Daily News

Source: Financialpost April 17, 2024

‘Welcome news’ on inflation raises odds Bank of Canada will cut interest rate in June

Cooling core inflation strengthens case for interest rate relief, say economistsCanada’s inflation rate picked up slightly in March to 2.9 per cent from 2.8 per cent in February, Statistics Canada said Tuesday, but the consumer price index (CPI) release sugg...

Source: Financialpost April 17, 2024

Ottawa hikes capital gains tax, amends AMT rules in federal budget 2024

Jamie Golombek: Capital gains tax going up for certain people, trusts and companiesReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Th...

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...