Daily News

Stock indexes in Canada and the U.S. ended the day slightly down as markets adopted a holding pattern ahead of U.S. inflation data expected Thursday.  The S&P/TSX Composite Index was down 10.40 points, or 0.06 per cent, at 18,206.28. In New York, the Do...

Bitcoin ownership significantly increased among Canadians last year, according to a survey released by the Bank of Canada. In the central bank’s 2021 Bitcoin Omnibus Survey, it found ownership levels increased to 13 per cent in 2021. The number of Canad...

BMO Capital Markets Chief Investment Strategist Brian Belski is still calling for the S&P/TSX Composite Index to hit 24,000 points by year-end, “for now.” “We're sticking with that for now, you know, if you take a look at where multiples are at 13 times an...

Chris Blumas, portfolio manager, Raymond James Investment Counsel FOCUS: North American large caps MARKET OUTLOOK: It’s been a roller coaster ride for investors so far this year. Equity markets sold off to start the year then rebounded somewhat and...

Jamie Golombek: The CRA can deny expenses if taxpayer doesn't appear to be running a business with a view to profit Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from...

Exxon Mobil Corp. is considering a takeover of Denbury Inc., an oil and gas producer with the largest carbon dioxide pipeline network in the U.S., according to people familiar with the matter. Exxon has expressed preliminary interest in the Plano, Texas-ba...

Goldman Sachs Group Inc. analysts say it’s “too early” to price in a dovish turn in Federal Reserve policy as the economic outlook isn’t bad enough yet, and rates markets remain too volatile.  Wide fluctuations in rates have meant that expectations for hig...

The Bank of England is expanding the scope of its bond purchases to include inflation-linked debt in an effort to avert what it called a “fire sale” that threatens financial stability. It’s the second time this week the central bank has added to its arsena...

A string of warnings on semiconductor demand from the likes of Micron Technology Inc. and Samsung Electronics Co. is forcing analysts to slash earnings forecasts at the fastest pace since 2008. Having gone from boom to bust in less than a year, the semicon...

A Piper Sandler & Co. analyst upgraded lululemon athletica Inc. stock, citing opportunity for “outperformance in outerwear this Fall/Winter, and stable promotional intensity.” In a note released Tuesday, Abbie Zvejnieks, research analyst at Piper Sandler,...