the book “Easy...

Source: BNN Bloomberg August 31, 2023

TSX recap: Index ticks higher on energy, tech and metals

Strength in energy, technology and battery metals stocks helped Canada's main stock index tick higher Wednesday, while U.S. stock markets also rose.  The S&P/TSX Composite Index closed up 39.91 points, or 0.20 per cent, at 20,330.32. In New York, the Do...