Daily News

Source: Bankofcanada May 03, 2024

The Bank of Canada releases its 2023 Annual Report and Report on Climate Risks

The Bank of Canada’s Annual Report for 2023 was tabled in the House of Commons yesterday. The Bank of Canada also released its second annual report outlini...

Source: Financialpost May 03, 2024

Want to appeal a CRA assessment? Better not be one day late, as this taxpayer found out

Jamie Golombek: Best to file CRA appeals within 90 days of the date on your notice of assessmentReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on...

Source: Financialpost May 03, 2024

TD Bank hit with $9.2 million penalty for failing to report suspicious transactions

Canada's financial intelligence agency fines TD as bank faces further compliance probes in U.S. Get the latest from Barbara Shecter straight to your inbox Sign Up Toronto-Dominion Bank, which is in the midst of several probes over its anti-money-laund...

Source: Financialpost May 03, 2024

Apple jumps in late hours as tech lifts stocks

Apple Inc. sales declined less sharply than fearedThe 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. We apologize, but this video ha...

Source: Financialpost May 03, 2024

Posthaste: Capital gains tax hike will hit more Canadians than we thought

Analysts say higher tax will cut returns from Canadian stocks We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Capital gains tax hike will hit more Canadians than...

Source: BNN Bloomberg May 02, 2024

Cruise line Viking IPO fetches US$1.54 billion

  Viking Holdings Ltd. priced its initial public offering near the top of a marketed range to raise US$1.54 billion for the luxury cruise operator and two investors. Viking is offering 11 million shares and the selling shareholders are offering about 53...

Source: BNN Bloomberg May 02, 2024

Markets today: U.S. Treasuries rally with Fed not as hawkish as feared

The world’s biggest bond market surged as Jerome Powell downplayed the possibility of rate hikes and the Federal Reserve said it will shrink its balance sheet at a slower pace to ease strains in money markets. Treasuries climbed across the curve, with two-...

Company News Source: BNN Bloomberg May 02, 2024

Gildan Q1 earnings down almost 20% as feud over who should lead the company continues

Gildan Activewear Inc. says it earned US$78.7 million in its first quarter, down almost 20 per cent from US$97.6 million a year earlier. The Montreal-based clothing manufacturer, which reports its financial information in U.S. dollars, says diluted earning...

Source: BNN Bloomberg May 02, 2024

Parkland Corp. posts first-quarter loss due to Burnaby refinery outage

Fuel retailer Parkland Corp. says it posted a net loss of $5 million in its first quarter as its financial results took a hit due to an unplanned shutdown at its Burnaby refinery. The Calgary-headquartered company says that compares to earnings of $77 mill...

Market Call Source: BNN Bloomberg May 02, 2024

Cole Kachur's Top Picks: May 1, 2024

Cole Kachur, portfolio manager and senior investment advisor, Wellington-Altus Private Wealth FOCUS: North American stocks, ETFs  MARKET OUTLOOK: Markets continue to be range-bound, coming down slightly from their most recent highs but also staying...