Daily News

Source: BNN Bloomberg February 17, 2024

TSX recap: Index ekes small gain on strength in base metals, telecom

Strength in base metals and telecom helped Canada's main stock index post a small gain Friday, while U.S. markets moved lower.  The S&P/TSX composite index closed up 32.92 points, or 0.16 per cent, at 21,255.61. In New York, the Dow Jones Industrial Ave...

Source: Financialpost February 17, 2024

How to build a retirement 'paycheque' to replace your work paycheque

Ted Rechtshaffen: From deferring CPP to taking out a HELOC, these strategies can help you create cash flowReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through...

Source: Financialpost February 17, 2024

Posthaste: Canadians jump back into variable mortgages in bet on 'short-term pain for long-term gain'

Spring real estate season starts early as homebuyers look to take advantage of lower prices, Scotiabank says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canad...

Company News Source: BNN Bloomberg February 16, 2024

Great-West Lifeco sees fourth-quarter earnings rise to $740 million

Great-West Lifeco Inc. says its fourth-quarter net earnings were $740 million, up from $452 million during the same quarter last year.  Net earnings per common share were 79 cents, up from 48 cents for the quarter ended Dec. 31, 2023.  However, though n...

Source: BNN Bloomberg February 16, 2024

Canadian Tire poised for long-term growth amid profit decline in Q4: analyst

One analyst says that as Canadian Tire faces volatility, he sees longer-term growth for the business following fourth-quarter earnings marked by declines in profit and revenue.  David Aime, an equity analyst at Cardinal Capital Management, which owns share...

Source: BNN Bloomberg February 16, 2024

Cineplex opens Canadian junk bond market with $575 million sale

Canada’s largest theater chain has attracted orders for more than three times the amount of bonds it was offering on Thursday, to clinch the first Canadian junk bond sale of the year. Cineplex Inc. sold $575 million (US$426.9 million) of high-yield notes m...

Source: BNN Bloomberg February 16, 2024

Markets today: Wall Street looks past inflation angst before PPI

Wall Street traders looked past mixed economic data, sending stocks and bonds higher before an inflation reading that will help define the Federal Reserve’s next steps. The S&P 500 hit another all-time high — despite losses in its most-influential group: t...

Source: BNN Bloomberg February 16, 2024

TSX recap: Strength in energy has Index up 1.6%

Canada's main stock index gained 1.6 per cent on Thursday, led by strong gains in the energy sector, while U.S. markets also rose.  The S&P/TSX Composite Index closed up 333.29 points at 21,222.69. In New York, the Dow Jones Industrial Average was up 34...

Source: Financialpost February 16, 2024

Snowbird haven in Florida getting slammed by high home insurance rates, driving away buyers

Homeowners on Florida’s southwestern coast are struggling to sell properties and home prices are falling fastFlorida’s southwestern coast — long one of America’s fastest-growing regions — is losing some of its boom town swagger as a home-insurance crisis and...

Source: Financialpost February 16, 2024

Relying on CRA's Auto-fill can be costly as tax case over missing income shows

Jamie Golombek: One taxpayer faced more than $70,000 in arrears interest after Auto-fill failed to capture all his incomeReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchas...