Daily News

Source: BNN Bloomberg April 16, 2024

Markets today: S&P 500 breaks below 5,100 as Big Tech sells off

  Tech megacaps dragged down stocks as bond yields jumped after hot retail sales spurred bets the Federal Reserve will be in no rush to cut rates. Oil trimmed losses on geopolitical angst. In a volatile session, the S&P 500 fell about one per cent after...

Source: BNN Bloomberg April 16, 2024

New Gildan CEO Vince Tyra updates investors on priorities amid leadership battle

Gildan Activewear Inc.’s new CEO Vince Tyra gave an update to investors three months into his time leading the company as shareholder infighting over his hiring continues. Tyra outlined his strategic priorities for the company, with a focus on driving grow...

Source: Financialpost April 16, 2024

Business worries Justin Trudeau will hike taxes to pay for housing gambit

Government has already announced at least $46 billion for measures as it gets ready to unveil budget on TuesdayPrime Minister Justin Trudeau’s government is set to unveil an ambitious budget aimed at fixing housing affordability and helping young Canadians —...

Source: Financialpost April 16, 2024

Trans Mountain pipeline extension could be trouble for OPEC member Iraq

Pipeline will almost triple shipments, bringing oilsands into direct competition with Iraq crudeCanada’s newest oil pipeline may spell trouble for a Middle Eastern country almost 7,000 miles away: Iraq. We apologize, but this video has failed to load....

Source: Financialpost April 16, 2024

Mike Rose: Canada has all the elements to be a winner in global energy — Now let's do it

There has never been a more urgent time to aggressively develop Canada’s massive resource wealthThere has never been a more urgent time to aggressively develop Canada’s massive resource wealth. An increasingly competitive world is organizing into new allianc...

Source: Financialpost April 16, 2024

Housing optimism surges in Canada with rate cuts on horizon

Nearly half expect value of real estate in their neighbourhoods to increase over next six monthsCanadians are growing bullish on housing again. We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other video...

Source: Financialpost April 16, 2024

Inflation likely rose in March, but not enough to change Bank of Canada's direction

June interest rate cut still within realm of possibilitiesCanadian inflation likely reaccelerated in March, but not by enough to throw the Bank of Canada off course, economists say. We apologize, but this video has failed to load. Try refreshing your...

Source: Financialpost April 16, 2024

Corporate 'excess profits' tax? The federal budget could still hold some surprises

Kim Moody: Corporate tax hikes would be step in the wrong direction to help improve Canada's lagging productivityReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made...

Source: Financialpost April 16, 2024

Canadian dollar could 'crater' if Bank of Canada cuts faster and deeper than the Fed, say economists

This year has not been kind to the loonie, and it's about to get worseThe Canadian dollar could be in for a rough ride if the Bank of Canada cuts interest rates sooner and deeper than the Federal Reserve, a scenario that economists suggest is becoming increa...

Source: Financialpost April 15, 2024

Apartment rent growing faster than condo rent as new supply comes online: report

Purpose-built rental apartment rents up 12.7%, while condominium rents up 3.9%The Canadian rental market is showing signs of divergence, with purpose-built rental apartment rents accelerating more quickly than those for condominium units. We apologize...