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Source: Financialpost November 01, 2023

Howard Levitt: Courts lift cap on severance, creating a looming litigation free-for-all

Two recent court decisions create uncertainty on severance in another blow to employersBy Howard Levitt and Stephen Gillman We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team....

Source: Financialpost November 01, 2023

'Record spike' in number of immigrants leaving Canada in recent years, study says

Abnormally high number of immigrants granted permanent residence between 1982 and 2018 left between 2016 and 2019 Get the latest from Naimul Karim straight to your inbox Sign Up There was a “record spike” in the number of immigrants who left Canada be...

Economy Source: Financialpost November 01, 2023

Canada's stalling economy on track for technical recession

Growth has come to a standstill, Statistics Canada data showCanada has possibly entered a recession if advanced estimates prove correct in showing the economy contracted in the third quarter since gross domestic product was negative in the second quarter, in...

Economy Source: Financialpost November 01, 2023

'Crystal clear sign' for Bank of Canada: What the economists say about GDP

Economy could already be in recession, putting an end to rate hikesThe Canadian economy could already be in a “modest” recession, one economist says, after Statistics Canada released the latest GDP numbers for August and a preliminary forecast for September...

Company News Source: BNN Bloomberg October 31, 2023

McDonald’s tops estimates on higher prices as U.S. visits dip

McDonald’s Corp. sales and profits beat expectations in the third quarter thanks to higher prices and movie-inspired ads, but U.S. customer traffic dipped for the first time this year.  Comparable sales — which track restaurants open for at least 13 months...

Economics Source: BNN Bloomberg October 31, 2023

Mortgage payment shocks pose risks to Canadian banks: RBC

Payment shocks from mortgages renewing at higher interest rates over the next three years may pose a substantial tail risk to Canadian banks, according to a new report from RBC Capital Markets.  The RBC analyst and associates behind the report published Mo...

Market Call Source: BNN Bloomberg October 31, 2023

Alexander MacDonald's Top Picks: October 30, 2023

Alexander MacDonald, portfolio manager, GlobeInvest Capital Management FOCUS: North American large-cap stocks  MARKET OUTLOOK: While geopolitical tensions are grabbing most of the headlines these days, it’s interest rates that are top of mind for i...

Source: BNN Bloomberg October 31, 2023

​Opportunities in U.S. energy stocks: expert

While the world is eager to transition to clean energy, an investment expert says investors shouldn’t ignore energy stocks for the time being.   David McAlvany, chief executive officer of McAlvany Financial Companies, said he expects fossil fuel based energy...

Economics Source: BNN Bloomberg October 31, 2023

High interest rates are likely to 'break something': Purpose Investments CEO

Purpose Investments’ top executive says it’s still uncertain if a significant recession will occur or just a mild economic slowdown, but he believes elevated interest rates could take a toll.  Som Seif, the CEO of Purpose Investments, said in an interview...

Source: Financialpost October 31, 2023

Top headlines: Tiff Macklem says government spending muddying inflation efforts

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: Tiff Macklem says government spending muddying in...