Daily News

Source: BNN Bloomberg January 10, 2024

TSX recap: Index finishes lower amid losses in financial stocks

Weakness in financial stocks Tuesday weighed on Canada's main stock index, which lost more than 100 points, while U.S. markets were mixed.  The S&P/TSX Composite Index closed down 103.93 points, or 0.49 per cent, at 20,970.98. In New York, the Dow Jones...

Source: Financialpost January 10, 2024

Joe Oliver: 2024 could be a pivotal year, politically, economically and culturally

There are signs that cancel culture is in decline and it's possible to say things again that everyone knows to be trueThe year just beginning could be a watershed, with turning points in politics, economics and culture, provided common sense and moral clarit...

Source: Financialpost January 10, 2024

One in five restaurants in Canada at risk as CEBA deadline looms, say advocates

Industry groups call for Ottawa to delay repayment of pandemic loansThe food service industry could be decimated by a wave of closures if the federal government does not extend the Jan. 18 deadline for the repayment of loans under the Canada Emergency Busine...

Source: Financialpost January 10, 2024

'We can't wait to close this': HSBC takeover will bring significant cost savings, says RBC chief

Dave McKay says bank aims to consolidate work on both sides of border to save moneyRoyal Bank of Canada chief executive Dave McKay says he is eager for his bank’s takeover of HSBC’s Canadian operations to close so they can begin an integration that he expect...

Source: Financialpost January 10, 2024

Thinking of leaving Canada? There's more than just personal tax rates to consider

Kim Moody: Climate, location of friends and family, health care, cost of living and more all play a roleReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through l...

Work Source: Financialpost January 10, 2024

More softening ahead for jobs market, but wage hikes, hybrid work to have staying power

Still, much depends on whether Canada plunges into a recessionWorkers will likely cede more power to employers this year as the labour market continues to cool, but that doesn’t necessarily point to a wave of mass layoffs or even the end of working from home...

Source: BNN Bloomberg January 09, 2024

Markets today: big tech leads U.S. stock rebound; Boeing tumbles

A rally in big tech sent U.S. stocks higher at the start of a week that will bring key inflation data and bank earnings. The Nasdaq 100 outperformed, with Nvidia Corp. surging after announcing new products to help the personal computer industry lure consum...

Market Call Source: BNN Bloomberg January 09, 2024

Andrew Pink's Top Picks: January 8, 2024

Andrew Pink, portfolio manager at LDIC FOCUS: Canadian large caps, preferred shares and fixed-income MARKET OUTLOOK: What transpired in 2023? Market breadth was thin. Much of the broad market performance was driven by a small number of stocks and e...

Source: BNN Bloomberg January 09, 2024

TSX recap: Index defies energy weakness, climbs 0.66%

Canada's main stock index rose Monday despite losses in the energy sector, while U.S. markets also gained, led by a more than two per cent rise for the Nasdaq.  It was a strong start to the second week of the year, after last week saw Wall St. break the ni...

Source: Financialpost January 09, 2024

These are the big questions facing Canada's Big Six Banks in 2024

RBC holds CEO conference on Tuesday — the industry's first big event of the yearInterest rates, capital buffers and expense management are among the leading issues facing Canada’s biggest banks in 2024. But in the view of National Bank of Canada analyst Gabr...