Daily News

Source: Financialpost January 16, 2024

Tesla gets a $94-billion reality check as EV winter sets in

Elon Musk's EV maker off to its worst start to any year — everTesla Inc. had a blockbuster 2023, as its shares more than doubled in 12 months, but 2024 is starting on a different note, with Elon Musk’s electric-vehicle maker off to its worst start to any yea...

Economy Source: Financialpost January 16, 2024

Economists think inflation started rising again in December

They explain their forecasts and what that means for Bank of Canada cutsEagerly anticipated inflation numbers for December — described by one economist as “the main event” this week — will be released by Statistics Canada on Jan. 16. After a series of unprec...

Source: Financialpost January 15, 2024

Economists weigh in on the Bank of Canada: FP videos

Three economists on where the economy and the Bank of Canada is headedEconomists weigh in on the economy and the Bank of Canada in these FP top videos. We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see oth...

Source: Financialpost January 15, 2024

Income gap between new immigrants and broader public narrowed dramatically: PBO

Total income of new immigrants rose from 55% of the median Canadian income to 78% between 2014-2018The income gap between new immigrants and the broader Canadian public narrowed dramatically in the years leading up to the pandemic, according to a report from...

Source: Financialpost January 14, 2024

Trans Mountain pipeline variance request gets approved by regulator

The pipeline is Canada’s only oil pipeline to the West Coast and its expansion will increase the pipeline’s capacity to 890,000 barrels per day from 300,000 bpd currentlyCALGARY — The imminent completion of the Trans Mountain pipeline expansion is more likel...

Source: BNN Bloomberg January 13, 2024

Markets today: U.S. bond traders reload Fed-cut wagers after PPI data

  Treasury two-year yields dropped to the lowest level since May as a surprise decline in producer prices reinforced bets on Federal Reserve rate cuts this year. Traders are pricing in an about 80 per cent chance of a Fed reduction in March — up from a...

Source: BNN Bloomberg January 13, 2024

The Week Ahead: inflation, Canadian retail sales

Monday, January 15 Notable events: Martin Luther King Jr. Day in the U.S., World Economic Forum meetings in Davos begin, Iowa caucus day in U.S. Notable data: Bloomberg-Nanos confidence poll, CREA monthly Canadian housing numbers, Bank of Canada busin...

Source: BNN Bloomberg January 13, 2024

TSX recap: Index eeks out small gain

Canada's main stock index posted a small gain Friday, while U.S. markets were mixed following a report on wholesale inflation and the start to fourth-quarter earnings season.  The S&P/TSX Composite Index closed up 71.82 points, or 0.34 per cent, at 20,990....

Source: Financialpost January 13, 2024

Howard Levitt: It's time for government and police to take anti-Semitic intimidation seriously

Authorities must articulate clearly that arrests will be made and charges laid for racist breaches of the criminal codeLiberal MP Marco Mendicino famously called in the police to make arrests, freeze bank accounts and break up the Ottawa trucker protests in...

Source: Financialpost January 13, 2024

Pierre Poilievre pledges to tie immigration levels to homebuilding

Trudeau has fallen far behind Poilievre in public polling, and the high cost of housing is likely part of the explanationThe Conservative politician who’s trying to take down Justin Trudeau said that if he’s elected, he would link Canada’s immigration levels...