Daily News

Source: Financialpost January 11, 2024

Terence Corcoran: It's time for the abdication of King Trudeau II

Without change at the top, the outlook for Canada is grimThrough more than eight years since Justin Trudeau named his first Liberal cabinet on Nov. 4, 2015, Canada’s economic and social trajectory has been steadily downward, a trend that was entirely predict...

Source: BNN Bloomberg January 10, 2024

Markets today: U.S. stocks struggle after tech-led bounce; oil climbs

Stocks struggled to gain traction day after a tech-led rally as Treasury 10-year yields remained above 4 per cent. Oil climbed. Commodity and financial shares led declines in the S&P 500. The megacap space was mixed, with Nvidia Corp. up and Tesla Inc. dow...

Source: BNN Bloomberg January 10, 2024

Analyst lays out a downside case for Nvidia shares

As Nvidia Corp.’s share price rises, a software analyst is laying out a possible scenario where the stock loses as much as 20 per cent of its value.  Gil Luria, senior software analyst at D.A. Davidson, told BNN Bloomberg that chipmaker Nvidia is a good co...

Source: BNN Bloomberg January 10, 2024

TSX recap: Index finishes lower amid losses in financial stocks

Weakness in financial stocks Tuesday weighed on Canada's main stock index, which lost more than 100 points, while U.S. markets were mixed.  The S&P/TSX Composite Index closed down 103.93 points, or 0.49 per cent, at 20,970.98. In New York, the Dow Jones...

Source: Financialpost January 10, 2024

Joe Oliver: 2024 could be a pivotal year, politically, economically and culturally

There are signs that cancel culture is in decline and it's possible to say things again that everyone knows to be trueThe year just beginning could be a watershed, with turning points in politics, economics and culture, provided common sense and moral clarit...

Source: Financialpost January 10, 2024

One in five restaurants in Canada at risk as CEBA deadline looms, say advocates

Industry groups call for Ottawa to delay repayment of pandemic loansThe food service industry could be decimated by a wave of closures if the federal government does not extend the Jan. 18 deadline for the repayment of loans under the Canada Emergency Busine...

Source: Financialpost January 10, 2024

'We can't wait to close this': HSBC takeover will bring significant cost savings, says RBC chief

Dave McKay says bank aims to consolidate work on both sides of border to save moneyRoyal Bank of Canada chief executive Dave McKay says he is eager for his bank’s takeover of HSBC’s Canadian operations to close so they can begin an integration that he expect...

Source: Financialpost January 10, 2024

Thinking of leaving Canada? There's more than just personal tax rates to consider

Kim Moody: Climate, location of friends and family, health care, cost of living and more all play a roleReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through l...

Work Source: Financialpost January 10, 2024

More softening ahead for jobs market, but wage hikes, hybrid work to have staying power

Still, much depends on whether Canada plunges into a recessionWorkers will likely cede more power to employers this year as the labour market continues to cool, but that doesn’t necessarily point to a wave of mass layoffs or even the end of working from home...

Source: BNN Bloomberg January 09, 2024

Markets today: big tech leads U.S. stock rebound; Boeing tumbles

A rally in big tech sent U.S. stocks higher at the start of a week that will bring key inflation data and bank earnings. The Nasdaq 100 outperformed, with Nvidia Corp. surging after announcing new products to help the personal computer industry lure consum...