Daily News

Source: BNN Bloomberg May 02, 2024

Great-West Lifeco reports $960 million net earnings in first quarter of 2024

Great-West Lifeco Inc. says it earned $960 million in the first quarter, up from $595 million a year earlier. The Winnipeg-based company says it exceeded $1 billion in quarterly base earnings for the first time, building on strong momentum from 2023. Ne...

Source: Bankofcanada May 02, 2024

Opening Statement before the House of Commons Standing Committee on Finance

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Monet...

Source: Financialpost May 02, 2024

Taxing the rich is not a magic trick that will help younger Canadians

Kim Moody: Intergenerational fairness and asking the so-called rich to pay more tax via an increased capital gains inclusion rate is quite a leap of logicReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an...

Source: Financialpost May 02, 2024

Trans Mountain opens 'pretty vast market,' says Cenovus — but it's likely Canada's last pipeline

'It is increasingly difficult to build pipelines in this country,' says CEO Get the latest from Naimul Karim straight to your inbox Sign Up Cenovus Energy Inc. has its eyes set on a “pretty vast market” as it gets set to make the most of the Trans Mou...

Source: Financialpost May 02, 2024

Toronto area condo market rents drop the most in 15 years 

Decrease over six-month period biggest outside pandemic periodThe Greater Toronto and Hamilton Area (GTHA) condo rental market has experienced a significant downturn, marked by the largest six-month decrease in rent prices in the past 15 years.  We ap...

Economy Source: Financialpost May 02, 2024

Posthaste: This cratering GDP number has only ever been seen during a recession

Falling GDP-per-capita has economists calling for Bank of Canada to start cutting rates We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: This cratering GDP number...

Source: BNN Bloomberg May 01, 2024

Hong Kong vies with U.S. in Bitcoin ETF market after crypto's revival

A batch of exchange-traded funds investing directly in crypto debuted in Hong Kong on Tuesday, heralding potential competition for U.S. Bitcoin products whose popularity stoked a record rally in the digital asset. Harvest Global Investments Ltd., the local...

Source: BNN Bloomberg May 01, 2024

Markets today: Wall Street hit by U.S. Fed jitters to close wild April

The stock market sank in the final stretch of April and bond yields climbed on concern that stubborn inflation will force the Federal Reserve to keep interest rates higher for longer. On the eve of the Fed decision, a broad gauge of U.S. labor costs closel...

Source: BNN Bloomberg May 01, 2024

Amazon reports strong cloud unit sales on rising AI demand

Amazon.com Inc.’s cloud unit posted the strongest sales growth in a year, a sign that the retailer’s most profitable unit is recovering from a slump as businesses resume spending on technology projects, including artificial intelligence services.  Despite...

Source: Bankofcanada May 01, 2024

Opening Statement before the Standing Senate Committee on Banking, Commerce and the Economy

Good afternoon. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s M...