Daily News

Source: Financialpost March 23, 2023

Federal Reserve hikes rate, but cuts not on the table yet

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Read our coverage...

Source: Financialpost March 23, 2023

The province with the highest taxes plans to spend $9.2 billion cutting them

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Highlight of Queb...

Source: Financialpost March 23, 2023

Opinion: The budget should modernize Canada’s retirement-saving rules

Let Canadians save more for retirement With the worst of COVID-19 behind us, the federal government needs to re-focus on long-standing stresses, including tax rules that limit many Canadians from saving as much for retirement as they would like...

Source: Financialpost March 23, 2023

Bruce Pardy: Human rights tribunal says the quiet part out loud

Tribunal said white people cannot claim discrimination In June 2021, an Ontario high school student tried to sign up for a summer program. He was rejected because he was white. The “SummerUp” program, sponsored by the Ontario government, was op...

Source: Financialpost March 23, 2023

Toy salesman beats CRA in tax court appeal after being reassessed for $1.2 million

Audit initiated based on findings of Panama Papers Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. A Canadian in the...

Source: BNN Bloomberg March 22, 2023

Health-care stocks: Three hot picks from Robert Moffat

The health-care sector offers opportunities for diversification, according to one portfolio manager.  In an interview with BNN Bloomberg’s Jon Erlichman, Robert Moffat, a portfolio manager at Middlefield Group, said that the health-care sector has a far sm...

Source: BNN Bloomberg March 22, 2023

GameStop surges after reporting first profit in two years

GameStop Corp. reported a surprise profit in the fourth quarter and beat analysts’ estimates for revenue, sending the shares soaring as much as 39 per cent in extended trading.  Net income was US$48.2 million, the first profit in two years, and compared wi...

Source: BNN Bloomberg March 22, 2023

Wall Street's fear gauge crumbles with risk-on bid

Wall Street’s favorite volatility gauge tumbled as a rebound in stocks deepened, with a surge in banks and assurances from global authorities easing concerns that the recent financial tumult would lead to a full-blown crisis. Call it calm. Or call it calm...

Source: BNN Bloomberg March 22, 2023

Nike sales outpace estimates as it trims inventory level

Nike Inc. reported robust quarterly sales that beat Wall Street’s expectations as the sportswear brand worked down its excess inventory, but profitability missed estimates.  Global revenue rose 14 per cent to US$12.4 billion in the quarter ended Feb. 28. T...

Source: Bankofcanada March 22, 2023

Summary of Governing Council deliberations: Fixed announcement date of March 8, 2023

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on March 8, 2023. This summary reflects di...