Daily News

Economy Source: Financialpost March 29, 2024

David Rosenberg: Canada was once productive and competitive, but not today

Massive government spending is crowding out private-sector investmentI have to say that watching the recent fiasco in the House of Commons with respect to the subtle (maybe not too subtle) shift in Mideast policy makes it embarrassing enough to be a Canadian...

Economy Source: Financialpost March 29, 2024

Economy grows more than expected, keeping the Bank of Canada 'on its toes'

January GDP strongest monthly growth in a year Get the latest from Naimul Karim straight to your inbox Sign Up The Canadian economy surprised to the upside in January, posting its strongest monthly growth in a year, which could keep the Bank of Canada...

Source: BNN Bloomberg March 28, 2024

Markets today: S&P 500 gets late-day boost to finish at record

Wall Street traders sent stocks higher in the final stretch of a quarter that saw the market surge almost 10 per cent, with many institutional investors potentially rebalancing their portfolios. In another volatile session, the S&P 500 closed at a record a...

Source: BNN Bloomberg March 28, 2024

Minor league players accused of insider trading in Del Taco

Four current and former minor league baseball players illegally traded on Jack in the Box Inc.’s US$575 million purchase of Del Taco Restaurants Inc., according to the U.S. Securities and Exchange Commission. Jordan Qsar, Austin Bernard, Grant Witherspoon...

Company News Source: BNN Bloomberg March 28, 2024

Alberta pension fund seeks to grow Asia asset exposure to 15%

Alberta Investment Management Corp., one of the largest Canadian institutional investors, is increasing its Asia exposure by tapping into investments including infrastructure.  The company is seeking to grow its Asia portfolio contribution to about 10 to 1...

Market Call Source: BNN Bloomberg March 28, 2024

Andrew Moffs' Top Picks: March 27, 2024

Andrew Moffs, senior vice president and portfolio manager, Vision Capital FOCUS: Real estate stocks  MARKET OUTLOOK: In the wake of a strong and broad rally across the North American publicly-traded real estate securities in the fourth quarter of 2...

Source: Financialpost March 28, 2024

CRA fires 232 people for falsely claiming $2,000-a-month CERB benefit

CRA still has 235 files to investigateReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. OTTAWA — The Canada Revenue Agency has now fire...

Source: Financialpost March 28, 2024

Mohamed El-Erian: We may have just seen a central bank shift that will go down in history

Last week may mark a move away from strict inflation targeting by the world's most influential central banksBy Mohamed El-Erian We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team....

Source: Financialpost March 28, 2024

Opinion: Canadians will ignore the new trust reporting rules. So will the Canada Revenue Agency

The law is an ass, a Dickens character proclaimed. Ottawa's new rules on trusts confirm that. They should be withdrawn and forgottenBy Allan Lanthier We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other...

Economy Source: Financialpost March 28, 2024

How to fix Canada's poor productivity performance

Rosenberg Research: Bank of Canada will have to cut rates harder and faster than it thinks if productivity is not addressedBy Atakan Bakiskan We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos...