Daily News

Source: Financialpost November 04, 2022

Enbridge announces $3.6 billion B.C. pipeline expansion as gas production nears record levels

Future demand from planned liquefied natural gas export projects underpinning move Canadian energy infrastructure firm Enbridge Inc. on Friday announced a $3.6 billion expansion of the southern segment of its British Columbia gas pipeline syste...

Source: BNN Bloomberg November 03, 2022

U.S. Fed expected to hike big again and open door to downshift

The Federal Reserve looks set to deliver a fourth straight super-sized rate increase with Chair Jerome Powell repeating his resolute message on inflation and opening the door to a downshift -- without necessarily pivoting yet. The Federal Open Market Commi...

Source: BNN Bloomberg November 03, 2022

TSX recap: TSX closes down 1.23%

Canada's main stock index was down more than 240 points by the end of Wednesday after a late-afternoon slump, while U.S. markets took a similar tumble, after another outsized rate hike by the Federal Reserve.  The S&P/TSX Composite Index was down 240.70 po...

Source: BNN Bloomberg November 03, 2022

Alberta carbon market woos speculators as asset manager piles in

A carbon market in oil-rich Alberta is getting an injection of speculative money from an asset manager jockeying to become a top investor on a platform dominated by energy firms. Durum Capital Inc. agreed to boost its holdings of carbon credits to more tha...

Source: BNN Bloomberg November 03, 2022

S&P 500 suffers worst 'Fed day' since January 2021

Stocks sold off as Jerome Powell continued to sound unequivocally hawkish as the Federal Reserve pushed ahead with its most-aggressive tightening campaign since the 1980s to thwart inflation. The S&P 500 suffered its worst rout on a Fed decision day since...

Market Call Source: BNN Bloomberg November 03, 2022

Michael Sprung's Top Picks: November 2, 2022

Michael Sprung, president, Sprung Investment Management FOCUS: Canadian large-cap stocks  MARKET OUTLOOK: Markets continue to be volatile as investors react to forces impacting the economic outlook. The war in Ukraine drags on, prolonging shortages...

Source: Financialpost November 03, 2022

Ottawa willing to accept lower returns, more risk to put $15-billion growth fund to work

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 The fund will inv...

Source: Financialpost November 03, 2022

Ottawa aims to balance fiscal restraint with targeted support amid darkening economic outlook

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 Fall economic sta...

Source: Financialpost November 03, 2022

Ottawa reveals plan for new tax on stock buybacks

The tax plan is expected to increase federal revenues by $2.1 billion over five years The federal government plans to impose a new tax on public companies who pursue share buybacks, a popular way to reward investors and reduce volatility, but o...

Source: Financialpost November 03, 2022

CRA says T4 slips insufficient proof of income for CRB eligibility and judge agrees

Jamie Golombek: Acceptable proof consists of pay slips, employment verification letters, ROE, bank statements and other documentation Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affilia...