Daily News

Source: Financialpost July 10, 2024

Tax on home equity is latest proposal in Liberals' bogeyman approach to housing

Kim Moody: Target is older Canadians who have paid off their homes and have the good fortune of capital appreciationThere were a number of reports last week about the prime minister and finance minister meeting with a government-funded think tank to discuss...

International Source: BNN Bloomberg July 09, 2024

Inconclusive French parliamentary vote leaves investors on edge

French stocks rallied Monday as the country’s snap legislative elections left no party with a majority in the National Assembly, even as investors warned of market turbulence in the coming weeks as political gridlock looms. The CAC 40 Index reversed an ear...

Company News Source: BNN Bloomberg July 09, 2024

Qualcomm, Microsoft lean on AI hype to spur PC market revival

Tech companies from Microsoft Corp. to Qualcomm Inc. are embarking on a marketing blitz for a new type of computer they are dubbing “AI PCs,” promising artificial intelligence features embedded in their laptops and desktops. The new laptops differ from sta...

Source: BNN Bloomberg July 09, 2024

Bruce Murray's Top Picks: July 8, 2024

Bruce Murray, CEO and CIO of Murray Wealth Group FOCUS: North American growth stocks MARKET OUTLOOK: After a very solid first half where the S&P 500 Index's total return was 15.3 per cent, we at Murray Wealth Group expect the bull market to continu...

Source: BNN Bloomberg July 09, 2024

Markets today: S&P 500 ekes out gain to notch 35th record in 2024

Stocks closed at all-time highs in a cautious session that saw traders gearing up for Jerome Powell’s testimony to US lawmakers and the start of the earnings season. With a mere 0.1 per cent advance, the S&P 500 notched its 35th record this year. Some of t...

Source: BNN Bloomberg July 09, 2024

Hedge funds bet against gasoline in the middle of driving season

(Bloomberg) -- Hedge funds increased their bearish bets against gasoline prices to the highest in seven years after this year’s summer driving season has delivered only tepid demand so far. Money managers’ short-only positions in gasoline rose by 5,093 lots t...

Source: Financialpost July 09, 2024

Theo Argitis: Carney speculation summer mirage for disgruntled corporate Canada

For many in Canadian business, a federal election cannot come soon enoughIn the maelstrom of political upheaval that has characterized the past couple of weeks, amid the dozens of stories chronicling Justin Trudeau’s precarious standing, one report must have...

Source: Financialpost July 09, 2024

Posthaste: Obstacles to the Bank of Canada cutting rates are fading — except for this one

There is one thing that could be a fly in the ointment on July 24 We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Obstacles to the Bank of Canada cutting rates are f...

Source: Financialpost July 09, 2024

You may qualify for this valuable tax credit without even knowing it

Jason Heath: Onus is on taxpayer to show they are eligible for disability tax creditReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. T...

Source: Financialpost July 08, 2024

Thinking about leaving Canada? Here are the financial considerations you need to know

Leaving Canada without prudent planning could see assets taxed at rates of more than 50 per centReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on...