Daily News

Source: BNN Bloomberg June 24, 2023

TSX recap: Index finishes 0.83% lower amid losses in base metal stocks

Canada's main stock index dropped on Friday as the price of oil stayed below US$70 a barrel and losses in the base metal and battery metal stocks weighed on the Toronto market. The S&P/TSX Composite Index was down 162.67 points, or 0.83 per cent, at 19,418...

Source: Financialpost June 24, 2023

Terence Corcoran: A malicious smear job — What does Mein Kampf have to do with Canadian media?

Author's views are wrong, often inconsistent and ultimately a threat to principles of press freedom, writes Terence Corcoran A sure indicator that an anti-capitalism author is about to drive his ideological semi-trailer off the highway and into...

Source: Financialpost June 24, 2023

Jack Mintz: Mega-subsidies for some companies, new taxes for others sets Canada up for skewed economic growth

Market failure? Advocates of industrial policy need to worry about government failure Ginormous subsidies to clean-energy companies, whose owners will be enriched at the expense of other industries and taxpayers, are the latest example of misdi...

Source: Financialpost June 24, 2023

Bank of Canada expected to raise interest rates one more time, capping at 5%

Economists predict another 25 basis point hike as early as July before increases stop completely The Bank of Canada will raise borrowing costs by another 25 basis points in coming months before capping its tightening cycle, economists said....

Source: BNN Bloomberg June 23, 2023

Bond yields climb on hawkish central bank warnings

Bond yields climbed after major central banks warned about the potential for more interest-rate hikes, with officials signaling they’re nowhere near ready to declare victory over inflation. Treasury two-year yields hit the highest since March as Jerome Pow...

Source: BNN Bloomberg June 23, 2023

TSX recap: Index down 0.63% as energy stocks fall

Canada's main stock index was down more than 100 points Thursday as the price of oil weakened energy stocks amid weakness in base metals and financials, while U.S. markets were mixed.   The S&P/TSX Composite Index was down 125.05 points, or 0.63 per cent,...

Market Call Source: BNN Bloomberg June 23, 2023

Michael Decter's Top Picks: June 22, 2023

Michael Decter, chief executive officer and chief investment officer, LDIC Inc. FOCUS: North American large caps  MARKET OUTLOOK: We expect equity markets to remain volatile. There will be sector rotation and narrow markets until the U.S. Federal R...

Source: Financialpost June 23, 2023

Poor quality of job seekers top contributor to Canada's 'broken' hiring process

Number of factors combining to make it challenging for employers to fill roles, according to Indeed survey The hiring process in Canada is “broken,” with employers saying a number of factors including a lack of qualified candidates are combinin...

Source: Financialpost June 23, 2023

Taxpayer's 'genuine' TFSA contribution mistake still leads to CRA tax and penalty

Jamie Golombek: He ran afoul of TFSA limit and went to court to get CRA to reconsider his case, and ended up disappointed Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commissio...

Source: Financialpost June 23, 2023

3 Canadian cities ranked among world's top 10 most livable places

Vancouver, Calgary and Toronto made top 10 Three Canadian cities have made a list of the world’s top 10 most livable, though two slipped in the rankings from last year as other cities muscled their way to higher scores, according to a long-runn...