Daily News

Source: Financialpost February 18, 2024

Loblaw, Walmart urged to sign grocery code or risk legislation

Both companies have said they will not sign the code, warning it could raise prices for CanadiansOTTAWA — The House of Commons committee studying food prices is urging Loblaw Cos. Ltd. and Walmart Inc. to sign on to the grocery code of conduct or risk having...

Source: Financialpost February 18, 2024

TD Bank to pay $16 million to settle insufficient funds class-action lawsuit

But scrutiny grows on sector to cut or eliminate chargesTORONTO — The high cost of not having enough money is being brought into focus by a class-action lawsuit at one of the country’s largest banks. We apologize, but this video has failed to load. Tr...

Source: Financialpost February 18, 2024

What you should be doing for your 2023 tax return right now

Tax expert Jamie Golombek offers tips on CRA deadlines and changesReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Tax season is fast...

Source: Financialpost February 18, 2024

Why market bets on interest rate cuts are slipping

Watch: Earl Davis of BMO Global Asset Management unpacks why investors are scaling back their interest-rate-cut expectationsEarl Davis, head of fixed income at BMO Global Asset Management, talks with Financial Post’s Larysa Harapyn about how data on inflatio...

Source: BNN Bloomberg February 17, 2024

Markets today: Wall Street ends wild week on sour note after PPI

  The world’s biggest bond market extended this year’s selloff and stocks dropped from a record on speculation that the U.S. Federal Reserve will be in no rush to cut interest rates. Another report signalling inflation is showing signs of being “stickie...

Source: BNN Bloomberg February 17, 2024

Rate-cut delays are a headwind for Canadian stocks, IG strategist Petursson warns

Canada’s main equity index is poised to struggle if investors determine that central banks are going to delay rate cuts for a while, IG Wealth Management’s chief investment strategist said. Traders have become less optimistic that policymakers will lower b...

Source: BNN Bloomberg February 17, 2024

Three small-cap industrial stocks to consider: portfolio manager

Small-cap industrial stocks have climbed alongside broader equity markets over the last few months, and are now narrowly lagging behind the S&P 500, but an expert says the sector has more room to run. Dan Skubiz, senior portfolio manager at Ziegler Capital...

Source: BNN Bloomberg February 17, 2024

The Week Ahead: January inflation data, Loblaws earnings

Monday, Feb. 19 Family Day in Canada, Presidents' Day in U.S. Stock and bond markets are closed in Canada and U.S. Tuesday, Feb. 20 Canadian inflation data for January NB/Teranet new home price index Earnings: Home Depot, Walmart, iA f...

Source: BNN Bloomberg February 17, 2024

Canadian investment in foreign securities hits all-time high

Canadians bought up a record amount of foreign securities at the end of last year as investors piled into U.S. stocks.  Investment in securities outside the country hit $29.4 billion in December, according to data released Friday by Statistics Canada. That...

Source: BNN Bloomberg February 17, 2024

TSX recap: Index ekes small gain on strength in base metals, telecom

Strength in base metals and telecom helped Canada's main stock index post a small gain Friday, while U.S. markets moved lower.  The S&P/TSX composite index closed up 32.92 points, or 0.16 per cent, at 21,255.61. In New York, the Dow Jones Industrial Ave...