Daily News

Source: Financialpost June 28, 2024

CRA, courts clamp down on siblings who spent company funds on personal travel

Disallow nearly $500,000 in write-offs put through family's Ontario dairy businessReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. One...

Source: Financialpost June 28, 2024

Fixed rates drop again; three-year mortgages remain biggest crowd-pleaser

For those not requiring short-term financing, one- and two-year mortgages are still too expensiveFixed mortgage rates slid again this week. The lowest nationally advertised uninsured two-year and five-year fixed rates dipped 11 and 10 basis points, respectiv...

Source: BNN Bloomberg June 27, 2024

Canada's largest pension fund is souring on emerging markets

Canada Pension Plan Investment Board, one of the largest investment firms globally, is seeing fewer opportunities to put money to work in emerging markets. “Our emerging markets investments have evolved over time,” CPPIB Chief Executive Officer John Graham...

Market Call Source: BNN Bloomberg June 27, 2024

Robert Gill's Top Picks: June 26, 2024

Robert Gill, senior vice-president and portfolio manager at Goodreid Investment Counsel FOCUS: Canadian equities  MARKET OUTLOOK: Markets are very volatile right now, and this is not surprising with so much going on in the world. The biggest disrup...

Source: BNN Bloomberg June 27, 2024

Micron falls after forecast fails to meet lofty expectations

Micron Technology Inc., the largest U.S. maker of computer memory chips, declined in late trading after its forecast failed to meet the sky-high expectations of some investors.  Fiscal fourth-quarter sales will be US$7.4 billion to $7.8 billion, the compan...

Source: BNN Bloomberg June 27, 2024

Markets today: S&P 500 rebounds with Nvidia shares turning higher

Stocks edged up in the final stretch of Wall Street trading, with a small group high-flying technology shares leading the way. A renewed bout of volatility hit Nvidia Corp., which rebounded a few minutes before the US close. The poster child of the artific...

Source: BNN Bloomberg June 27, 2024

BlackBerry reports US$42-million net loss in Q1 as revenue also drops

BlackBerry Ltd. says it incurred a US$42-million net loss in its most recent quarter as its revenue also fell significantly from a year ago. The Waterloo, Ont.-based technology company says the first-quarter results were a drop from a year earlier, when Bl...

Source: Financialpost June 27, 2024

Picking battery plants to solve Canada's productivity crisis 'dangerous road,' report says

Better approach would be to cut taxes and let markets find the right solutions, says Conference Board of Canada Get the latest from Naimul Karim straight to your inbox Sign Up Canada’s decision to provide billions of dollars’ worth of incentives to co...

Source: Financialpost June 27, 2024

TD Bank says deep rate cuts will provide 'big tailwind' to Canada's economy

Debt-laden Canadian consumers more sensitive to interest rates, economist saysThe Bank of Canada’s decision to begin cutting interest rates ahead of the United States Federal Reserve will ultimately lead to a “big tailwind” for the Canadian economy, Toronto-...

Source: Financialpost June 27, 2024

WestJet to start cancelling flights Thursday as mechanics' strike looms

CEO says union trying to create 'maximum damage' with timing ahead of July 1 weekendWestJet Airlines Ltd., Canada’s second-largest carrier, will begin cancelling flights on Thursday — just ahead of a long holiday weekend — as it prepares for a strike. We...