Daily News

After Lowe’s Cos. reported its fourth-quarter earnings on Tuesday, with like-for-like sales dropping 6.2 per cent, one market analyst says these results are reflective of a high mortgage rate environment that may be causing homeowners to step back from home c...

Canada's main stock index was little changed Tuesday as bank earnings began to roll in, while U.S. markets were mixed. The S&P/TSX Composite Index was down 5.41 points at 21,318.90, or 0.03 per cent . In New York, the Dow Jones Industrial Average was do...

Lowe’s Cos. said its sales will fall further this year as consumers continue to hold off from sprucing up their homes amid higher mortgage rates and a drop in new construction projects. Inflation and a stagnant housing market have made DIY customers “hesit...

Earnings at Bank of Montreal and Bank of Nova Scotia were marred by increasingly cash-strapped consumers and businesses amid a challenging economic landscape.   The two Toronto-based banks — the first of the big Canadian lenders to report fiscal first-quar...

Buying local the thin edge of the protectionist wedgeI got what looked like a nice email from Amazon last week. There were no spelling mistakes, so I figured it wasn’t a Russian bot and I could click on it. I was right. It was Amazon announcing a new initiat...

Recent tax cases concerning signing bonuses and RCAs will make life even harder for Canadian teamsThe more you look at the Canada Revenue Agency’s case against Toronto Maple Leafs captain John Tavares, the more concern it raises. We apologize, but thi...

The bank, analyst called 'canary in the coal mine,' shows growing stress of consumer lendingBank of Nova Scotia missed analysts’ estimates for loan-loss provisions amid growing stress in consumer lending as the Canadian economy weakens as well as higher deli...

Granted to help customers handle rapid rise in interest ratesBank of Montreal is slowly whittling down a pile of ultra-long mortgages that it granted to Canadian customers to help them handle the rapid rise in interest rates. We apologize, but this vi...

The stock market lost steam near record highs as traders braced for a barrage of economic data and remarks from Federal Reserve speakers that will help shape the outlook for interest rates. Wall Street is also keeping a close eye on how the market will man...

After Reddit Inc. filed for an initial public offering (IPO) last week, with its listing valuation still undisclosed, one IPO market expert says investors could be looking at a valuation within US$4-6 billion. Greg Martin, managing director of Rainmaker Se...