Daily News

Source: Financialpost December 29, 2023

David Rosenberg: Why the so-called soft landing is just the calm before the storm

The biggest worry of the new year is that precious few investors are prepared for the inevitable downturnAs we exit 2023, all I can think of is how it was a year replete with dichotomies and divergences. An unprecedented gap emerged between real gross domest...

Commodities Source: BNN Bloomberg December 28, 2023

Oil price news: oil falls from one-month high on thin trading, weak technicals

Oil retreated from its highest close in almost a month as key technical gauges flashed weakness amid thin holiday trading.  West Texas Intermediate fell by 1.9 per cent to settle near US$74 a barrel after closing at the strongest level since November in th...

Market Call Source: BNN Bloomberg December 28, 2023

Kim Bolton's Top Picks: December 27, 2023

Kim Bolton, president and portfolio manager, Black Swan Dexteritas FOCUS: Technology stocks  MARKET OUTLOOK: With a nearly fully invested stock portfolio and a vigilant hedging strategy, our fund minimized drawdowns, lessened the portfolio’s volati...

Source: BNN Bloomberg December 28, 2023

TSX recap: Index climbs 0.65% in post-Christmas trading

Canada's main stock index closed higher on its first day of trading after Christmas, while U.S. stock markets were also up after wavering earlier in the day. The S&P/TSX Composite Index was up 134.72 points, or 0.65 per cent, at 21,015.91. In New York,...

Source: Financialpost December 28, 2023

Howard Levitt: How generous holiday bonuses can come back to haunt employers

Howard Levitt and Gregory Sills: If discretionary nature of bonus policy isn't made clear, payouts could be considered part of regular incomeBy Howard Levitt and Gregory Sills We apologize, but this video has failed to load. Try refreshing your browse...

Source: Financialpost December 28, 2023

'Seized the moment': Watershed year for EVs paving way for billions in new investment, Champagne says

In an end-of-year interview, Francois-Philippe Champagne talks battery-plant deals, sends message to junior miners looking to China for money Get the latest from Naimul Karim straight to your inbox Sign Up It has been a busy year for Industry Minister...

Source: Financialpost December 28, 2023

Banks shed 60,000 jobs in one of worst years for cuts since financial crisis

Trend set to continue over coming year amid subdued deal making and listing activityGlobal banks eliminated more than 60,000 jobs in 2023, marking one of the heaviest years for cuts since the financial crisis and reversing much of their hiring as they emerge...

Source: Financialpost December 28, 2023

These 5 Income Tax Act provisions need to be amended or eliminated altogether

Kim Moody: Canadians deserve better than an income tax system filled with simple and silly political gesturesReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made thro...

Source: Financialpost December 28, 2023

Interest rate cuts will be the story of 2024 — what that means for mortgages and more

Ted Rechtshaffen: Bank of Canada rate cuts will be cause for celebration for manyThe Bank of Canada overnight rate started 2023 at 4.25 per cent and will finish the year at five per cent, for a rise of 0.75 per cent after a rise of four per cent in 2022. I b...

Source: Financialpost December 27, 2023

6-year-old boy traveling to visit grandma for Christmas put on wrong Spirit flight

FORT MYERS, Fla. (AP) — A 6-year-old boy who left on a flight for the Christmas holiday to visit his grandmother in southwest Florida instead was put on the wrong plane and ended up 160 miles away in Orlando, Florida. We apologize, but this video has...