Daily News

Source: BNN Bloomberg June 28, 2024

Cost cutting continues at BlackBerry as firm reports US$42-million net loss in Q1

BlackBerry Ltd.'s chief executive says the company's preparations to divide up its business have so far produced millions in savings and put the business on a path to profitability. John Giamatteo told analysts Wednesday that the Waterloo, Ont.-based tech...

Source: BNN Bloomberg June 28, 2024

Markets today: Treasuries climb as data embolden bets on soft PCE

The world’s largest bond market rose after the latest batch of economic reports reinforced speculation the Federal Reserve will be able to cut interest rates this year to prevent a bigger U.S. slowdown. Traders gearing up for the Fed’s favoured inflation g...

Source: BNN Bloomberg June 28, 2024

B.C. Investment Management earned 7.5% annual combined pension plan return

British Columbia Investment Management Corp. says it earned an annual combined pension plan return of 7.5 per cent for its latest year. However, the result fell short of BCI's benchmark which was boosted by the strength of the largest tech stocks and poste...

Source: BNN Bloomberg June 28, 2024

Bankers say 2024 M&A is just good when 'it should've been great'

A flurry of megadeals early in the year failed to translate into a sustained recovery in mergers and acquisitions, after the momentum was stymied by skittish central banks and geopolitical unease. The value of deals globally stands at roughly US$1.4 trilli...

Market Call Source: BNN Bloomberg June 28, 2024

Lorne Steinberg's Top Picks: June 27, 2024

Lorne Steinberg, president, Lorne Steinberg Wealth Management FOCUS: Global value stocks, high-yield bonds  MARKET OUTLOOK: Market sentiment remains focused on inflation and the possibility of interest rate cuts, especially in the U.S.  While infla...

Source: Financialpost June 28, 2024

Posthaste: In British Columbia, parents are forking out $204,000 on average so their kids can buy a home

Family help to get on the property ladder has become the norm in Canada with the size of gifts soaring We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: In British Col...

Source: Financialpost June 28, 2024

Canadian oil exports stop in California to save money

More than 55 per cent oil from the expanded pipeline first journeyed south to California, where it's transfered onto crude carriersCanada’s newest oil pipeline has turbo-charged exports of the country’s heavy crude to Asia and a diversion through California...

Source: Financialpost June 28, 2024

Who covers the gas tax when the electric revolution hits?

Alberta slipped EV owners a bill for $200 to account for the wear and tear on roads their cars cause Get the latest from Gabriel Friedman straight to your inbox Sign Up Canadians have been standing at filling stations for decades, so they’re probably...

Source: Financialpost June 28, 2024

CRA, courts clamp down on siblings who spent company funds on personal travel

Disallow nearly $500,000 in write-offs put through family's Ontario dairy businessReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. One...

Source: Financialpost June 28, 2024

Fixed rates drop again; three-year mortgages remain biggest crowd-pleaser

For those not requiring short-term financing, one- and two-year mortgages are still too expensiveFixed mortgage rates slid again this week. The lowest nationally advertised uninsured two-year and five-year fixed rates dipped 11 and 10 basis points, respectiv...