Daily News

Source: BNN Bloomberg November 04, 2022

Liberals to propose corporate stock buyback tax in fall economic statement: CP source

BNN Bloomberg will have live coverage of the federal government's fall economic statement beginning at 3:55 p.m. EDT, both on-air and online. A senior government official says Finance Minister Chrystia Freeland's fall economic statement will propose to tax...

Source: BNN Bloomberg November 04, 2022

​TSX recap: Index closes 0.19% lower

Canada's main stock index crept lower Thursday with mixed results across the indexes, buoyed by energy stocks, industrials and base metals, while U.S. stock markets were also down. The S&P/TSX Composite Index was down 35.79 points, or 0.19 per cent, at 19,...

Source: BNN Bloomberg November 04, 2022

U.S. stocks sink as hawkish bets revive recession fears

Stocks sank before Friday’s jobs data amid concern that a deeper recession could be in store with the Federal Reserve expected to hold rates at a higher level for longer to tame inflation. The S&P 500 saw its fourth straight decline, dragged down by big te...

Market Call Source: BNN Bloomberg November 04, 2022

Brian Acker's Top Picks: November 3, 2022

Brian Acker, president, chief executive officer and chief investment strategist, Acker Finley FOCUS: North American large-cap stocks and ETFs MARKET OUTLOOK: The last time I was on Market Call, I stated the following on May 26. "As spring turns...

Source: Financialpost November 04, 2022

Five almost guarantees in the investing world other than boring GICs

Peter Hodson: A tax-loss sell is a guaranteed win Guaranteed investment certificates (GICs) are amongst the only real guarantees in the investment world today. If you invest $100,000 or less, your money is fully guaranteed by the Canada Deposit...

Source: Financialpost November 04, 2022

Jack Mintz: Trudeau follows Biden down the path to economic ruin

It is ironic that Prime Minister Justin Trudeau's Liberals chose the same unsuccessful policy path as the Democrats in Thursday’s fiscal update In next week’s midterm elections in the United States, President Joe Biden’s Democrats will be judge...

Source: Financialpost November 04, 2022

Howard Levitt: Why Doug Ford's attempt to block the education workers' strike is a smart political play

Actual victims of an education workers’ strike — parents and employers — are not at the bargaining table Ontario’s Ford government this week launched a torpedo into the main artery of the union movement, passing legislation to remove education...

Source: Financialpost November 04, 2022

'A dart in the forehead of the energy industry': Oilpatch reacts to tax on stock buybacks

Tax is expected to generate $2.1 billion in revenues for the federal government over five years Ottawa’s plan to introduce a two-per-cent tax on corporate stock buybacks may not be a windfall tax on oil profits like the United States is proposi...

Source: Financialpost November 04, 2022

Terence Corcoran: Chrystia Freeland brings Chinese-capitalism to Ottawa

Missing in Ottawa’s economic update is recognition of the ideological flip that’s taking place The build-up to Thursday’s economic statement from Finance Minister Chrystia Freeland has been underway for some time, so it should be no surprise th...

Economy Source: Financialpost November 04, 2022

'A cool $40 billion' revenue boost: What economists are saying about the fiscal update

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC But Ottawa should...