Daily News

Source: BNN Bloomberg January 13, 2023

Bond yields tumble as traders dial back Fed wagers

Treasury yields slumped as inflation showed signs of easing, which could make the case for the Federal Reserve to slow its pace of rate hikes to prevent a harsher economic downturn. Stocks saw mild gains. Wall Street looked past its initial disappointment...

Source: BNN Bloomberg January 13, 2023

ESG craze is a 'mass investing delusion': Carson Block

The short-selling investor best known in Canada for exposing one of the country’s largest corporate fraud cases has now turned his attention to what he calls the “delusion” in environmental, social, and governance (ESG) investing. Carson Block, founder and...

Source: Financialpost January 13, 2023

Subway — one of world's biggest fast-food chains — exploring sale that could top $10 billion, source says

With 37,000 locations the sandwich chain is bigger than McDonald's Subway is exploring a potential sale that could value the sandwich chain at more than US$10 billion, according to a person familiar with the matter. We...

Source: Financialpost January 13, 2023

Jack Mintz: Federal employment growth is now out of hand

Rate of jobs growth more than three times greater than in private sector We often talk about Canada’s poor productivity and low per capita income growth. What we don’t discuss is productivity in the public sector. The goal of governments may be...

Source: Financialpost January 13, 2023

'A mad rush': How Loblaws' fight with FritoLay forced Neal Brothers to up its snack-food game

Loblaws deal led to Neal Brothers merger with rival distributor Jonluca Enterprises About this time last year, Neal Brothers Foods caught a break. Its biggest customer, and the largest grocery chain in Canada, Loblaw Cos. Ltd., squared off agai...

Source: Financialpost January 13, 2023

The CRA is cracking down on COVID-19 benefit payments as this taxpayer found out

Jamie Golombek: Three CRA reviews found taxpayer couldn't claim CRB based on income from an Airbnb rental Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases...

Source: BNN Bloomberg January 12, 2023

U.S. stocks end on high note with 'risk-on' CPI wagers

Wall Street traders betting that further inflation softening could bolster the case for a Federal Reserve downshift drove a rally in both stocks and bonds. Investors looked beyond the drumbeat of hawkish Fedspeak, a potentially miserable stretch of earning...

Source: BNN Bloomberg January 12, 2023

TSX recap: Index finishes 0.63% higher amid broad gains

Canada's main stock index closed higher in broad gains as commodities rose, while U.S. stock markets also ended up a day before the release of key inflation data.  The S&P/TSX Composite Index ended up 126.19 points, 0.63 per cent, at 20,025.05.  In New...

Market Call Source: BNN Bloomberg January 12, 2023

Gordon Reid's Top Picks: January 11, 2023

Gordon Reid, president and chief executive officer, Goodreid Investment Counsel    FOCUS: U.S. equities   MARKET OUTLOOK: Investors worldwide were bloodied in 2022, the result of central bankers raising interest rates in an effort to tame inflation...

Source: Financialpost January 12, 2023

People are leaving Canada's biggest cities amid a housing crunch

Cities getting bigger, more expensive, forcing hundreds of thousands to search for affordable housing elsewhere Canada’s largest cities are getting bigger and more expensive, forcing hundreds of thousands of people to search for affordable hous...