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Source: Financialpost May 13, 2023

Crypto platform Binance quits Canada after provinces join together to tighten rules

Digital assets industry in regulators' sights in wake of FTX meltdown Get the latest from Barbara Shecter straight to your inbox Sign Up Binance, the world’s largest cryptocurrency exchange, said it is pulling out of Canada after the...

Source: BNN Bloomberg May 12, 2023

TSX today: Index closes down due to losses in energy, metals

Canada's main stock index was down more than 80 points Thursday, led by losses in energy and metals, while U.S. markets were mixed. The S&P/TSX Composite Index was down 80.91 points, or 0.39 per cent, at 20,418.40. In New York, the Dow Jones Industrial...

Market Call Source: BNN Bloomberg May 12, 2023

Paul Harris' Top Picks: May 11, 2023

Paul Harris, partner and portfolio manager, Harris Douglas Asset Management FOCUS: North American and global large cap MARKET OUTLOOK: Nothing much seems to be affecting this market — not an inflation shock, not an interest rate shock, not a war sh...

Source: BNN Bloomberg May 12, 2023

U.S. traders embrace bonds as recession angst builds

U.S. stocks ended the day mixed while a Treasuries rally eased in afternoon trading after data signaled a slowdown in the jobs market amid renewed concerns about the health of regional lenders. The S&P 500 slid 0.2 per cent on Thursday after jobs and infla...

Source: BNN Bloomberg May 12, 2023

Cathie Wood-linked ETF firm is shut down by Canada regulator

Ontario’s securities watchdog suspended the registration of Emerge Canada Inc., an investment firm known for selling Toronto-listed versions of Cathie Wood’s popular exchange-traded funds.   The Ontario Securities Commission said the firm has failed to com...

Source: Bankofcanada May 12, 2023

Rhys Mendes appointed as Deputy Governor of the Bank of Canada

The Board of Directors of the Bank of Canada today announced the appointment of Rhys R. Mendes as Deputy Governor, effective July 17, 2023. As Deputy Governor, Mr....

Source: Financialpost May 12, 2023

The high cost of playing it safe when retired with teenage kids

Couple needs to cut back on insurance and switch out of segregated funds Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page....

Source: Financialpost May 12, 2023

How changes to Canada Pension Plan benefits affect your wallet today and retirement tomorrow

Jamie Golombek: CPP contributions will continue to climb over the next couple of years to support program enhancements Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission f...

Source: BNN Bloomberg May 11, 2023

U.S. Treasuries advance after CPI; stocks edge higher

U.S. stocks posted modest gains in a listless session, while Treasuries rose after a report showed inflation moderated slightly in April and swaps traders upped bets the Federal Reserve will cut rates this year. The S&P 500 wavered between gains and losses...

Source: BNN Bloomberg May 11, 2023

TSX recap: Energy, metals drive loss

Canada's main stock index moved lower Wednesday, weighed down by losses in energy and metals, while U.S. markets were mixed. The S&P/TSX Composite Index was down 86.42 points, or 0.42 per cent, at 20,499.31. In New York, the Dow Jones Industrial Average...