Daily News

Source: Financialpost November 10, 2023

$100,000 a year is no longer a living wage for a family in Calgary: report

Hourly wage needed to cover basic expenses in Calgary for 2023 is $23.70. Alberta's minimum wage remains $15/hourA family of four — two parents, two children — living in Calgary on a combined $100,000 per year once sounded comfortable. That’s no longer the...

Source: Financialpost November 10, 2023

Posthaste: There's a new crisis looming in a commodity 400 times bigger than oil

Report warns world risks running out of freshwater by 2040 It’s something we use everyday — couldn’t survive without, actually — and often take for granted. Yet freshwater could run out by 2040 at our current rate of consumption, says a report by BofA Glo...

Source: Financialpost November 10, 2023

Higher-income earners will soon contribute more to CPP, but get more too

Jamie Golombek: A second CPP contribution rate and earnings ceiling is being introduced in 2024Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on t...

Source: Financialpost November 10, 2023

Interest rates may stay higher for good: Bank of Canada's Carolyn Rogers

Rogers warns rates may not return to low levels people were used to before pandemicThe Bank of Canada’s No. 2 official urged preparation for interest rates staying elevated for longer. We apologize, but this video has failed to load. Try refreshing yo...

Economy Source: Financialpost November 10, 2023

Holiday job postings down from last year amid slowing economy

Down 30% from last yearTORONTO — Canadian postings for seasonal holiday jobs are down 30 per cent from a year ago so far, according to Indeed, amid a softening economy and cooling labour market. We apologize, but this video has failed to load. Try ref...

Source: BNN Bloomberg November 09, 2023

Markets today: Wall Street rally fades with Fedspeak in focus

U.S. stocks, bonds and the dollar saw small moves Wednesday, with traders focused on a parade of U.S. Federal Reserve speakers to see whether the central bank will continue to dampen the market’s dovish narrative. The S&P 500 edged higher after a powerful...

Source: BNN Bloomberg November 09, 2023

Markets today: S&P 500 ekes out gain amid signs of buyer fatigue

Stocks saw small gains in the final stretch of trading, with traders awaiting Jerome Powell’s remarks to see whether he’ll dampen Wall Street’s dovish narrative. Bonds rose in a busy week for debt sales. While the pace of the equity rally waned, the S&P 50...

Market Call Source: BNN Bloomberg November 09, 2023

Jamie Murray's Top Picks: November 8, 2023

Jamie Murray, portfolio manager and head of research, Murray Wealth Group FOCUS: North American equities MARKET OUTLOOK: With third-quarter earnings almost in the bag, companies have reported earnings beats mostly in line with historical levels. Ea...

Source: Bankofcanada November 09, 2023

Getting used to higher interest rates

Senior Deputy Governor Carolyn Rogers talks about why interest rates could settle at a higher level than Canadians are used to and why preparing early for that possi...

Source: Financialpost November 09, 2023

Companies turn stingy on severance for laid-off employees

Just 42% of global employers offered severance to all laid-off employees this yearSome workplace trends that became more popular during the pandemic have endured, like remote work. More generous severance benefits are not among them. We apologize, but...