Daily News

Source: BNN Bloomberg July 09, 2024

Bruce Murray's Top Picks: July 8, 2024

Bruce Murray, CEO and CIO of Murray Wealth Group FOCUS: North American growth stocks MARKET OUTLOOK: After a very solid first half where the S&P 500 Index's total return was 15.3 per cent, we at Murray Wealth Group expect the bull market to continu...

Source: BNN Bloomberg July 09, 2024

Markets today: S&P 500 ekes out gain to notch 35th record in 2024

Stocks closed at all-time highs in a cautious session that saw traders gearing up for Jerome Powell’s testimony to US lawmakers and the start of the earnings season. With a mere 0.1 per cent advance, the S&P 500 notched its 35th record this year. Some of t...

Source: BNN Bloomberg July 09, 2024

Hedge funds bet against gasoline in the middle of driving season

(Bloomberg) -- Hedge funds increased their bearish bets against gasoline prices to the highest in seven years after this year’s summer driving season has delivered only tepid demand so far. Money managers’ short-only positions in gasoline rose by 5,093 lots t...

Source: Financialpost July 09, 2024

Theo Argitis: Carney speculation summer mirage for disgruntled corporate Canada

For many in Canadian business, a federal election cannot come soon enoughIn the maelstrom of political upheaval that has characterized the past couple of weeks, amid the dozens of stories chronicling Justin Trudeau’s precarious standing, one report must have...

Source: Financialpost July 09, 2024

Posthaste: Obstacles to the Bank of Canada cutting rates are fading — except for this one

There is one thing that could be a fly in the ointment on July 24 We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Obstacles to the Bank of Canada cutting rates are f...

Source: Financialpost July 09, 2024

You may qualify for this valuable tax credit without even knowing it

Jason Heath: Onus is on taxpayer to show they are eligible for disability tax creditReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. T...

Source: Financialpost July 08, 2024

Thinking about leaving Canada? Here are the financial considerations you need to know

Leaving Canada without prudent planning could see assets taxed at rates of more than 50 per centReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on...

Source: Financialpost July 08, 2024

Nearly 40% of new Canadians are considering moving due to housing costs

Alberta the preferred destination among those who want to move but stay in CanadaNearly 40 per cent of recent immigrants to Canada are considering moving to another province or leaving the country altogether due to a lack of housing affordability, a recent p...

Source: Financialpost July 07, 2024

Canadian uranium miner’s shares dive after Niger pulls permit

The African country has forged closer ties with Russia since a coup last year, paving the way for Moscow to seek access its mining interestsGoviEx Uranium Inc., a Canadian company that mines in Niger, plunged after reporting that the West African nation’s mi...

Source: Financialpost July 07, 2024

Philip Cross: Canada's 'energy blindness' must end

A flawed energy strategy means our country now has to import electricityIn its monthly update on energy trends, Statistics Canada reported this week that this year, for the first time ever, Canada has become a net importer of electricity. The switchover in o...