Daily News

Source: BNN Bloomberg August 01, 2023

TSX recap: Index finishes 0.52% higher amid gains in tech stocks

Canada's main stock index closed up more than 100 points Monday led by gains in tech and metals, while U.S. markets also rose.  The S&P/TSX Composite Index was up 107.27 points, or 0.52 per cent, at 20,626.64. In New York, the Dow Jones Industrial Avera...

Source: Financialpost August 01, 2023

Shell agrees to divest western assets to get approval on Empire deal

Divestment will address competition issues likely to result from proposed transaction OTTAWA — Canada’s competition watchdog says Shell Canada Ltd. has agreed to divest some of its western assets to advance its $100 million deal to buy gas stat...

Source: Financialpost August 01, 2023

Foreign homebuyer ban discouraging international athletes, executives from investing in Canada

One reason for current sluggish pace of luxury home sales in Toronto Canada’s foreign homebuyer ban is discouraging non-Canadian athletes and executives from investing in the country, which is one reason for the current sluggish pace of luxury...

Source: Financialpost August 01, 2023

Diane Francis: Trudeau's cabinet shuffle is about politics, not governance

Trudeau has shuffled a bunch of professional politicians into ministries they have little or no knowledge about Prime Minister Justin Trudeau’s government has degraded Canada’s standing in the world since he took office in 2015. A cabinet shuff...

Source: Financialpost August 01, 2023

Sovereign debt defaults soar as governments feel pinch of higher rates, data show

Sovereign debt defaults rose 35% in 2022 Get the latest from Barbara Shecter straight to your inbox Sign Up The amount of sovereign debt in default rose by 35 per cent in 2022 as interest rates climbed, reaching US$558 billion and rep...

News Source: Financialpost August 01, 2023

Posthaste: Canada's so-called 'soft landing' may be harder than you think

Look for higher interest rates for longer and stalled growth, says economist We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canada...

Source: Financialpost July 31, 2023

Pizza Pizza taps Canadians' inflation fury

Watch CEO Paul Goddard on how Pizza Pizza is navigating a challenging economic environment Paul Goddard, chief executive of Pizza Pizza Ltd, talks with Financial Post’s Larysa Harapyn about how the company is navigating the challenging economic...

Economy Source: Financialpost July 31, 2023

Eight ways to fix Canada's creaking supply chains

Watch RBC economist Cynthia Leach on why Canada needs to fix transportation problems now Canada urgently needs to fix its supply chain as it competes for international investment dollars. Cynthia Leach, assistant chief economist at RBC Economic...

Source: Financialpost July 30, 2023

Subway is giving away free sandwiches for life — but there's a pretty big catch

You'll legally need to change your first name to 'Subway' for a chance to win Subway’s latest promotion in its effort to transform the brand also requires a change from its superfans. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscr...

Source: BNN Bloomberg July 29, 2023

​Software sector to benefit first from AI push: Investment head

The software industry will be among the first to see productivity and growth from the artificial intelligence boom, one investment professional says.    Speaking with BNN Bloomberg’s Andrew Bell, Stefan Slowinski, global head of software Research at BNP Pari...