Daily News

Source: Financialpost March 21, 2023

Bank of Canada and its peers stir memories of the 2008 financial crisis: What you need to know

So far, memories have been more powerful than anything the central banks have had to do in real life The Bank of Canada rarely issues press releases on a Sunday, so the notice that went out on March 19 caused a stir. THIS CONTENT IS RES...

Source: Financialpost March 21, 2023

Nearly half a million dollars paid to 'insider' whistleblower in Ontario case

Ontario market watchdog has paid out $9.33 million to whistleblowers since 2016 A whistleblower who tipped the Ontario Securities Commission about wrongdoing at an organization where they worked has been paid a reward of nearly half a million d...

Source: Financialpost March 20, 2023

Opinion: It’s past time to reform capital gains tax. But how exactly?

Higher capital gains tax would be the most effective way to make those with the highest incomes bear a larger share By Rhys Kesselman THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and a...

Source: Financialpost March 20, 2023

Bank of Canada joins Fed and other central banks in new liquidity measures to ease banking turmoil

Move follows Swiss rescue of Credit Suisse and signals depth of concern over the global financial system Some of the world’s largest central banks came together on Sunday to stop a banking crisis from spreading as Swiss authorities persuaded UB...

Source: Bankofcanada March 19, 2023

Coordinated Central Bank Action to Enhance the Provision of U.S. Dollar Liquidity

The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provisi...

Source: Financialpost March 19, 2023

Layoffs can take surreal turn when HR department faces the axe

Shedding HR workers is trickier than a typical corporate cull Layoffs are a difficult part of an HR professional’s job. That’s especially true when they come in their own department. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscri...

Source: BNN Bloomberg March 18, 2023

U.S. tech logs best week in 2023 as bank stocks tremble

Technology stocks were the beneficiary of a tumultuous week for global markets as concern mounted that the turmoil rocking the banking sector will tip the global economy into recession. The Nasdaq 100 rose 5.8 per cent to notch its best week since November...

Source: BNN Bloomberg March 18, 2023

Investing in natural gas producers: Three hot picks from Jonnathan Handshoe

The price of natural gas has come under pressure this year, but one analyst says that will not be the case for much longer. In an interview with BNN Bloomberg’s Amber Kanwar on Friday Jonnathan Handshoe, equity research analyst at CFRA Research, said there...

Source: BNN Bloomberg March 18, 2023

Markets slump Friday as investors grapple with banking fallout and rate uncertainty

Financial markets have flip-flopped all week as a global crisis in confidence over the banking sector has led to a dramatic shift in expectations for central banks' fight against inflation, and has made a recession more likely. The S&P/TSX Composite was do...

Source: BNN Bloomberg March 18, 2023

TSX recap: Index finishes 0.77% lower amid losses in industrials stocks

Canada's main stock index closed down over 150 points Friday, with U.S. indexes also posting losses, as the globe continued to grapple with a crisis of confidence in the financial system triggered by two U.S. bank failures.  The S&P/TSX Composite Index was...