Daily News

Source: BNN Bloomberg July 14, 2023

TSX recap: Index finishes 1.03% higher amid gains in tech stocks

Canada's main stock index gained more than 200 points Thursday, led by strength in tech, metals, financials and utilities, while U.S. markets also rose.  The S&P/TSX Composite Index was up 206.87 points, or 1.03 per cent, at 20,277.64. In New York, the...

Company News Source: BNN Bloomberg July 14, 2023

Cogeco reports loss in third quarter, Cogeco Communications earns $95.9 million

Cogeco Inc. reported a loss attributable to shareholders of $34.5 million in the third quarter, down from earnings of $37.5 million during the same period a year ago.  The company says its loss for the third quarter attributable to shareholders is mainly d...

Source: Financialpost July 14, 2023

Hydro-Québec's looming power shortage seen threatening climate goals

Experts doubt the utility can meet demand at home and abroad without serious compromises Skepticism about Hydro-Québec’s ability to meet rising local demand for green electricity has some concerned that not only will power rates in the province...

Source: Financialpost July 14, 2023

Theo Argitis: Why the Bank of Canada is likely to overdo it in the fight against inflation

Indebted Canadians should continue to brace themselves Credibility is hard to earn but easy to lose. After losing quite a bit of it over the past year, the Bank of Canada is working hard to get it back. THIS CONTENT IS RESERVED FOR SUBS...

Source: Financialpost July 14, 2023

Court backs CRA in rejecting Montreal couple's $54,000 moving expense claim

Jamie Golombek: Moving closer to work isn't enough to claim expenses Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page....

Source: BNN Bloomberg July 13, 2023

Bond yields fall on bets U.S. Fed nearing end of hikes

Treasury yields fell and stocks rose as data showing a slowdown in inflation bolstered speculation the Federal Reserve is close to ending its rate hikes. The S&P 500 finished at its highest since April 2022, while the Nasdaq 100 outperformed. Two-year yiel...

Source: Financialpost July 13, 2023

More than 1,000 Canadians take CRA to court over CERB payments — and some win

'The federal government just uses this system to rip people off' Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. In l...

Source: Financialpost July 13, 2023

Rate hike to squeeze homeowners, put pressure on house prices

People with variable rate mortgages to be hit hardest, experts say Homeowners, particularly those with variable rate mortgages, are in for another dose of financial pain after the Bank of Canada raised interest rates for the third time this yea...

Source: Financialpost July 13, 2023

Shopify doubles down on meeting purge by shaming employees with cost calculator

Time is money, and Shopify wants workers to know that applies to pointless meetings Time is money, and Shopify Inc. wants its workers to understand that maxim applies to pointless meetings, too. THIS CONTENT IS RESERVED FOR SUBSCRIBERS...

Source: Financialpost July 13, 2023

Big banks raise prime rate to 7.2% after Bank of Canada hike

RBC and TD first to announce increase Canada’s big banks have started to increase their prime rate after the Bank of Canada raised its benchmark interest rate to five per cent. We apologize, but this video has failed to loa...