Daily News

Source: Bankofcanada June 21, 2023

Summary of Governing Council deliberations: Fixed announcement date of June 7, 2023

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on June 7, 2023. This summary reflects dis...

Source: Financialpost June 21, 2023

Gage Haubrich: New Zealand’s gun buyback suggests Ottawa’s won’t work

Cost much more more than initially estimated In May 2020, the federal government announced a ban on 1,500 types of what it called “assault-style” firearms. As part of this ban, it has promised to provide “fair compensation” to gun owners whose...

Source: Financialpost June 21, 2023

Howard Levitt: Why employers are now in a Kafkaesque predicament when it comes to residency status of hirees

Asking about permanent residency status can be discriminatory, recent ruling finds By Howard Levitt and Kathryn Marshall  THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada...

Source: Financialpost June 21, 2023

The toxic workplace trait that's costing employees money and burning them out

Victoria Wells: Canadians aren't using their vacation days and they're only hurting themselves Canadians are complaining they have too much to do at work, yet many are also failing to use their vacation time, which could be why 36 per cent of p...

Source: Financialpost June 21, 2023

Canada among investors' favourite bets for sooner-than-expected interest rate cut

Among group of countries including Australia, Sweden and South Korea with elevated levels of household debt A growing chorus of investors is buying bonds from certain developed nations where they believe interest rates will be cut sooner and fa...

News Source: Financialpost June 21, 2023

Posthaste: 'Using a credit card to keep the lights on' — New report shows 'alarming' shift in business borrowing

Card use up 15% as financial stress forces more businesses to lean on revolving credit We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthas...

Source: BNN Bloomberg June 20, 2023

AI could spur the drug development process: Portfolio manager stock picks

The drug development process is often cost-intensive and complex, but one portfolio manager sees opportunities in the industry for companies leveraging AI in the development process.  Speaking with BNN Bloomberg’s Andrew Bell on Monday, Eden Rahim, a portf...

Source: BNN Bloomberg June 20, 2023

TSX recap: Index moves lower on multi-sector dip

Canada's main financial index ticked lower Monday, with broad-based but shallow weakness across sectors including energy, financials, industrials and tech.  Trading volume on the TSX was positively anemic Monday, with stock markets closed in the U.S. for t...

Source: BNN Bloomberg June 20, 2023

Regulatory issue halted Canaccord Genuity buyout: CEO

The president and CEO of Canaccord Genuity Group Inc. said a proposed management buyout at the financial services firm did not proceed due to the regulatory approvals it would not receive. Dan Daviau said the proposed $1.1-billion deal was abandoned last w...

Market Call Source: BNN Bloomberg June 20, 2023

Teal Linde's Top Picks: June 19, 2023

Teal Linde, manager, Linde Equity Fund FOCUS: North American mid and large-cap stocks MARKET OUTLOOK: Compelling dividends add to the attractiveness of the Canadian market.   The U.S. stock market looks like it will deliver a double-digit percen...