Daily News

Source: BNN Bloomberg March 21, 2023

U.S. stocks stage relief rally as banking jitters ease

Stocks climbed as regulators worldwide rushed to shore up market confidence, with the recent financial turmoil spurring speculation on a slower pace of tightening from major central banks. An earlier flight-to-safety bid waned, with all 11 groups in the S&...

Source: BNN Bloomberg March 21, 2023

TSX recap: Index closes 0.68% higher amid gains in energy stocks

Canada's main stock index began the week by posting a gain of more than 130 points, fueled by strength in energy stocks, while U.S. markets also rose. The S&P/TSX Composite Index was up 131.71 points, or 0.68 per cent, at 19,519.43. In New York, the Dow...

Source: BNN Bloomberg March 21, 2023

Ritchie Bros. Auctioneers Inc. completes acquisition of IAA Inc.

Ritchie Bros. Auctioneers Inc. announced it has closed its acquisition of U.S. firm IAA Inc. after a contentious few months that saw shareholders divided over the deal. Shareholders of the Vancouver-based auction company voted to approve the deal last Tues...

Source: Bankofcanada March 21, 2023

2023 Fellowship Program: Award recipients

The Bank of Canada is pleased to announce the recipients of the Bank’s 2023 Fellowship Award and Governor’s Award. Fellowship Award Liyan Yang Professor of Finance, Rot...

Source: Financialpost March 21, 2023

Nordstrom Canada to begin liquidation sales Tuesday after receiving court’s permission

All sales will be final and no returns will be allowed The liquidation sales at Nordstrom Inc. stores across Canada will begin Tuesday. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and...

Source: Financialpost March 21, 2023

Canada to make 'serious investment' in clean tech in federal budget: Freeland

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 Freeland also pro...

Source: Financialpost March 21, 2023

Bank of Canada and its peers stir memories of the 2008 financial crisis: What you need to know

So far, memories have been more powerful than anything the central banks have had to do in real life The Bank of Canada rarely issues press releases on a Sunday, so the notice that went out on March 19 caused a stir. THIS CONTENT IS RES...

Source: Financialpost March 21, 2023

Nearly half a million dollars paid to 'insider' whistleblower in Ontario case

Ontario market watchdog has paid out $9.33 million to whistleblowers since 2016 A whistleblower who tipped the Ontario Securities Commission about wrongdoing at an organization where they worked has been paid a reward of nearly half a million d...

Source: Financialpost March 20, 2023

Opinion: It’s past time to reform capital gains tax. But how exactly?

Higher capital gains tax would be the most effective way to make those with the highest incomes bear a larger share By Rhys Kesselman THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and a...

Source: Financialpost March 20, 2023

Bank of Canada joins Fed and other central banks in new liquidity measures to ease banking turmoil

Move follows Swiss rescue of Credit Suisse and signals depth of concern over the global financial system Some of the world’s largest central banks came together on Sunday to stop a banking crisis from spreading as Swiss authorities persuaded UB...