Daily News

Source: BNN Bloomberg April 06, 2024

Markets today: U.S. stock bull run powers ahead after blockbuster jobs

The stock market ended the week on a positive note after a blowout jobs report signaled the U.S. economy will continue to power Corporate America — even if that means the potential for still elevated interest rates. In a widespread equity advance, the S&P...

Source: BNN Bloomberg April 06, 2024

The Week Ahead: Bank of Canada rate announcement, March home sales

Tuesday, April 9 Earnings: Tilray Wednesday, April 10 Canada Building Permits for February U.S. Consumer Price Index for March Bank of Canada Policy Announcement Bank of Canada Monetary Policy Report 10:30 a.m.: Bank of Canada news co...

Source: Financialpost April 06, 2024

Canada warns Trump 10% tariff risks sparking global retaliation

USMCA trade deal should exempt Canada from plan, ambassador to the U.S. saysDonald Trump’s campaign promise to hike import tariffs could trigger retaliation from other nations including trade partners, Canada’s ambassador to the United States warned....

Source: Financialpost April 06, 2024

Edward Rogers: Why innovation and investment matter for Rogers and for Canada

Building our digital future means thinking in decades, not quartersWhen Rogers Communications Inc. and Shaw Communications Inc. merged one year ago, it wasn’t just the largest deal in Canadian telecom history, it was the coming together of two proud companie...

Source: Financialpost April 06, 2024

Trudeau says news on mortgages is coming in federal budget

Majority of pre-budget announcements have focused on rental housing so farPrime Minister Justin Trudeau said his government will have news to announce on mortgages in Canada in the upcoming April 16 budget, but did not provide further details. We apol...

Source: Financialpost April 06, 2024

CRA says you'd better be working from home to claim home-office expenses

Jamie Golombek: A visiting nurse who kept a home office argued he should be able to claim office expenses, but CRA, judge disagreedReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission fr...

Economy Source: Financialpost April 06, 2024

Canada's unemployment rate jumps to 6.1% as job growth stalls unexpectedly

Economy sheds 2,200 jobsCanada’s labour market unexpectedly lost jobs and the unemployment rate jumped to the highest level in more than two years, signalling greater slack in the economy that will test the central bank’s patient stance on rate cuts....

Source: BNN Bloomberg April 05, 2024

Markets today: S&P 500 falls 1% as oil jump spurs flight to bonds

Stocks fell ahead of Friday’s jobs report as a rally in oil amid geopolitical tensions triggered a flight to the safest corners of the market. Treasuries climbed and the dollar closed near session highs. The S&P 500 dropped 1.2 per cent, wiping out earlier...

Source: BNN Bloomberg April 05, 2024

The Daily Chase: TMX opening date, gold hits new high

Here are five things you need to know this morning: Dollarama raking in the dollars: Dollarama raised its dividend by almost 30 per cent after posting quarterly results that showed sharply higher revenue, profit and same-store sales. The discount retailer...

Technology Source: BNN Bloomberg April 05, 2024

Amazon investors eye swelling cash pile with stock near record

For years, Amazon.com Inc. has been the stingiest among tech megacaps to give back capital to shareholders. Now, it’s generating so much cash that some on Wall Street are anticipating more generous returns. After a record haul of US$32 billion in free cash...