Daily News

Source: Financialpost January 10, 2024

One in five restaurants in Canada at risk as CEBA deadline looms, say advocates

Industry groups call for Ottawa to delay repayment of pandemic loansThe food service industry could be decimated by a wave of closures if the federal government does not extend the Jan. 18 deadline for the repayment of loans under the Canada Emergency Busine...

Source: Financialpost January 10, 2024

'We can't wait to close this': HSBC takeover will bring significant cost savings, says RBC chief

Dave McKay says bank aims to consolidate work on both sides of border to save moneyRoyal Bank of Canada chief executive Dave McKay says he is eager for his bank’s takeover of HSBC’s Canadian operations to close so they can begin an integration that he expect...

Source: Financialpost January 10, 2024

Thinking of leaving Canada? There's more than just personal tax rates to consider

Kim Moody: Climate, location of friends and family, health care, cost of living and more all play a roleReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through l...

Work Source: Financialpost January 10, 2024

More softening ahead for jobs market, but wage hikes, hybrid work to have staying power

Still, much depends on whether Canada plunges into a recessionWorkers will likely cede more power to employers this year as the labour market continues to cool, but that doesn’t necessarily point to a wave of mass layoffs or even the end of working from home...

Source: BNN Bloomberg January 09, 2024

Markets today: big tech leads U.S. stock rebound; Boeing tumbles

A rally in big tech sent U.S. stocks higher at the start of a week that will bring key inflation data and bank earnings. The Nasdaq 100 outperformed, with Nvidia Corp. surging after announcing new products to help the personal computer industry lure consum...

Market Call Source: BNN Bloomberg January 09, 2024

Andrew Pink's Top Picks: January 8, 2024

Andrew Pink, portfolio manager at LDIC FOCUS: Canadian large caps, preferred shares and fixed-income MARKET OUTLOOK: What transpired in 2023? Market breadth was thin. Much of the broad market performance was driven by a small number of stocks and e...

Source: BNN Bloomberg January 09, 2024

TSX recap: Index defies energy weakness, climbs 0.66%

Canada's main stock index rose Monday despite losses in the energy sector, while U.S. markets also gained, led by a more than two per cent rise for the Nasdaq.  It was a strong start to the second week of the year, after last week saw Wall St. break the ni...

Source: Financialpost January 09, 2024

These are the big questions facing Canada's Big Six Banks in 2024

RBC holds CEO conference on Tuesday — the industry's first big event of the yearInterest rates, capital buffers and expense management are among the leading issues facing Canada’s biggest banks in 2024. But in the view of National Bank of Canada analyst Gabr...

Source: Financialpost January 09, 2024

iPhone survives 16,000-foot-fall from Alaska Airlines flight after mid-air blowout

Phone found in functioning condition, without a scratch by Portland roadsideAmong the harrowing details of the blown-off fuselage panel that triggered a sudden decompression event on Alaska Airlines Flight 1282, one revelation seemed to defy the laws of phys...

Source: Financialpost January 09, 2024

Elon Musk’s reported drug use puts Tesla board, investors in familiar position

Board members once again need to decide what to do with CEO subjecting shareholders to great financial, legal riskElon Musk’s reported drug use has Tesla Inc. board members facing a familiar quandary: having to decide what, if anything, to do about the chief...