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Source: Financialpost January 13, 2024

Terence Corcoran: Better start hoarding Pepsi and Frito-Lays

Grocery code of misconduct may be coming for your favourite productsAs we all know, the Canadian grocery business is a giant national price-gouging cabal of oligopolistic profiteers that rips off consumers and drives food inflation to levels that are causing...

Source: BNN Bloomberg January 12, 2024

Aritzia looking to new stores to boost business as it reports Q3 net income drop

Executives at Aritzia Inc. are leaning on a slew of new and upcoming stores to help boost business in its upcoming fiscal year. "Our new stores are our most consistent growth driver, historically delivering predictable revenue growth and propelling our bra...

Source: BNN Bloomberg January 12, 2024

Markets today: Stocks drop as 'not great' CPI whipsaws U.S. Treasuries

Wall Street saw a volatile session, with stocks down and bonds whipsawing after hotter-than-anticipated U.S. inflation data tempered bets on a Federal Reserve rate cut in March. All around trading desks, the prevailing view is that the consumer price index...

Technology Source: BNN Bloomberg January 12, 2024

Bitcoin ETF trades top US$3 billion in 'ground-breaking' first day

The first U.S. ETFs that directly hold Bitcoin are off to a strong start, with billions of dollars changing hands in a historical first day of trading for the long-sought investment vehicles.  Over US$3.5 billion shares have traded between the 11 U.S. spot...

Source: BNN Bloomberg January 12, 2024

TSX recap: Index down 0.34% on finance, utilities weakness

Canada's main stock index posted a modest loss Thursday, weighed down by the financial and utility sectors, while U.S. stock markets were mixed, but essentially flat. The S&P/TSX Composite Index closed down 71.02 points, or 0.34 per cent, at 20,918.40....

Source: Financialpost January 12, 2024

Increased CPP, EI deductions mean smaller paycheques — here's how to cope

Sandra Fry: These practical tips can help you get by on a slightly reduced take-home incomeReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this...

Source: Financialpost January 12, 2024

Top headlines: Hertz to sell 20,000 EVs in shift back to gas-powered cars

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: Hertz to sell 20,000 EVs in shift back to gas-powered...

Source: Financialpost January 12, 2024

Hertz to sell one-third of EV fleet in shift back to gas-powered cars

20,000 cars on the block amid weak demand, high repair costsHertz Global Holdings Inc. plans to sell a third of its United States electric vehicle fleet and reinvest in gas-powered cars due to weak demand and high repair costs for its battery-powered options...

Source: Financialpost January 12, 2024

Prospect of Bank of Canada rate cuts is boosting Canadians' views on the economy

Canadians appear to be riding a wave of optimism in latest Maru household pollCanadians appear to be riding a wave of optimism about the national economy and their personal financial prospects, according to latest results of an ongoing survey tracking househ...

Economy Source: Financialpost January 12, 2024

Trudeau botched immigration surge, Canada's top bank economists say

Rapid population growth causing economic damage and needs to be reconsideredCanada’s current immigration policy — among the most open in the world — is now causing economic damage and needs to be reconsidered, according to the country’s top economists....