Daily News

Source: Financialpost October 19, 2023

Arthur Irving out as chairman of Irving Oil in wake of strategic review

Arthur's daughter Sarah Irving, previously listed as executive vice-president and chief brand officer, also no longer on leadership team One of the scions of New Brunswick’s powerful Irving family has left his leadership role with Irving Oil Ltd. Arthur...

Source: Financialpost October 19, 2023

Tax the rich? It would be far better to improve the whole taxation system

Kim Moody: Canada should be trying to attract more high-income earners and wealthy peopleReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this pa...

Source: Financialpost October 19, 2023

Top headlines: Impact Assessment Act ruling could reset energy policy landscape: CAPP

The latest business news as it happensToday’s top headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: Impact Assessment Act ruling could reset energy p...

Source: BNN Bloomberg October 18, 2023

Treasury yields climb as hot data fuel U.S. Fed wagers

Treasury yields climbed and stocks struggled after solid economic reports reinforced the case for the Federal Reserve to keep interest rates higher for longer. Two-year U.S. yields hit the highest since 2006, while those on 10-year notes jumped 13 basis po...

Source: BNN Bloomberg October 18, 2023

TSX recap: Index climbs 0.37% on strength in metals

Strength in base metals and battery metals stocks helped Canada's main stock index eke out a small gain Tuesday, while U.S. stock markets were mixed on the heels of a report on retail sales. In Canada, the latest data on inflation showed more of a slowdown...

Market Call Source: BNN Bloomberg October 18, 2023

Gordon Reid's Top Picks: October 17, 2023

Gordon Reid, president and CEO, Goodreid Investment Counsel FOCUS: U.S. equities  MARKET OUTLOOK: After a strong start to the third quarter, financial markets wilted in the final couple of months. Paradoxically, the reason rests largely with the st...

Source: Financialpost October 18, 2023

Canada's inflation cools more than expected, easing pressure on the Bank of Canada

Rate hikes likely at an end after broad-based deceleration in prices, say economistsCanadian consumers got something of a reprieve in September, with inflation moderating to a 3.8 per cent annualized pace, down from four per cent a month before. That 3.8 pe...

Source: Financialpost October 18, 2023

Top headlines: Freeland announces steps to make banking more affordable

The latest business news as it happensToday’s top headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: Freeland announces steps to make banking more aff...

Source: Financialpost October 18, 2023

'Next move likely an interest-rate cut' — What economists say about the latest inflation numbers

The odds of further rate hikes from the Bank of Canada shrink dramatically after consumer price index coolsCanada’s inflation rate cooled more than expected in September to an annual pace of 3.8 per cent in a broad-based easing that economists say should giv...

Company News Source: BNN Bloomberg October 17, 2023

Lululemon's S&P 500 addition stands to bolster stock domination

Lululemon Athletica Inc. climbed Monday following news that the athleisure company will join the S&P 500 Index, notching its seventh straight session of gains and extending its outperformance this year. The stock rose 10 per cent to close at $416.64, the h...