Daily News

Source: Financialpost February 15, 2024

Bank of Canada to halt quantitative tightening program within months, RBC says

Could come as early as April, sooner than policymakers had previously indicatedThe Bank of Canada is likely to wrap up its quantitative tightening program as early as April, sooner than policymakers had previously indicated, according to RBC Capital Markets...

Company News Source: BNN Bloomberg February 14, 2024

Rothschild’s Canada head Alex Graham departs amid deal slump

The head of Rothschild & Co.’s Canadian office has left the storied investment bank as it grapples with a prolonged slump in dealmaking that’s hurt the entire industry. Alex Graham and two colleagues in Canada have left the Paris-based firm in recent month...

Canada Source: BNN Bloomberg February 14, 2024

Canada pension with $164 billion opens NYC office in credit push

Alberta Investment Management Corp., one of Canada’s largest pension plans, is opening a New York office as it pushes further into private credit investing. The $164 billion pension is looking to grow its $6 billion of private credit assets by a couple of...

Source: BNN Bloomberg February 14, 2024

Analysts react to Shopify earnings

Shares of Shopify Inc. were under pressure in Tuesday trading after the e-commerce giant reported quarterly results and cost projections that spooked investors, but analysts say the company is still headed in the right direction. Ottawa-based Shopify saw i...

Source: BNN Bloomberg February 14, 2024

Markets today: U.S. markets jolted as Fed's 'last mile' looks elusive

Wall Street got a reality check on Tuesday, with hotter-than-estimated inflation data triggering a slide in both stocks and bonds.  Equities pushed away from their all-time highs as the consumer price index topped estimates across the board. Treasuries sol...

Source: BNN Bloomberg February 14, 2024

TSX recap: Index falls nearly 500 points in broad decline

Canada's main stock index lost more than two per cent on Tuesday on a broad-based decline, following U.S. markets as they slid on news that inflation in January was hotter than expected.  U.S. prices rose 3.1 per cent compared with January 2023, lower than...

Source: Financialpost February 14, 2024

Give your accountant a hug — you may not find another one

Kim Moody: Incomprehensible new tax legislation combined with fewer accountants may crash in a horrible wreckReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made thro...

Source: Financialpost February 14, 2024

Posthaste: If Canadians think car insurance is steep now, just wait until we're driving EVs

Higher purchase price and more costly repairs to drive up insurance premiums for EVs, says DBRS We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: If Canadians think...

Source: Financialpost February 14, 2024

Matthew Lau: Don't tax grocers, shut government food ministries

Surtaxes on grocery chain profits won't lower food prices. But shutting agriculture ministries would save money and improve efficiencyMany Canadians are unhappy about the food sector; they say high food prices are squeezing households. There are competing vi...

Source: Financialpost February 14, 2024

Top headlines: TSX falls over 500 points, U.S. stocks plunge in market rout

The latest business news as it happensToday’s headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: TSX falls over 500 points, U.S. stocks plunge in mark...