Daily News

Source: Financialpost November 10, 2022

Freeland promises 'more carrots' as Ottawa's moves to boost green energy called 'cumbersome'

Finance Minister faced some pointed questions at Calgary Chamber of Commerce event Ottawa will have to dangle “even more carrots” in its bid to attract capital to Canada for investments in the green energy transition amid a global race to decar...

Source: Financialpost November 10, 2022

Stocks skyrocket in best inflation day rally in more than a decade

Half point hike in December now seen as more likely than three-quarter Stocks surged in a buy-everything relief rally as slower-than-projected price growth spurred bets the Federal Reserve can downshift its aggressive rate-hike path....

Source: Financialpost November 10, 2022

Ontario Teachers' Pension reveals $95-million exposure to troubled crypto exchange FTX

FTX was a high-flyer in the crypto world before its spectacular fall this week The Ontario Teachers’ Pension Plan Board says its potential exposure to fallout from troubled cryptocurrency exchange FTX, in which a total of US$95 million was inve...

Source: Financialpost November 10, 2022

CRA denies taxpayer's costs of getting to work, but judge says taxman got it wrong

Jamie Golombek: A recent case walks us through a comprehensive legal analysis of when non-reimbursed employment travel may be tax deductible Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an...

Executive Summary Source: Financialpost November 10, 2022

Posthaste: Canadians' inflation misery lifts provincial budgets from deficits to 'sizable' surpluses

But provinces' good fiscal fortune may not last, RBC economists say Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page....

Source: BNN Bloomberg November 09, 2022

U.S. stocks notch three-day rally ahead of vote results

  U.S. stocks rose for a third day as investors awaited midterm election results and monitored the selloff in crypto tokens that wiped out more than 10 per cent from the price of Bitcoin. The dollar fell with Treasury yields.  The S&P 500 closed higher,...

Source: BNN Bloomberg November 09, 2022

TSX recap: Index closes 0.59% higher amid strength in utilities

Canada's main stock index was up more than 100 points Tuesday, buoyed by strength in base metals and utilities, while U.S. markets were also up.  The S&P/TSX Composite Index was up 114.40 points, or 0.59 per cent, at 19,660.31. Sign up to get breakin...

Market Call Source: BNN Bloomberg November 09, 2022

Gordon Reid's Top Picks: November 8, 2022

Gordon Reid, president and chief executive officer, Goodreid Investment Counsel FOCUS: U.S. equities MARKET OUTLOOK: As poor as September was in the financial markets, October was its mirror image. These extremes happen with regularity in markets,...

Source: Financialpost November 09, 2022

Amazon becomes first public company to lose $1 trillion in market value

Shares in the e-commerce and cloud company fell as much as 4.6% on Wednesday Amazon.com Inc. is the world’s first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening monetary policies and d...

Source: Financialpost November 09, 2022

Mortgage lender halts payouts as loan repayments slow

Toronto-based fund defers redemptions amid liquidity crunch Canadian real estate lender Romspen Investment Corp. has halted redemptions on its largest fund after a number of borrowers stopped making payments. We apologi...