Daily News

Source: BNN Bloomberg February 14, 2024

Markets today: U.S. markets jolted as Fed's 'last mile' looks elusive

Wall Street got a reality check on Tuesday, with hotter-than-estimated inflation data triggering a slide in both stocks and bonds.  Equities pushed away from their all-time highs as the consumer price index topped estimates across the board. Treasuries sol...

Source: BNN Bloomberg February 14, 2024

TSX recap: Index falls nearly 500 points in broad decline

Canada's main stock index lost more than two per cent on Tuesday on a broad-based decline, following U.S. markets as they slid on news that inflation in January was hotter than expected.  U.S. prices rose 3.1 per cent compared with January 2023, lower than...

Source: Financialpost February 14, 2024

Give your accountant a hug — you may not find another one

Kim Moody: Incomprehensible new tax legislation combined with fewer accountants may crash in a horrible wreckReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made thro...

Source: Financialpost February 14, 2024

Posthaste: If Canadians think car insurance is steep now, just wait until we're driving EVs

Higher purchase price and more costly repairs to drive up insurance premiums for EVs, says DBRS We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: If Canadians think...

Source: Financialpost February 14, 2024

Matthew Lau: Don't tax grocers, shut government food ministries

Surtaxes on grocery chain profits won't lower food prices. But shutting agriculture ministries would save money and improve efficiencyMany Canadians are unhappy about the food sector; they say high food prices are squeezing households. There are competing vi...

Source: Financialpost February 14, 2024

Top headlines: TSX falls over 500 points, U.S. stocks plunge in market rout

The latest business news as it happensToday’s headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: TSX falls over 500 points, U.S. stocks plunge in mark...

Source: BNN Bloomberg February 13, 2024

Markets today: S&P 500 rally hits a wall in run-up to CPI report

Wall Street kicked off the week with small moves in stocks, bonds and the dollar ahead of inflation figures that will help define the scope and timing of Federal Reserve rate cuts. Less than 24 hours before the consumer price index, the S&P 500 wavered. Wh...

Source: Financialpost February 13, 2024

CRTC asked to tear down Rogers' 'bulk agreements' with condo developers

Independent telecom Beanfield says the deals 'effectively eliminate end-user choice' and limit competitionTORONTO — Independent telecommunications provider Beanfield Metroconnect is asking the industry regulator to outlaw arrangements between carriers and de...

Source: Financialpost February 13, 2024

Tesla collapse has investors wondering if it’s still magnificent

Tesla is by far the worst performer in the Magnificent Seven index this yearIf you’re building a list of the most important stocks in the market, Tesla Inc. has to be on it. Or does it? We apologize, but this video has failed to load. Try refreshing y...

Source: Financialpost February 13, 2024

Posthaste: Suddenly, economists are pushing back forecasts for the Bank of Canada's first rate cut

Central bank seen cutting later and less after this data We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Suddenly, economists are pushing back forecasts for the B...