Daily News

Source: Financialpost November 17, 2023

One winner, one loser as the CRA continues its pandemic benefit crackdown

Jamie Golombek: More than 1,000 COVID-19 benefit cases are currently under review by the CRAReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this...

Source: Financialpost November 17, 2023

'Such a difficult life in Canada': Ukrainian immigrants leaving because it's so expensive

High housing costs and underemployment among challengesNot long after Russia began bombing Ukraine, Oleksii Martynenko packed his bags and fled Kremenchuk, a once-tranquil but now war-torn city roughly 190 miles (300 kilometres) from Kyiv. He moved to Stockh...

Source: BNN Bloomberg November 16, 2023

Markets today: S&P 500 tops 4,500 as Treasury euphoria dwindles

Stocks extended their November gains on speculation the Federal Reserve will be able to achieve a soft landing as the U.S. economy remains fairly resilient and inflation shows signs of cooling. The S&P 500 topped 4,500 — though it rose at a slower pace rel...

Market Call Source: BNN Bloomberg November 16, 2023

Dennis da Silva's Top Picks: November 15, 2023

Dennis da Silva, Managing Director and Senior Portfolio Manager, Middlefield Capital Corporation FOCUS: Resource stocks  MARKET OUTLOOK: Yesterday’s U.S. consumer price index (CPI) print reinforced our view that the hiking cycle is likely over, and...

Company News Source: BNN Bloomberg November 16, 2023

Canaccord sees capital markets revenue dive 30% but wealth division gains

After another tough quarter in a two-year string of downbeat reports, Canaccord Genuity Group Inc.’s top executive said he sees some hopeful signs for the firm’s capital markets business. The Canadian investment bank and wealth management company saw reven...

Source: BNN Bloomberg November 16, 2023

TSX recap: Index inches 0.17% higher on tech, battery metals

Strength in battery metal and technology stocks helped outweigh softness in energy, lifting Canada's main stock index on Wednesday, while U.S. stock markets also rose. The S&P/TSX Composite Index closed up 34.17 points, or 0.17 per cent, at 20,057.89 after...

Source: Financialpost November 16, 2023

Deferring CPP and other 'real-life' retirement strategies

Watch personal finance expert Jason Heath on his approach to retirement planningReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Jason...

Source: Financialpost November 16, 2023

Canada home prices slide as homebuyers go into 'hibernation'

Home sales fell almost 6% from September to OctoberHomebuyers are in “hibernation” and some would-be sellers are avoiding the market altogether, the head of Canada’s national real estate association said Nov. 15 upon the release of October figures that showe...

Source: Financialpost November 16, 2023

Elon Musk and Jane Fraser are just some of the CEOs hoping to woo China's Xi

Long-frosty U.S.-China relations show only tentative signs of warmingExecutives from Microsoft Corp., Citigroup Inc., Exxon Mobil Corp. and other large multinationals are converging on San Francisco this week for an audience with Chinese President Xi Jinping...

Source: BNN Bloomberg November 15, 2023

Markets today: S&P 500 up 2% as bets 'Fed is done' sink U.S. yields

Stocks climbed while bond yields sank as an unexpected inflation slowdown bolstered bets the Federal Reserve’s aggressive hiking cycle is now over — and the next move will be a cut in mid-2024. About 95 per cent of the S&P 500 companies rose, with the gaug...