Daily News

Source: Financialpost February 10, 2023

New Flyer, the Canadian Tesla of public transit, looks to turn bus around

Bus manufacturing giant NFI is teetering on the brink of a financial disaster. Can it get the bus rolling again? It was Paul Soubry’s final day of vacation, and among the things he had learned after two weeks of sunshine and four rounds of golf...

Source: Financialpost February 10, 2023

CRA denies transit employee's costs from working away from home, gets taken to court

Jamie Golombek: To deduct unreimbursed food and lodging employment expenses, several conditions must be met Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchas...

Source: BNN Bloomberg February 09, 2023

Be cautious of financial advice on social media: Expert

Young people turning to social media for financial advice from influencers should be cautious, one expert warns. Li Zhang, the principal of corporate citizenship with Chartered Professional Accountants Canada (CPA), said in an interview with BNN Bloomberg Tue...

Source: BNN Bloomberg February 09, 2023

​Retail investment: Three hot picks from Seth Basham

Retail stocks have suffered from inflationary pressures and pandemic lockdowns over the past few years but one financial expert says this makes for some great buying opportunities within the sector.    Speaking with BNN Bloomberg's Amber Kanwar on Wednesday,...

Source: BNN Bloomberg February 09, 2023

U.S. stocks get hit as hawkish Fed chorus grows louder

A selloff in tech stocks weighed heavily on trading Wednesday, with the most-recent string of Federal Reserve speakers reinforcing the idea that interest rates will need to keep climbing to quash inflation. Their tone was clearly intended to catch the mark...

Market Call Source: BNN Bloomberg February 09, 2023

Jason Del Vicario's Top Picks: February 8, 2023

Jason Del Vicario, portfolio manager, Hillside Wealth Management, iA Private Wealth FOCUS: North American and global growth stocks  MARKET OUTLOOK: Equity markets have continued to be volatile through the end of 2022 and into 2023. Of late, both bo...

Source: Financialpost February 09, 2023

Terence Corcoran: New debate over the future of fossil fuels

Climate ‘deniers’ Alex Epstein and Roger Pielke Jr. face off The global policy consensus on the future of energy is clear: Fossil fuels are done, finished, peaking, on the way out and never to return once their 100-year role as the engine of hu...

Source: Financialpost February 09, 2023

Grocery CEOs snub Ottawa profiteering inquiry, exacerbating tensions with politicians

MPs demand to know why 'not one single head' of the grocery giants showed up to publicly defend their company The heads of Canada’s top supermarket chains have so far snubbed parliamentarians investigating allegations of profiteering in the gro...

Source: Financialpost February 09, 2023

Posthaste: Snowbirds have flown south again, but they're not sure how much longer they can afford it

They're worried rising costs will impact their ability to live abroad in future Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on thi...

Source: BNN Bloomberg February 08, 2023

Wall Street goes risk-on without Powell's pushback

Stock traders bracing for Jerome Powell to push back against the powerful rally that led to a loosening in financial conditions didn’t really get that, with the market finding encouragement to move higher. What the Federal Reserve’s chief said Tuesday wasn...