Daily News

Source: Financialpost December 31, 2022

Apocalypse now? Canadians turn to cash as a hedge against chaos

A Bank of Canada report suggests cash has become something to hoard, rather than spend Instead of killing cash, the pandemic might have saved it. We apologize, but this video has failed to load. Try refreshing your brow...

Source: BNN Bloomberg December 30, 2022

U.S. stocks post month’s best day as rate surge fades

U.S. stocks rose in a broad-based rally and Treasury yields fell as data allayed fears of a supercharged jobs market that would support a more aggressive policy path. A gauge of the dollar fell. The S&P 500 notched their biggest one-day gain this month, al...

Source: BNN Bloomberg December 30, 2022

Emerging market investors need to be very cautious about China: Mark Mobius

Investors looking to profit from emerging markets in the long term should keep a close eye on the China’s relations with Taiwan, a veteran money manager warned.    “There’s no question that China needs more capital. They need foreigners to come in and provi...

Source: BNN Bloomberg December 30, 2022

Tesla’s worst-ever year brings US$17 billion windfall for shorts

After years of stinging losses, investors betting against Tesla Inc. are finally reaping the windfall they’ve been expecting. With Chief Executive Officer Elon Musk — and some of his top lieutenants — distracted by his Twitter foray and demand for Tesla’s...

Technology Source: BNN Bloomberg December 30, 2022

These are the stocks that kept investors up at night in 2022

 It’s been a year of historic selloffs for U.S. equities. Marked by surging inflation, jumbo-sized interest rate hikes, a darkening outlook on corporate earnings and recession clouds, the S&P 500 Index has lost 21 per cent, on pace for its biggest slump si...

Source: BNN Bloomberg December 30, 2022

TSX recap: Index closes up 1.05%

Canada's main stock index more than recovered Wednesday's losses as it gained more than one per cent in trading Thursday, while U.S. markets also rebounded. The S&P/TSX Composite Index was up 201.79 points, or 1.05 per cent, at 19,485.89. Sign up to...

Source: Financialpost December 30, 2022

Independent assessment of Paramount Fine Foods ordered by judge in long-running dispute

'The deadlock must be broken, or all hands will go down with the ship' A judge has ordered boardroom changes and an independent assessment of Paramount Fine Foods’ financials to resolve a paralyzing dispute between prominent businessman Mohamad...

Source: Financialpost December 30, 2022

Extreme cold weather knocks out Suncor refinery until next March

Colorado facility represents 21% of Suncor's refining capacity Extreme cold weather in the United States has knocked out operations at Suncor Energy Inc.’s Commerce City refinery in Colorado until late March. We apologi...

Source: Financialpost December 30, 2022

'Woke people have taken over': Home Depot's billionaire co-founder Bernie Marcus is worried about capitalism

93-year-old co-founder of the DIY chain laments the lack of risk-taking in today’s business world Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made th...

Source: Financialpost December 30, 2022

11 tax changes and new rules that will affect your finances in 2023

Jamie Golombek: Many important tax figures have been substantially increased for 2023 Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links...