Daily News

Source: BNN Bloomberg February 03, 2024

The Week Ahead: Toronto housing numbers; BoC Governor speech

Monday Feb. 5 Notable data: Bank of Canada fourth quarter Market Participants Survey Earnings: Tyson Foods, McDonalds, Caterpillar, Simon Property Group, Palantir, TMX Group Tuesday Feb. 6 Notable data: Toronto housing numbers from TRREB, S...

Source: Financialpost February 03, 2024

Clock is ticking for Justin Trudeau to unload Trans Mountain expansion

Pipeline scheduled to start pumping oil in the second quarter, but its sale faces many challenges including a looming electionJustin Trudeau has promised one of the largest government-led asset sales in Canadian history by divesting the Trans Mountain pipeli...

Source: Financialpost February 03, 2024

Rate-cut rumblings could spur sweeter mortgage deals

Robert McLister: If you shop around, you can now land variables as low as 6.55% if uninsured, and 5.90% if insuredCanada’s mortgage rate market got good news out of Washington Jan. 31 as the United States Federal Reserve confirmed the likelihood of interest...

Source: Financialpost February 03, 2024

Legal battle over real estate commissions goes national with second class-action claim

Original lawsuit involves brokerages in Greater Toronto AreaThe scope of a legal challenge alleging price fixing within the residential real estate industry has been widened to include all regions of Canada, thanks to a second class-action lawsuit filed last...

Source: Financialpost February 03, 2024

IBM tells managers to move near an office — or quit

Those who don't agree or are unable to secure a role that’s approved to be remote must 'separate from IBM'International Business Machines Corp. delivered a companywide ultimatum to managers who are still working remotely: move near an office or leave the com...

Source: Financialpost February 03, 2024

Opinion: Dithering by Canada Revenue Agency leads to million-dollar loss

If your deadline for submitting paperwork is a holiday, the law gives you a day's grace. But not so for the CRA, the courts sayBy Allan Lanthier We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other vide...

Source: Financialpost February 03, 2024

Homebuyers' frenzy growing even before Bank of Canada rates go down

Buyers eager to get in before competition pushes prices back out of reachBuyers in Canada are starting to venture back into the housing market, seeking to get ahead of any possible shopping frenzy spurred by expected rate cuts from the Bank of Canada....

Source: BNN Bloomberg February 02, 2024

Markets today: Tech gains in late hours on Amazon, Meta earnings

A US$244 billion exchange-traded fund tracking the Nasdaq 100 climbed in late hours after Amazon.com Inc. and Meta Platforms Inc.’s results. Amazon extended gains after reporting strong profit and giving an operating income outlook that surpassed estimates...

Company News Source: BNN Bloomberg February 02, 2024

Meta plans US$50 billion buyback in effort to win over investors

Meta Platforms Inc. announced plans to buy back an additional US$50 billion in shares and issue its first-ever quarterly dividend as Chief Executive Officer Mark Zuckerberg works to convince investors that his costly bets on the metaverse and artificial intel...

Source: BNN Bloomberg February 02, 2024

TSX recap: Index defies energy weakness, climbs 0.46%

Canada's main stock index gained almost a hundred points Thursday despite weakness in energy stocks, while U.S. markets erased a big chunk of their losses from the day before.  The S&P/TSX Composite Index closed up 97.33 points, or 0.46 per cent, at 21,119...