Daily News

Source: Financialpost April 08, 2023

Google and Amazon are struggling to lay off workers in Europe

Labour protections make it virtually impossible to dismiss people in some countries without prior consultations with employee interest groups After announcing the largest rounds of layoffs in their history, U.S. big tech companies are now learn...

Source: Financialpost April 08, 2023

Ottawa is offering a 25-year, high-interest GIC: It's called the Canada Pension Plan

Jason Heath: Decision on when to apply for CPP becomes clearer when you think of it as an investment, not income Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from pu...

Source: BNN Bloomberg April 07, 2023

U.S. stocks rise amid hopes for 'just right' jobs print

Wall Street remained unwilling to commit to significant positioning ahead of Friday’s jobs report, with stocks eking out gains, bonds trading mixed and the dollar barely budging. Big tech led a rebound in equities, which also got a respite after Federal Re...

Source: BNN Bloomberg April 07, 2023

TSX recap: Index finishes 0.18% higher amid mixed results

Canada's main stock index ticked upward Thursday with mixed results among sectors, while U.S. markets also posted gains to end the short trading week.  The S&P/TSX Composite Index was up 37.14 points, or 0.18 per cent, at 20,196.69. In New York, the Dow...

Source: BNN Bloomberg April 07, 2023

'Deserved to go out of business': Ira Gluskin on the downfall of Gluskin Sheff

One of the founders of well-known wealth manager Gluskin Sheff says the firm “really deserved to go out of business.” Last month, Gluskin Sheff owner Onex Corp. transferred the entire wealth management advisory division to Royal Bank of Canada. Ira Glus...

Source: BNN Bloomberg April 07, 2023

Growth opportunities in Canadian lithium stocks: Three hot picks from Cole McGill

Lithium stocks have fallen 30 per cent since early March but the commodity still stands to benefit from its vital role in electric-vehicle production, one financial expert says. Speaking with BNN Bloomberg’s Amber Kanwar on Thursday, Cole McGill, associate...

Source: BNN Bloomberg April 07, 2023

The Week Ahead: BoC policy announcement; Turquoise Hill earnings

Monday, April 10 Notable data: U.S. Wholesale Trade Tuesday, April 11 Notable data: NFIB Small Business Economic Trends Survey Notable earnings: CarMax Wednesday, April 12 Notable data: Construction Investment, U.S. Consumer Pric...

Source: Financialpost April 07, 2023

Posthaste: Home prices in Canada not done falling from 2022 peak, says TD report

Forecast calls for total drop of 21% from top of market 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: Financialpost April 07, 2023

Jack Mintz: We should dock the pay of politicians who break their fiscal promises

If any decision-maker should be subject to performance pay, it is the prime minister This week I happened to receive a copy of Telus’ information circular. Included with the usual financial data is a disclosure of performance pay for the top ex...

Economy Source: Financialpost April 07, 2023

Canada adds 34,700 jobs in March, blowing away expectations

Unemployment rate holds at 5% OTTAWA — The Canadian economy added more jobs than expected in March and the unemployment rate remained near a record low for a fourth straight month, data on Thursday showed, a sign of economic resilience ahead of...