Daily News

Source: Financialpost June 16, 2023

Ross McKitrick: The truth about forest fires goes up in climate-change smoke

We're told we should listen to the science, but the science on forest fires is that they peaked in the 1980s Until the recent Canadian wildfires sent plumes of smoke over the densely populated cities around the Great Lakes and along the Eastern...

Source: Financialpost June 16, 2023

Canada’s grocers could soon face windfall tax if Competition Bureau finds price gouging

Windfall tax one of 13 recommendations made by agricultural committee Ottawa should implement a windfall tax on grocers if the Competition Bureau finds they are generating excess profits on food items, the parliamentary agriculture committee sa...

Source: Financialpost June 16, 2023

Taxpayer who hired mother-in-law, wife as assistants gets pushback from CRA

Jamie Golombek: CRA often challenges expenses when employee in higher tax bracket redirects income to low-income family member Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate comm...

Source: Financialpost June 16, 2023

Bank of Canada has 18 months to rein in inflation or risk a '70s rerun, warns David Dodge

Canadians need to look through higher interest rates because they too will come down Get the latest from Barbara Shecter straight to your inbox Sign Up Former Bank of Canada governor David Dodge says the central bank has a year to 18...

Source: BNN Bloomberg June 15, 2023

U.S. stock rally hits a wall after Fed's hawkish pause

Stocks closed little changed as the Federal Reserve signaled the possibility of resuming its interest-rate hikes after pausing its tightening cycle in June to assess economic conditions. The S&P 500 finished higher by just 0.1 per cent, recovering some gro...

Source: BNN Bloomberg June 15, 2023

AI has 'life changing' potential for health-care investment: Analyst

Amid increased interest in AI, one analyst sees investment opportunities in health-care companies that leverage the technology.  Arelis Agosto, a research analyst at Global X ETFs, told BNN Bloomberg’s Amber Kanwar Wednesday that AI’s application to the he...

Source: BNN Bloomberg June 15, 2023

TSX recap: Index finishes slightly higher amid gains in industrial stocks

Strength in industrials and metals helped buoy Canada's main stock index amid energy weakness Wednesday, while U.S. stock markets were mixed after the country's central bank held interest rates steady. The S&P/TSX Composite Index was up 24.69 points, or 0....

Source: BNN Bloomberg June 15, 2023

Toronto exchange operator eyes new venue for fledgling firms

The operator of the Toronto Stock Exchange is developing plans for a new trading platform targeting early-stage companies and alternative asset classes in an effort to spur activity as competition mounts. The plan includes a “new, highly differentiated exc...

Market Call Source: BNN Bloomberg June 15, 2023

Chris Blumas' Top Picks: June 14, 2023

Chris Blumas, portfolio manager, Raymond James Investment Counsel FOCUS: North American large caps  MARKET OUTLOOK: The global economy is expected to face a series of opportunities and challenges over the next year. Overall, the outlook appears cau...

Source: Financialpost June 15, 2023

Bell cutting 1,300 positions, closing or selling 9 radio stations

'At some point, we have to say to ourselves, 'Is it worth funding this?' BCE Inc. is cutting 1,300 positions, shutting or selling nine radio stations and closing two foreign bureaus as the company plans to “significantly adapt” how it delivers...