Daily News

Source: Financialpost June 02, 2023

How changes to the alternative minimum tax system could affect Canadians

Jamie Golombek: High-income earners and people with once-in-a-lifetime gain from property, business sale may be affected Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission...

Source: Financialpost June 02, 2023

Home construction is slowing — and that's bad news for buyers and Justin Trudeau

Liberal government's plan to boost immigration is about to collide with a housing affordability crisis TORONTO — Canada’s residential construction activity has slowed in recent months due to a tight labour market and higher borrowing costs, a f...

Source: Financialpost June 02, 2023

Commodities are crashing, signalling disinflation is taking hold for now

The cost of some of the world’s most important products is crashing, bringing long-awaited relief for consumers From copper to wheat to natural gas, the cost of some of the world’s most important products is crashing, bringing long-awaited reli...

Source: Financialpost June 02, 2023

China is drilling a 10,000-meter-deep hole into the Earth

The world’s second largest economy explores new frontiers below the planet’s surface Chinese scientists have begun drilling a 10,000-meter (32,808 feet) hole into the Earth’s crust, as the world’s second largest economy explores new frontiers a...

Source: Financialpost June 02, 2023

Outgoing CEO of Canadian construction giant says finding workers will be his successor's biggest job

Geoff Smith says EllisDon has had to shift focus multiple times since the pandemic The outgoing chief executive of one of Canada’s largest construction services companies says his priority during his tenure was hunting for clients, but that his...

Source: BNN Bloomberg June 01, 2023

Funded deals, investment totals fall as VCs adjust to new normal: BDC

Canada's venture capitalists settled into a new normal marked by fewer and more cautious investments last year — and a new report suggests the pattern will continue. Business Development Bank of Canada (BDC) said Wednesday that venture capital lending, whi...

Market Call Source: BNN Bloomberg June 01, 2023

Eric Nuttall's Top Picks: May 31, 2023

Eric Nuttall, partner and senior portfolio manager, Ninepoint Partners FOCUS: Energy stocks  MARKET OUTLOOK: Never before has the chasm between narrative and reality been so wide. As investors maniacally fret over a recession, countries like China...

Source: BNN Bloomberg June 01, 2023

U.S. Treasury yields slide; banks weigh on stocks

Treasury yields dropped after some Federal Reserve officials signaled a potential pause in interest-rate hikes as early as June. Two-year rates, which are more sensitive to imminent Fed moves, slumped seven basis points to 4.38 per cent. The S&P 500 pared...

Source: BNN Bloomberg June 01, 2023

What does Nvidia's success mean for Canadian firms and the broader industry?

Following Nvidia Corp. reaching a new market capitalization threshold, experts say some Canadian companies and those with large amounts of data are poised to benefit from AI enthusiasm. Nvidia hit a US$1 trillion market capitalization Tuesday, becoming the...

Source: Financialpost June 01, 2023

Stellantis EV battery plant could cost Canada $19 billion in subsidies

Price tag may reach as much as $19 billion over a decade, far exceeding the $13 billion promised to Volkswagen Stellantis NV is likely to receive more in subsidies for a new electric-vehicle battery plant in Canada than the $13 billion Volkswag...