Daily News

Source: Financialpost May 04, 2024

CRA employees will also be required to work in office 3 days a week: ‘We feel betrayed’

Follows Treasury Board of Canada Secretariat’s leadThe Canada Revenue Agency (CRA) will soon require employees to make their way to the office for at least three days a week, following the Treasury Board of Canada Secretariat’s lead. We apologize, but...

Source: Financialpost May 04, 2024

FP Answers: How will retiring early and working part time impact my CPP payments?

Couple planning to winter in Panama wants help deciding whether wife should start collecting at age 60Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through lin...

Source: Financialpost May 04, 2024

David Rosenberg: Why the Bank of Canada needs to start cutting rates … Now

Key data points indicate the central bank is keeping policy 'far too tight'The most important inflation metric, the CPIX, which excludes the eight most volatile segments of the index, is running at 2.1 per cent on a year-over-year basis. That is pretty well...

Source: Financialpost May 04, 2024

Killer TD variable rate mortgage could be sign of better deals to come

Robert McLister: Offer is 101 basis points lower than Canada's benchmark prime rate of 7.2%, but bank appears to be playing coy with this sizzling discountThe nation’s second-biggest bank just launched a killer variable mortgage rate. But keep it quiet. Appa...

Personal Finance Source: BNN Bloomberg May 03, 2024

Young investors more likely to switch advisers, citing high fees: J.D. Power survey

Traditional wealth management firms are at an increasing risk of losing younger clients, particularly as new rules to make investment fees more transparent loom, a new survey shows. An investor satisfaction study by J.D. Power finds 25 per cent of generati...

Source: BNN Bloomberg May 03, 2024

Markets today: tech lifts stocks as Apple jumps in late hours

The world’s largest technology companies drove stocks higher, with traders gearing up for Friday’s jobs report. Bonds climbed, while the dollar dropped the most in 2024. In late hours, Apple Inc. climbed after said sales declined less sharply than feared l...

Source: BNN Bloomberg May 03, 2024

Stan Wong's Top Picks: May 2, 2024

Stan Wong, portfolio manager at Scotia Wealth Management FOCUS: North American large caps and ETFs  MARKET OUTLOOK: After five consecutive months of very solid gains for equities, stocks have wavered somewhat in April. Notably, the technology and r...

Source: BNN Bloomberg May 03, 2024

Retailer Aritzia's Q4 net income fell by 35%, net revenue up 7%

Aritzia Inc.'s net income fell by 58 per cent in its latest fiscal year, which the retailer's chief executive said was spent laying the groundwork for the business's rebound.  "After two years of exceptional growth in our business — 74 per cent in fiscal 2...

Company News Source: BNN Bloomberg May 03, 2024

Apple rallies after company forecasts return to sales growth

Apple Inc. shares jumped in late trading after the company posted stronger-than-expected sales last quarter and predicted a return to growth in the current period, sparking optimism that a slowdown is easing.  Revenue fell 4.3 per cent to US$90.8 billion i...

Source: BNN Bloomberg May 03, 2024

TMX Group earns $139.5 million in first quarter as revenues rise

TMX Group Inc. says it earned $139.5 million in its first quarter, up from $89 million a year earlier. The operator of the Toronto Stock Exchange says its revenues totalled $345.9 million in the quarter ended March 31, up from $299.1 million.  Earnings...