Daily News

Source: BNN Bloomberg April 18, 2023

TSX recap: Index finishes 0.30% higher

Canada's main stock index posted a small gain to start the week while U.S. markets also rose in the latter half of the afternoon after sagging for most of the day.  The S&P/TSX Composite Index was up 62.06 points, or 0.30 per cent, at 20,641.97. In New...

Source: BNN Bloomberg April 18, 2023

Ryan Reynolds announces investment in Canadian fintech company Nuvei

Famed actor, producer and entrepreneur Ryan Reynolds is investing in the Canadian fintech industry, with a stake in Nuvei Corporation. The investment was announced in a news release Monday and is the latest in a series of entrepreneurial moves from the act...

Source: BNN Bloomberg April 18, 2023

Toronto exchange fights to keep stock listings in Canada over U.S.

The Toronto Stock Exchange is in a battle to keep Canadian companies listing their shares at home as a stream of firms opts for U.S. exchanges instead. Since 2020, nearly two dozen Canadian-headquartered companies have decided to skip the Toronto exchange...

Source: BNN Bloomberg April 18, 2023

Cathie Wood's Canadian ETF partner, Emerge, hit with trading ban

Investors in Emerge Canada Inc.’s Toronto-listed versions of Cathie Wood’s popular exchange traded funds are stuck in limbo. Regulators slapped the investment firm with trading bans on 11 of its funds — including six Ark Investment Management-partnered fun...

Source: Bankofcanada April 18, 2023

Opening Statement before the House of Commons Standing Committee on Finance

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Monet...

Source: Financialpost April 18, 2023

McDonald's brings back the Hamburglar to promote tweaks to its burgers

Putting softer buns and extra Big Mac sauce on Big Macs and has tweaked cooking process to 'get hotter, meltier cheese' McDonald’s Corp. is bringing back the Hamburglar to help promote minor changes it’s made to the recipes for some of its burg...

Source: Financialpost April 18, 2023

Diane Francis: Justin Trudeau's unaccountable consultocracy

Trudeau spends billions on management consultants because he and his cabinet lack the skills to govern Canada has been turned into a “consultocracy” by Justin Trudeau who spends billions on management consultants because he and his cabinet lack...

Source: Financialpost April 18, 2023

Canada's main inflation indicator will plunge this week: What that means for interest rates

Will interest rates soon follow inflation lower? Get the latest from Stephanie Hughes straight to your inbox Sign Up The inflation story starts a new chapter this week. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe n...

Economy Source: Financialpost April 18, 2023

Trudeau loses trust on economy after run-up in pandemic spending

New poll shows just 27% trust him most among Canada’s political leaders to support economic growth Canadians are souring on Prime Minister Justin Trudeau’s management of public finances, with a new poll showing just 27 per cent trust him most a...

Economy Source: Financialpost April 18, 2023

Theo Argitis: Why economists — not politicians — are raising alarms around immigration

Red flags on housing and return on economic growth One of the most encouraging national polls in recent weeks was a survey done by Nanos Research for Bloomberg News that showed large flows of international migration into Canada continue to be w...