Daily News

Source: BNN Bloomberg May 02, 2023

TSX recap: Index finishes lower amid losses in energy stocks

Weakness in energy stocks drove Canada's main stock index to dip on Monday, while U.S. stock markets also fell to start the trading week. The S&P/TSX Composite Index was down 21.44 points, or 0.10 per cent, at 20,615.10. In New York, the Dow Jones Indus...

Source: Financialpost May 02, 2023

Public sector workers reach deal with government, ending strike

Treasury Board employees set to return to work, but Canada Revenue Agency workers still out Canada reached agreement for a new wage deal with the Public Service Alliance of Canada (PSAC) union representing 120,000 federal workers, the union sai...

Source: Financialpost May 02, 2023

WestJet closes SunWing deal, expanding its footprint in eastern Canada

SunWing vacation offerings will be extended to five new Canadian cities WestJet Airlines Ltd. has completed its acquisition of Sunwing Vacations and Sunwing Airlines, the company announced May 1, nearly two months after the federal government g...

Source: Financialpost May 02, 2023

Turbulent skies as Air Canada pilots support union merger, WestJet strike deadline nears

American Airlines pilots back job action mandate North American pilots took fresh steps on May 1 to press for workforce gains, with American Airlines Group Inc. pilots backing a strike mandate and Air Canada pilots supporting a merger with a la...

Source: Financialpost May 02, 2023

Posthaste: Ouch, Toronto homeowners' cost of living has soared almost 60% in just one year

Canada's biggest city isn't just expensive for homeowners. Renters' costs have soared 22% We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Post...

Economy Source: Financialpost May 02, 2023

Theo Argitis: PSAC strike may be over, but workers' fight with inflation was already lost

Once inflation surges, the die is cast and the fight lost for labour Most of the federal public servants who went on strike a couple of weeks ago were back at work on May 1, after the Public Service Alliance of Canada (PSAC) reached a tentative...

Economy Source: Financialpost May 02, 2023

PSAC strike may have sent economic growth into negative territory, economists say

Eight-day work action will trim 0.1 to 0.3 percentage points off gross domestic product in April Treasury Board and the union representing 122,000 striking workers resolved their differences relatively quickly, but perhaps not quickly enough to...

Source: Financialpost May 01, 2023

Why CRA denied taxpayer's medical expense claims related to moving because of disability

Jamie Golombek: Judge says taxpayer was seeking a benefit that is not provided to anyone under the Income Tax Act Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from p...

Source: BNN Bloomberg April 29, 2023

Amazon falls after warning of slowdown in cloud business growth

Amazon.com Inc. fell after warning that growth in its cloud computing business is cooling, dashing hopes that the company’s most profitable division would weather an otherwise lackluster environment for technology spending. On a conference call Thursday, a...

International Source: BNN Bloomberg April 29, 2023

Bets offering 2,400% payout on U.S. default lure growing crowd

In what is a traditionally moribund corner of Wall Street, speculators are piling into a bet that once seemed unthinkable: that the U.S. government will default on its debts.  With the Treasury Department inching ever closer to running out of cash — most e...