Daily News

Source: Financialpost July 21, 2023

'Going to see a lot of defaults': $500-billion corporate debt storm is building over global economy

Cheap money era followed by high interest rates fuelling corporate bankruptcies at blistering pace — and it could get worse Richard Cooper’s phone is something of an early alarm bell for the global economy. Lately, it’s been ringing a lot....

Source: Financialpost July 21, 2023

Garden suites in Toronto get slow uptake with none completed one year after program launch

Higher financing costs posing a challenge for homeowners Garden suites were pitched as a way to expand Toronto’s housing options by building secondary homes on already existing residential properties, but a year after they were made legal in th...

Source: Financialpost July 21, 2023

Canada’s looming power problem is massive and time is running out, report says

Might need to triple amount generated to meet net zero emissions target of 2050 OTTAWA — Canada must build more electricity generation in the next 25 years than it has over the last century in order to support a net-zero emissions economy by 20...

Source: Financialpost July 21, 2023

Posthaste: Canadians are desperate for other ways to tame inflation besides rate hikes

Desjardins economist says governments can help cool inflation We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canadians are desper...

Source: Financialpost July 21, 2023

CRA, court reject corporation's 'blame the accountant' excuse for late tax filing

Jamie Golombek: Here's why a business owner lost his bid to overturn late penalties and interest Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made thr...

Source: BNN Bloomberg July 20, 2023

U.S. stock rally plows forward amid peak-rate bets

U.S. stocks rose on Wednesday as investors cheered cooling inflation in the UK and looked ahead to a kickoff in tech earnings due at the close of New York trading. After hours, shares of Netflix Inc. fell after a third-quarter sales forecast missed estimat...

Source: BNN Bloomberg July 20, 2023

TSX recap: Index finishes 0.56% higher amid broad-based gains

Broad-based strength among Canadian equities led by battery metals helped lift Canada's main stock index Wednesday, while U.S. markets also rose.  The S&P/TSX Composite Index was up 114.60 points, or 0.56 per cent, at 20,491.17. In New York, the Dow Jon...

Source: BNN Bloomberg July 20, 2023

Consumer staple stocks positioned to grow: analyst

The consumer staples sector has underperformed the market at large, but some stocks within the industry have the potential to grow even throughout challenging economic times ahead, one analyst says. Speaking with BNN Bloomberg’s Amber Kanwar on Wednesday,...

Source: Financialpost July 20, 2023

Posthaste: The luxury housing market in Canada has undergone a major change

Major markets have started to diverge, at times 'unpredictably,' Sotheby's says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Th...

Source: Financialpost July 20, 2023

Philip Cross: The Wall Street Journal asks a good question — does Canada belong in the G7?

Canada is not a leader on the international stage A recent Wall Street Journal editorial suggested Canada should sit at the kiddies table in the NATO alliance instead of with the adults. This is because as a share of GDP our defence spending is...