Daily News

That could rise to $64 billion in royalties and taxes in 2023 if oil prices stay high Unanticipated revenue from energy royalties and corporate taxes are pouring into government treasuries, offsetting the need for a Canadian version of a “windfall...

US stocks rose in a volatile session as investors parsed the latest corporate news and the potential for geopolitical risks in Europe. The dollar gained, while the euro fell as Italy’s government looked set to collapse.  The S&P 500 posted its first back-t...

Stock markets are yet to see full capitulation, Sanford C. Bernstein strategists said, taking a contrary view to that of Bank of America Corp., whose survey showed that investors have already thrown in the towel. “We have not yet seen capitulation in outfl...

Bitcoin is gaining for the third straight day amid a broader rally in risk assets, with the digital currency briefly rising above US$24,000 for the first time in more than a month. The world’s largest digital token rose as much as 3.3 per cent Wednesday to...

Canada’s benchmark stock index climbed higher on Wednesday in the wake of consumer price inflation accelerating to the highest level since January 1983. The S&P/TSX Composite Index rose 82.96 points to close at 19,020.67. Statistics Canada reported the...

Citigroup Inc. economists have labeled a global recession a “clear and present danger,” while repeating they estimate a 50 per cent probability of such a slump. In a report to clients, economists led by Nathan Sheets said they now expect the world economy...

Darren Sissons, vice-president and partner, Campbell, Lee & Ross FOCUS: Global and technology stocks MARKET OUTLOOK: Investors should now be evaluating their risk management processes. Earlier in the year, major markets, excluding the oil-heavy TSX...

Supersized rate hike aimed to send 'clear message' that Bank of Canada will get inflation under control Bank of Canada governor Tiff Macklem acknowledged the central bank’s credibility has been shaken as inflation hits multi-decade highs and the in...

US stocks surged in a broad-based rally as investors assessed the outlook for earnings and as speculation grew that markets may have come close to bottoming out. The S&P 500 defied the late-day reversal that has been a cornerstone of this volatile market,...

Mike Novogratz, the billionaire investor who once called himself the ‘Forrest Gump of Bitcoin,’ said the recent turbulence in the cryptocurrency industry is a “full-fledged credit crisis” and acknowledged that he was “darn wrong” about the magnitude of the le...