Daily News

Company News Source: BNN Bloomberg February 09, 2024

Sun Life Financial beats estimates on Asia growth, insurance sales

Sun Life Financial Inc. beat analyst estimates for fourth-quarter profit, boosted by momentum in its Asia business and strong sales of individual and group insurance policies.  The Toronto-based insurer and asset manager said underlying net income increase...

Market Call Source: BNN Bloomberg February 09, 2024

Greg Newman's Top Picks: February 8, 2024

Greg Newman, senior wealth advisor and portfolio manager, Newman Group, ScotiaMcLeod FOCUS: North American stocks, dividends, option strategies  MARKET OUTLOOK: What an unbridled run the U.S. markets have had since October. The result of tamer infl...

Source: BNN Bloomberg February 09, 2024

TSX recap: Index finishes nearly 50 points lower

Canada's main stock index posted a small loss Thursday as weakness in telecom and utilities stocks weighed on the market, while U.S. markets made gains. The S&P/TSX Composite Index was down 49.54 points, or 0.24 per cent, at 20,919.64. In New York, the...

Source: BNN Bloomberg February 09, 2024

Markets today: Bonds fall after US$25 billion sale as U.S. stocks churn

Wall Street struggled to gain traction, with the bond market digesting another big sale of Treasuries and stocks hovering near records. Bonds fell despite a strong US$25 billion auction that reduced jitters about an oversupply. Equities closed little chang...

Source: BNN Bloomberg February 09, 2024

Fairfax Financial shares down after report by short seller Muddy Waters Research

Shares of Fairfax Financial Holdings Ltd. were down almost 12 per cent Thursday after a short seller alleged the company manipulated asset values. In a report, Muddy Waters Research, which said it was short Fairfax, said it believed a conservative adjustme...

Source: Financialpost February 09, 2024

Spillover effect from strong U.S. economy could boost Canadian mortgage rates

Canadian bond yields are getting caught in the updraft as economic strength down south sparks fears inflation could reigniteIt seems central bankers can’t keep the United States economy down — despite a 23-year high in the world’s most important interest rat...

Source: Financialpost February 09, 2024

BCE cutting 4,800 jobs, selling 45 radio stations

Radio no longer a 'viable business,' Bell's chief legal and regulatory officer saysBCE Inc. is selling off 45 of its 103 regional radio stations as it cuts nine per cent of its workforce, including journalists and other workers at its Bell Media subsidiary....

Source: Financialpost February 09, 2024

Posthaste: Buyer's remorse? Homeowners in these cities are counting their losses

Where home prices fell the most in Canada We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Buyer's remorse? Homeowners in these cities are counting their losses Ba...

Source: Financialpost February 09, 2024

‘A time of crisis’: Here's what you need to know about the Bell Canada layoffs

BCE will be cutting its workforce by 9%, which is approximately 4,800 positionsBCE Inc. announced major layoffs at Bell Canada on Thursday following the release of its 2023 fourth quarter and full year earnings results. The move is expected to save the compa...

Source: Financialpost February 09, 2024

New CRA rules around working from home make it harder to claim expenses

Jamie Golombek: The 'simplified method' of claiming home-office expenses is no longer available for the 2023 tax yearReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases m...