Daily News

Company News Source: BNN Bloomberg February 22, 2024

Nvidia gives upbeat forecast as AI reaches 'tipping point'

Nvidia Corp. predicted another massive sales gain for the current quarter, helping justify a stock rally that has turned it into one of the world’s most valuable companies. Revenue in the current period will be about US$24 billion, the company said in a st...

Source: Financialpost February 22, 2024

Franco Terrazzano: Automatic tax filing? Don’t give CRA more power over taxpayers

The agency's job is to collect taxes. If it also files more Canadians' taxes for them, that puts it in a classic conflict of interestTrusting the taxman to do your return is like trusting your dog to protect your burger. We apologize, but this video h...

Source: Financialpost February 22, 2024

Canada's oil boom threatens to bring back pipeline shortages

Producers set to pour half a million barrels of new daily output — more than the total production of some OPEC members — into world marketsCanada’s oil producers are poised to pour about half a million barrels of new daily output — more than the total produc...

Source: Financialpost February 22, 2024

Inflation data is no 'slam dunk' for Bank of Canada rate cut

Watch Dawn Desjardins, chief economist at Deloitte Canada, on the impact of Canada's January inflation numbersDawn Desjardins, chief economist at Deloitte Canada, talks with Financial Post’s Larysa Harapyn about how Canada’s January inflation numbers mean fo...

Source: Financialpost February 22, 2024

Posthaste: There's one big factor keeping the Bank of Canada from cutting rates

High shelter inflation keeping central bank from meeting 2% inflation target, TD says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: There's one big factor keepi...

Source: BNN Bloomberg February 21, 2024

Markets today: Stocks fall before Nvidia’s make-or-break moment

Big tech dragged the stock market away from its all-time highs, with Wall Street awaiting Nvidia Corp.’s earnings on Wednesday for confirmation the chipmaker can meet the lofty expectations set by the artificial-intelligence boom. While the ongoing earning...

Source: Financialpost February 21, 2024

Ottawa's EV subsidies show tax-free fairy tales do come true for some

Kim Moody: Lack of transparency, tax-free handouts and dollar amount taxpayers on the hook for shocking and staggeringReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases...

Source: Financialpost February 21, 2024

'A big positive shift': What economists say about Canada's inflation numbers

Cooling inflation may prompt the Bank of Canada to start cutting rates as early as JuneCanada’s inflation rate for January decelerated to 2.9 per cent, dropping more than economists were predicting and possibly opening a window for the Bank of Canada to star...

Source: Financialpost February 21, 2024

Posthaste: Canada's housing correction has likely run its course, say economists

Home prices should start to climb by mid-year — perhaps even sooner We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canada's housing correction has likely run its...

Source: Financialpost February 21, 2024

Inflation rate slows more than expected, falling within the Bank of Canada's target range

Drop below 3% could prompt central bank to cut rate earlierCanada’s inflation rate slowed to 2.9 per cent in January, marking the first time since June that it has fallen within the Bank of Canada‘s target range of one to three per cent. We apologize,...