Daily News

Source: BNN Bloomberg May 17, 2024

Markets today: U.S. stocks rally stalls after Dow briefly hits 40,000

The world’s largest stock market hovered near its all-time highs, with the Dow Jones Industrial Average touching the historic 40,000 mark on bets that rate cuts will keep powering Corporate America. The oldest of Wall Street’s three main stock indexes has...

Commodities Source: BNN Bloomberg May 17, 2024

Share sales rebound 98% in Toronto as copper, gold prices surge

After a miserable year for share sales, Canada’s largest exchange is seeing a rebound thanks to mining firms raising capital as copper and gold prices have spiked. The volume of total financings on the Toronto Stock Exchange jumped 98 per cent in the first...

Company News Source: BNN Bloomberg May 17, 2024

Two Gildan lawsuits against Browning West dismissed amid leadership battle: investor

Browning West LP says two lawsuits launched by Gildan Activewear Inc.'s board against the investor have been dismissed. The activist investor is among several major Gildan shareholders that have been campaigning to have the clothing maker's former CEO rein...

Source: Financialpost May 17, 2024

Opinion: Capital gains tax hikes are terrible optics for Canada

The proposed inclusion rate increase should be debated, but what's more important is the anti-growth narrativeBy Jessica Brandon-Jepp We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our...

Source: Financialpost May 17, 2024

Inflation figures could shake mortgage market out of lull

Robert McLister: Variable and short-term mortgages will pique more people’s interest once the Bank of Canada cuts ratesNationally leading mortgage rates didn’t budge this week, with one exception. TD Bank’s sensational uninsured variable-rate offer ended, nu...

Source: Financialpost May 17, 2024

CRA denies taxpayer's medical expense credit for his visiting father's hospital stay

When his father fell ill while visiting Canada, son faced almost $19,000 in medical bills with no tax reliefReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made throu...

Source: Financialpost May 17, 2024

Posthaste: Canada's standard of living on track for worst decline in 40 years

Slump in GDP per person threatens to be longest and largest since 1985, says study We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canada's standard of living on...

Source: BNN Bloomberg May 16, 2024

GameStop, AMC shares plunge as two-day meme rally evaporates

The meme rally that added about US$11 billion in value to GameStop Corp. and AMC Entertainment Holdings Inc. in the first two days of the week faltered Wednesday, wiping out a chunk of the gains. GameStop fell 19 per cent on Wednesday, the most since 2021....

Company News Source: BNN Bloomberg May 16, 2024

Tesla board rallies retail investors to vote for Musk's US$56 billion pay package

Tesla Inc. is looking to woo its unusually large base of retail investors to get approval for Chief Executive Officer Elon Musk’s US$56 billion pay package. To help lead that drive, the company's board has hired a strategic adviser, according to a person f...

Source: BNN Bloomberg May 16, 2024

Netflix nears deal for NFL games, extending push into sports

Netflix Inc. will air two National Football League games this Christmas Day, in the streaming TV giant’s latest push into live events. The three-season pact will also see Netflix host at least one Christmas game in both 2025 and 2026, the league and the co...