Daily News

Source: BNN Bloomberg January 12, 2024

TSX recap: Index down 0.34% on finance, utilities weakness

Canada's main stock index posted a modest loss Thursday, weighed down by the financial and utility sectors, while U.S. stock markets were mixed, but essentially flat. The S&P/TSX Composite Index closed down 71.02 points, or 0.34 per cent, at 20,918.40....

Source: Financialpost January 12, 2024

Increased CPP, EI deductions mean smaller paycheques — here's how to cope

Sandra Fry: These practical tips can help you get by on a slightly reduced take-home incomeReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this...

Source: Financialpost January 12, 2024

Top headlines: Hertz to sell 20,000 EVs in shift back to gas-powered cars

The latest business news as it happensToday’s headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: Hertz to sell 20,000 EVs in shift back to gas-powered...

Source: Financialpost January 12, 2024

Hertz to sell one-third of EV fleet in shift back to gas-powered cars

20,000 cars on the block amid weak demand, high repair costsHertz Global Holdings Inc. plans to sell a third of its United States electric vehicle fleet and reinvest in gas-powered cars due to weak demand and high repair costs for its battery-powered options...

Source: Financialpost January 12, 2024

Prospect of Bank of Canada rate cuts is boosting Canadians' views on the economy

Canadians appear to be riding a wave of optimism in latest Maru household pollCanadians appear to be riding a wave of optimism about the national economy and their personal financial prospects, according to latest results of an ongoing survey tracking househ...

Economy Source: Financialpost January 12, 2024

Trudeau botched immigration surge, Canada's top bank economists say

Rapid population growth causing economic damage and needs to be reconsideredCanada’s current immigration policy — among the most open in the world — is now causing economic damage and needs to be reconsidered, according to the country’s top economists....

Source: BNN Bloomberg January 11, 2024

Markets today: Bitcoin near US$46,000 after ETF approval decision

  Treasuries fell and big-tech fueled gains in stocks, with investors awaiting Thursday’s inflation data for clues on the outlook for Federal Reserve policy. U.S. 10-year yields topped 4 per cent after briefly falling below that mark. The S&P 500 extend...

Source: BNN Bloomberg January 11, 2024

Aritzia saw its Q3 net income drop, sales rise as chain offered higher markdowns

Aritzia Inc. reported its net income dropped by roughly 39 per cent to $43.1 million in its most recent quarter but its net revenue edged up by almost five per cent. The Vancouver-based apparel retailer says its third-quarter results compared with a net in...

Source: BNN Bloomberg January 11, 2024

TSX recap: Index mostly flat as energy, metals dip

Canada's main stock index eked out a gain Wednesday, weighed down by weakness in energy and metals, while U.S. markets rose. The S&P/TSX Composite Index closed up 18.44 points, or 0.09 per cent, at 20,989.42. In New York, the Dow Jones Industrial Averag...

Source: BNN Bloomberg January 11, 2024

'Catalyst for the industry': Stakeholders on U.S. Bitcoin decision

Cryptocurrency stakeholders say a pending decision in the U.S. regarding Bitcoin investments would open the doors to more traditional investors. Wednesday marks the deadline for the U.S. Securities and Exchange Commission (SEC) to decide whether to approve...