Daily News

Source: Financialpost May 11, 2024

Canadian business groups backtrack on claim about capital gains tax change

Canadian Chamber of Commerce and others now say one in five companies, not individuals, would be directly affectedReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made...

Source: Financialpost May 11, 2024

Bank of Canada warns bets tied to timing of rate cuts are boosting leverage in some markets

Senior deputy governor Carolyn Rogers says higher leverage not a problem yet, but could be if there is a dash for cash Get the latest from Barbara Shecter straight to your inbox Sign Up Bank of Canada officials are monitoring pockets of increasing lev...

Source: Financialpost May 11, 2024

Severe solar storm threatens power grids and navigation systems

Storm threatens to trigger blackouts, disrupt navigation systems and knock out high-frequency radios around the worldA severe solar storm this weekend threatens to trigger blackouts, disrupt navigation systems and knock out high-frequency radios around the w...

Financial Times Source: Financialpost May 11, 2024

'Breakdown nations' like Canada have a lesson for the world

Canada leads nations which have suffered a sharp decline in per-capita GDPBy Ruchir Sharma We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. 'Breakdown nations' like Canada h...

Company News Source: BNN Bloomberg May 10, 2024

Manulife profit beats on growth in Asia, wealth management

Manulife Financial Corp. posted first-quarter profit that beat analysts’ estimates, boosted by continued strength in its Asia operations and wealth-management business. Core earnings increased 16 per cent from a year earlier to $1.8 billion, or 94 cents a...

Source: BNN Bloomberg May 10, 2024

CEO says Cineplex 'basically refinanced' its balance sheet in Q1

Cineplex Inc.’s top executive says the theatre giant has taken steps to improve its balance sheet as the company reports first-quarter earnings.  Cineplex released quarterly results on Thursday, saying the sale of its arcade game business spurred stronger...

Market Call Source: BNN Bloomberg May 10, 2024

Mike Vinokur's Top Picks: May 9, 2024

Mike Vinokur, portfolio manager at MV Wealth Partners with iA Private Wealth FOCUS: North American large caps  MARKET OUTLOOK: The first quarter saw very strong equity market performance based on the market’s belief that central banks would aggress...

Source: BNN Bloomberg May 10, 2024

Markets today: S&P 500 is back to 5,200 as traders ride momentum

The stock market climbed to its highest level since early April, extending a rebound that’s been fueled by speculation the Federal Reserve will be able to cut interest rates this year. Equities rose as higher-than-estimated jobless claims reinforced bets o...

Source: BNN Bloomberg May 10, 2024

Sun Life reports first-quarter net income of $875 million

Sun Life Financial Inc. says it had a net income of $875 million in its first quarter, a two per cent decline from last year. The insurer says profits were affected by its U.S. health division, including from reassessments following the lifting of the Publ...

Source: Bankofcanada May 10, 2024

Financial Stability Report—2024

A stable and efficient financial system is essential for sustaining economic growth and raising standards of living. In the Financial Stability Report,...