Daily News

Commodities Source: BNN Bloomberg January 05, 2024

Oil price news: Oil slips as rising U.S. gasoline inventories signal shaky demand

Oil fell as rising gasoline stockpiles in the U.S. signalled a shaky picture for demand, undercutting the effect of output disruptions in Libya. West Texas Intermediate edged lower to settle near US$72 a barrel after swinging in a $3 range. Traders weighed...

Source: BNN Bloomberg January 05, 2024

TSX recap: Index defies energy weakness, climbs 0.25%

Canada's main stock index posted a small gain Thursday despite weakness in energy stocks, while U.S. markets ended the day mixed. After a weak start to the year with some of 2023’s winners leading the way down, Thursday saw markets start to stabilize, said...

Source: Financialpost January 05, 2024

Matthew Lau: Steven Guilbeault, 'policymaker of the year,' is killing economic growth

Environment minister shackling economy with new rules for clean fuels and electricity and caps on oil and gas emissionsThe Ottawa-based Macdonald-Laurier Institute has named Steven Guilbeault, federal minister of environment and climate change, its 2023 poli...

Source: Financialpost January 05, 2024

Top headlines: Rogers cellphone prices to go up for customers not on contracts

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: Rogers cellphone prices to go up for customers not on...

Source: Financialpost January 05, 2024

Interest rate cuts, return to growth on economic horizon, Deloitte says

Predicts rate cuts as early as this springTORONTO — The Canadian economy will return to growth in the second half of 2024, with interest rate cuts as early as this spring, according to a new forecast by Deloitte Canada. We apologize, but this video ha...

Source: Financialpost January 05, 2024

Taxpayers' strange excuses don't sway courts after CRA denies CERB, CRB eligibility

Jamie Golombek: Taxpayers were unwilling to provide necessary proof of income to claim benefits in two recent casesReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases mad...

Source: BNN Bloomberg January 04, 2024

Markets today: Tech stocks log four-day losing streak, bonds rise

U.S. stocks extended a slump while bonds edged higher in the aftermath of the minutes of the Federal Reserve’s last meeting. The Nasdaq 100 fell 1.1 per cent, extending a losing streak for a fourth day — the longest in over two months — as investors contin...

Source: BNN Bloomberg January 04, 2024

Evercore sees private equity deals bouncing back as funds seek cash for partners

Private equity firms will face additional pressure to sell assets and return capital to investors after two years of sluggish dealmaking, according to a senior executive at Evercore Inc. The global value of mergers and acquisitions and related transactions...

Source: BNN Bloomberg January 04, 2024

TSX recap: Index finishes 0.26% lower

Canada's main stock index lost more than 50 points Wednesday despite strength in energy stocks, while U.S. stock markets also fell. The S&P/TSX Composite Index closed down 53.56 points, or 0.26 per cent, at 20,818.58. In New York, the Dow Jones Industri...

Real Estate Source: BNN Bloomberg January 04, 2024

'Darkest before dawn': Another tough year for office REITs but opportunities may lurk

It’s poised to be another challenging year for office real estate investment trusts, but some money managers say there could be decent entry points in the sector for long-term investors. “We are in a 'darkest before dawn' scenario heading into 2024 for off...