Daily News

Source: Financialpost February 15, 2023

Tim Hortons parent replaces CEO, acknowledges restaurant profits have slipped amid franchisee revolt

RBI's current chief operating officer Joshua Kobza will take over as CEO on March 1 Tim Hortons‘ parent company replaced its chief executive and acknowledged that its franchisees’ profits have slipped well below pre-pandemic levels, moves that...

Source: BNN Bloomberg February 14, 2023

TSX recap: Index finishes 0.44% higher amid broad-based gains

Broad-based strength helped Canada's main stock index post a small gain Monday, while U.S. stock markets rose by more than one per cent.  The S&P/TSX Composite Index was up 90.11 points, or 0.44 per cent, at 20,702.23. In New York, the Dow Jones Industr...

Source: BNN Bloomberg February 14, 2023

Opportunities in fixed income: Hot picks from Konstantin Boehmer

While fixed income has benefited from the disinflationary process since the end of last year, one portfolio manager said bonds might have climbed “too far, too fast” and there could be a reckoning upon us. Konstantin Boehmer, co-lead of fixed income and po...

Source: BNN Bloomberg February 14, 2023

U.S. stocks close higher as wage survey eases CPI fears

U.S. stocks ended Monday with broad gains after a survey showing Americans have drastically reduced their expectations for household income growth suggested that Tuesday’s consumer price data might not be as bad as once feared.  The S&P 500 added 1.1 per c...

Market Call Source: BNN Bloomberg February 14, 2023

Alex Ruus' Top Picks: February 13, 2023

Alex Ruus, portfolio manager, Arrow Capital Management FOCUS: North American stocks  MARKET OUTLOOK: Look for 2023 to bring us volatile financial markets as a mix of higher interest rates with a varied economic outlook will give mixed signals to ma...

Source: Financialpost February 14, 2023

Half of Ontario insolvencies filed by millennials

Insolvencies are up 15% from last year and a younger generation is leading the way Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on...

Source: Financialpost February 14, 2023

Record 3,000-mile voyage for Canadian gas offers relief for Asia

Believed to be the longest path from a natural gas well to a liquefaction facility in the world A stream of natural gas that’s being unleashed from British Columbia’s vast reservoirs is blazing a record-setting path through global markets, prov...

Source: Financialpost February 14, 2023

Tim Hortons franchisees spar with parent company RBI as rising cost of goods squeezes profits

Chain's restaurant owners say product costs have risen at a faster pace than menu prices Tim Hortons franchisees have to make a choice: they can donate their Justin Bieber-themed merchandise to charity, or they can hand it out to staff, but sel...

Source: Financialpost February 14, 2023

Posthaste: Worried about mortgage rates? Four reasons not to panic about Canada's jobs shocker

Blockbuster data have markets raising rate hike odds — but not so fast 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 February 13, 2023

U.S. military brings down flying object near Canadian border

OTTAWA/WASHINGTON — The U.S. military brought down a flying object over Lake Huron near the U.S.-Canada border, the fourth such interception by American fighters this month, a Michigan congressman said. We apologize, but this...