Daily News

Source: Financialpost February 17, 2023

The CRA is actively looking for people who day trade investments in their TFSAs

Jamie Golombek: Unlike an RRSP, a TFSA is not exempt from paying tax on business income from day trading Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases...

Company News Source: BNN Bloomberg February 16, 2023

Barrick Gold looks to increase production in 2023 and trims its dividend: CEO

Barrick Gold Corp. is looking to increase its gold production this year as the company also moves to lower its dividend, according to its chief executive.  “Our guidance is the same as last year, between 4.2 and 4.6 million ounces of gold and midpoint 4.4...

Source: BNN Bloomberg February 16, 2023

Shorting opportunities: Hot picks from Brad Lamensdorf

Canadians should be taking a closer look at shorting opportunities in the used car industry and real estate sector, according to one investor. In an interview with BNN Bloomberg on Wednesday, Brad Lamensdorf, principal and co-manager of the AdvisorShares R...

Market Call Source: BNN Bloomberg February 16, 2023

Chris Blumas' Top Picks: February 15, 2023

Chris Blumas, portfolio manager, Raymond James Investment Counsel FOCUS: North American large caps  MARKET OUTLOOK: If you look at the monthly inflation data in the U.S., headline inflation looks to have peaked several months back (June 2022) and t...

Source: BNN Bloomberg February 16, 2023

TSX today: Index down amid losses in energy, base metals

Losses in the energy and base metal sectors helped lead Canada's main stock index lower, while U.S. stock markets also fell in late-morning trading. The S&P/TSX Composite Index was down 40.94 points, or 0.2 per cent, at 20,663.85. In New York, the Dow J...

Source: BNN Bloomberg February 16, 2023

Novogratz sees chance of Bitcoin hitting US$30,000 this quarter

Crypto advocate Mike Novogratz said there’s a good chance of Bitcoin returning to US$30,000 by the end of next month — a far cry from the US$500,000 he once predicted for the digital currency, but still almost 25 per cent above its current price. “When I l...

Source: Bankofcanada February 16, 2023

Opening Statement before the House of Commons Standing Committee on Finance

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank’s Monetary Policy...

Source: Bankofcanada February 16, 2023

Our commitment to 2% inflation

Deputy Governor Paul Beaudry explains why the 2% target remains the centrepiece of the Bank of Canada’s inflation-targeting framework. Watch Deputy Gov...

Source: Financialpost February 16, 2023

Energy outlook in Canada darkens as natural gas prices collapse

Optimism oil producers traded in Toronto can catch up with U.S. peers From Wall Street to Bay Street, analysts are slashing the outlooks for companies in one corner of the global oil patch that was expected to resist a sharp, double-digit earni...

Source: Financialpost February 16, 2023

Canada's Outstanding CEO of the Year: Royal Bank of Canada’s Dave McKay

RBC lifer dedicated to advancing Canadian interests, passionate about innovation and a champion for key issues such as climate change Bank executives aren’t always what they appear to be. The chief executive title conjures up an image of a stuf...