Daily News

Source: BNN Bloomberg February 09, 2024

Fairfax Financial shares down after report by short seller Muddy Waters Research

Shares of Fairfax Financial Holdings Ltd. were down almost 12 per cent Thursday after a short seller alleged the company manipulated asset values. In a report, Muddy Waters Research, which said it was short Fairfax, said it believed a conservative adjustme...

Source: Financialpost February 09, 2024

Spillover effect from strong U.S. economy could boost Canadian mortgage rates

Canadian bond yields are getting caught in the updraft as economic strength down south sparks fears inflation could reigniteIt seems central bankers can’t keep the United States economy down — despite a 23-year high in the world’s most important interest rat...

Source: Financialpost February 09, 2024

BCE cutting 4,800 jobs, selling 45 radio stations

Radio no longer a 'viable business,' Bell's chief legal and regulatory officer saysBCE Inc. is selling off 45 of its 103 regional radio stations as it cuts nine per cent of its workforce, including journalists and other workers at its Bell Media subsidiary....

Source: Financialpost February 09, 2024

Posthaste: Buyer's remorse? Homeowners in these cities are counting their losses

Where home prices fell the most in Canada We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Buyer's remorse? Homeowners in these cities are counting their losses Ba...

Source: Financialpost February 09, 2024

‘A time of crisis’: Here's what you need to know about the Bell Canada layoffs

BCE will be cutting its workforce by 9%, which is approximately 4,800 positionsBCE Inc. announced major layoffs at Bell Canada on Thursday following the release of its 2023 fourth quarter and full year earnings results. The move is expected to save the compa...

Source: Financialpost February 09, 2024

New CRA rules around working from home make it harder to claim expenses

Jamie Golombek: The 'simplified method' of claiming home-office expenses is no longer available for the 2023 tax yearReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases m...

Source: BNN Bloomberg February 08, 2024

Markets today: S&P 500 near 5,000 as U.S. stocks climb 'wall of worry'

The historic rally in U.S. stocks continued to power ahead, with the S&P 500 closing within a striking distance of its 5,000 milestone.  Gains on Wednesday were fueled by a renewed surge in tech megacaps and a strong sale of 10-year Treasuries that dimmed...

Source: BNN Bloomberg February 08, 2024

Markets today: Stocks climb 'wall of worry' with S&P near 5,000

  The S&P 500 came within a striking distance of its 5,000 milestone as tech megacaps rallied and a strong sale of 10-year Treasuries dimmed supply concerns. Bonds were little changed. Equities extended a torrid surge from their October 2022 lows on pro...

Personal Finance Source: BNN Bloomberg February 08, 2024

What young investors need to know about RRSPs

With the deadline for contributions to a registered retirement savings plan (RRSP) approaching, experts say there are specific considerations for younger investors who are deciding where to allocate their money. Feb. 29 is the RRSP deadline for investors l...

Source: BNN Bloomberg February 08, 2024

Three tech stocks positioned to run with AI: portfolio manager

Many technology companies that have embraced artificial intelligence (AI) have seen their share prices rise in recent months, and a portfolio manager says he believes the industry has even more room to grow. Shane Obata of Middlefield Capital Corporation s...