Daily News

Source: Financialpost January 13, 2023

'A mad rush': How Loblaws' fight with FritoLay forced Neal Brothers to up its snack-food game

Loblaws deal led to Neal Brothers merger with rival distributor Jonluca Enterprises About this time last year, Neal Brothers Foods caught a break. Its biggest customer, and the largest grocery chain in Canada, Loblaw Cos. Ltd., squared off agai...

Source: Financialpost January 13, 2023

The CRA is cracking down on COVID-19 benefit payments as this taxpayer found out

Jamie Golombek: Three CRA reviews found taxpayer couldn't claim CRB based on income from an Airbnb rental Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases...

Source: BNN Bloomberg January 12, 2023

U.S. stocks end on high note with 'risk-on' CPI wagers

Wall Street traders betting that further inflation softening could bolster the case for a Federal Reserve downshift drove a rally in both stocks and bonds. Investors looked beyond the drumbeat of hawkish Fedspeak, a potentially miserable stretch of earning...

Source: BNN Bloomberg January 12, 2023

TSX recap: Index finishes 0.63% higher amid broad gains

Canada's main stock index closed higher in broad gains as commodities rose, while U.S. stock markets also ended up a day before the release of key inflation data.  The S&P/TSX Composite Index ended up 126.19 points, 0.63 per cent, at 20,025.05.  In New...

Market Call Source: BNN Bloomberg January 12, 2023

Gordon Reid's Top Picks: January 11, 2023

Gordon Reid, president and chief executive officer, Goodreid Investment Counsel    FOCUS: U.S. equities   MARKET OUTLOOK: Investors worldwide were bloodied in 2022, the result of central bankers raising interest rates in an effort to tame inflation...

Source: Financialpost January 12, 2023

People are leaving Canada's biggest cities amid a housing crunch

Cities getting bigger, more expensive, forcing hundreds of thousands to search for affordable housing elsewhere Canada’s largest cities are getting bigger and more expensive, forcing hundreds of thousands of people to search for affordable hous...

Source: Financialpost January 12, 2023

Canadian bank stocks' reputation for outperformance takes a beating

After a string of lacklustre results, investors may be rethinking their blind faith in the sector Canadian bank stocks have earned a reputation for being outperformers over the years, but a string of lacklustre showings may have some investors...

Source: Financialpost January 12, 2023

Posthaste: Housing market bottom is within sight, TD says

Declines in home prices and sales expected to hit a floor in first few months of the year Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through li...

Economy Source: Financialpost January 12, 2023

Brett House: Canada's greying economy needs more employee ownership

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Add retiring entr...

Source: BNN Bloomberg January 11, 2023

U.S. stocks bounce back with brewing optimism over CPI

Stocks rose on bets the upcoming consumer price index will show further softening, which could help build the case for the Federal Reserve to slow its pace of rate hikes — even as some officials say it’s too early to declare victory over inflation. Sign...