Daily News

Source: Financialpost June 16, 2023

Taxpayer who hired mother-in-law, wife as assistants gets pushback from CRA

Jamie Golombek: CRA often challenges expenses when employee in higher tax bracket redirects income to low-income family member Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate comm...

Source: Financialpost June 16, 2023

Bank of Canada has 18 months to rein in inflation or risk a '70s rerun, warns David Dodge

Canadians need to look through higher interest rates because they too will come down Get the latest from Barbara Shecter straight to your inbox Sign Up Former Bank of Canada governor David Dodge says the central bank has a year to 18...

Source: BNN Bloomberg June 15, 2023

U.S. stock rally hits a wall after Fed's hawkish pause

Stocks closed little changed as the Federal Reserve signaled the possibility of resuming its interest-rate hikes after pausing its tightening cycle in June to assess economic conditions. The S&P 500 finished higher by just 0.1 per cent, recovering some gro...

Source: BNN Bloomberg June 15, 2023

AI has 'life changing' potential for health-care investment: Analyst

Amid increased interest in AI, one analyst sees investment opportunities in health-care companies that leverage the technology.  Arelis Agosto, a research analyst at Global X ETFs, told BNN Bloomberg’s Amber Kanwar Wednesday that AI’s application to the he...

Source: BNN Bloomberg June 15, 2023

TSX recap: Index finishes slightly higher amid gains in industrial stocks

Strength in industrials and metals helped buoy Canada's main stock index amid energy weakness Wednesday, while U.S. stock markets were mixed after the country's central bank held interest rates steady. The S&P/TSX Composite Index was up 24.69 points, or 0....

Source: BNN Bloomberg June 15, 2023

Toronto exchange operator eyes new venue for fledgling firms

The operator of the Toronto Stock Exchange is developing plans for a new trading platform targeting early-stage companies and alternative asset classes in an effort to spur activity as competition mounts. The plan includes a “new, highly differentiated exc...

Market Call Source: BNN Bloomberg June 15, 2023

Chris Blumas' Top Picks: June 14, 2023

Chris Blumas, portfolio manager, Raymond James Investment Counsel FOCUS: North American large caps  MARKET OUTLOOK: The global economy is expected to face a series of opportunities and challenges over the next year. Overall, the outlook appears cau...

Source: Financialpost June 15, 2023

Bell cutting 1,300 positions, closing or selling 9 radio stations

'At some point, we have to say to ourselves, 'Is it worth funding this?' BCE Inc. is cutting 1,300 positions, shutting or selling nine radio stations and closing two foreign bureaus as the company plans to “significantly adapt” how it delivers...

News Source: Financialpost June 15, 2023

Posthaste: Liberals bleeding support as high cost of living pushes past voters to other parties for relief

Angus Reid poll shows Canadians 'overwhelmingly' concerned about high inflation may be losing faith in ruling party We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other vide...

Source: BNN Bloomberg June 14, 2023

U.S. stocks rise on bets Fed Is ready to take a break

Wall Street got some encouragement to send stocks higher after a slowdown in inflation bolstered speculation the Federal Reserve will pause its tightening campaign this week. That’s not to say investors are betting the Fed is done with its interest-rate hi...