Daily News

Source: BNN Bloomberg November 17, 2023

Gap surpasses expectations in early win for new CEO Dickson

Gap Inc. reported third-quarter profit that exceeded forecasts and a smaller-than-expected drop in comparable sales, showing that Chief Executive Officer Richard Dickson is having early success in improving the company’s performance. Adjusted earnings of 5...

Source: BNN Bloomberg November 17, 2023

Markets today: 'Fed-friendly' data lift bonds as S&P 500 wavers

Treasuries climbed after the latest economic figures underscored a gradual slowdown, reinforcing speculation the Federal Reserve will end its most-aggressive hiking campaign in decades. Ten-year yields fell eight basis points to 4.45 per cent. Following a...

Source: BNN Bloomberg November 17, 2023

TSX recap: Index dips slightly on energy weakness

Canada's main index lost just a handful of points Thursday, weighed down by weakness in energy and base metal stocks, while U.S. markets were mixed.  The S&P/TSX Composite Index closed down 4.82 points, or 0.02 per cent, at 20,053.07. In New York, the D...

Source: Financialpost November 17, 2023

Top headlines: Saskatchewan introduces bill on withholding carbon tax on natural gas

The latest business news as it happensToday’s top headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: Saskatchewan introduces bill on withholding carbo...

Source: Financialpost November 17, 2023

Don't count on seniors to sell their homes anytime soon, CMHC report finds

Only a 'minority' of older Canadian households are opting to downsizeCanadian seniors are opting to remain in their homes for longer, a new report from the Canada Mortgage and Housing Corporation has found, suggesting that those looking to buy into the housi...

Source: Financialpost November 17, 2023

Alberta's CPP exit involves more than just an asset transfer number — it brings a matrix of risks, too

Engaging the chief actuary is the best path forward — but asking the right questions is criticalBy Doug Chandler and Bonnie-Jeanne MacDonald  We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos...

Source: Financialpost November 17, 2023

Posthaste: Ontario home sales hit lows of the great financial crisis

No region in the country is feeling the housing slowdown more We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Ontario home sales hit lows of the great financial c...

Source: Financialpost November 17, 2023

One winner, one loser as the CRA continues its pandemic benefit crackdown

Jamie Golombek: More than 1,000 COVID-19 benefit cases are currently under review by the CRAReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this...

Source: Financialpost November 17, 2023

'Such a difficult life in Canada': Ukrainian immigrants leaving because it's so expensive

High housing costs and underemployment among challengesNot long after Russia began bombing Ukraine, Oleksii Martynenko packed his bags and fled Kremenchuk, a once-tranquil but now war-torn city roughly 190 miles (300 kilometres) from Kyiv. He moved to Stockh...

Source: BNN Bloomberg November 16, 2023

Markets today: S&P 500 tops 4,500 as Treasury euphoria dwindles

Stocks extended their November gains on speculation the Federal Reserve will be able to achieve a soft landing as the U.S. economy remains fairly resilient and inflation shows signs of cooling. The S&P 500 topped 4,500 — though it rose at a slower pace rel...