Daily News

Source: BNN Bloomberg November 03, 2022

TSX recap: TSX closes down 1.23%

Canada's main stock index was down more than 240 points by the end of Wednesday after a late-afternoon slump, while U.S. markets took a similar tumble, after another outsized rate hike by the Federal Reserve.  The S&P/TSX Composite Index was down 240.70 po...

Source: BNN Bloomberg November 03, 2022

Alberta carbon market woos speculators as asset manager piles in

A carbon market in oil-rich Alberta is getting an injection of speculative money from an asset manager jockeying to become a top investor on a platform dominated by energy firms. Durum Capital Inc. agreed to boost its holdings of carbon credits to more tha...

Source: BNN Bloomberg November 03, 2022

S&P 500 suffers worst 'Fed day' since January 2021

Stocks sold off as Jerome Powell continued to sound unequivocally hawkish as the Federal Reserve pushed ahead with its most-aggressive tightening campaign since the 1980s to thwart inflation. The S&P 500 suffered its worst rout on a Fed decision day since...

Market Call Source: BNN Bloomberg November 03, 2022

Michael Sprung's Top Picks: November 2, 2022

Michael Sprung, president, Sprung Investment Management FOCUS: Canadian large-cap stocks  MARKET OUTLOOK: Markets continue to be volatile as investors react to forces impacting the economic outlook. The war in Ukraine drags on, prolonging shortages...

Source: Financialpost November 03, 2022

Ottawa willing to accept lower returns, more risk to put $15-billion growth fund to work

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 The fund will inv...

Source: Financialpost November 03, 2022

Ottawa aims to balance fiscal restraint with targeted support amid darkening economic outlook

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 Fall economic sta...

Source: Financialpost November 03, 2022

Ottawa reveals plan for new tax on stock buybacks

The tax plan is expected to increase federal revenues by $2.1 billion over five years The federal government plans to impose a new tax on public companies who pursue share buybacks, a popular way to reward investors and reduce volatility, but o...

Source: Financialpost November 03, 2022

CRA says T4 slips insufficient proof of income for CRB eligibility and judge agrees

Jamie Golombek: Acceptable proof consists of pay slips, employment verification letters, ROE, bank statements and other documentation Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affilia...

Source: BNN Bloomberg November 02, 2022

Trading resumes for the TSX, TSXV and Alpha markets after technical issue

TMX Group Inc. says market activity has resumed for the Toronto Stock Exchange, TSXV and Alpha markets after technical issues halted trading. As of 10:47 am EDT, the stock market operator said in a tweet that the TSX markets were in a “pre-open state” and...

Source: BNN Bloomberg November 02, 2022

TSX recap: Index closes trading 0.47% higher

Canada's main stock index was up by more than 90 points on the first day of the month after a mid-morning trading halt due to a technical problem, while U.S. stocks were down on hotter-than-expected employment data and tech stocks. The S&P/TSX Composite In...