Daily News

Source: Financialpost July 19, 2023

Canada pushing ahead with tax on Big Tech opposed by U.S., Freeland says

Ottawa already agreed to a delay in 2020 on implementing digital services tax Canada still plans to introduce a digital services tax in 2024 despite U.S. opposition, Finance Minister Chrystia Freeland said. THIS CONTENT IS RESERVED FOR...

Source: Financialpost July 19, 2023

Posthaste: Is income tax rate on the wealthy too high? A lot of Canadians seem to think so, poll suggests

More than half of Canadians say top personal tax rate should be 50% or less, but it exceeds that in all but two provinces We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see othe...

Source: Financialpost July 19, 2023

'Bank of Canada can't get too excited': What economists are saying about inflation numbers

Some think inflation will go up again from here Headline inflation slowed to 2.8 per cent in June, beating analyst estimates of a year-over-year increase of three per cent, but some economists warn it could again rise above three per cent in th...

Economy Source: Financialpost July 19, 2023

Inflation cools to 2.8% in June, but food and mortgage costs up sharply

Prices at the grocery store rose 9.1% in sign of tricky balancing act ahead for central bank The rise in consumer prices decelerated again in June, but costs for shelter and food are still putting a strain on Canadians’ wallets, evidence that b...

Source: BNN Bloomberg July 18, 2023

U.S. stocks climb after Yellen eases recession fears

U.S. stocks resumed a rally as investors weighed bets the Federal Reserve is approaching the end of its interest-rate hikes against evidence pointing to a slowdown in China’s economy. The S&P 500 gained 0.4 per cent and the tech-heavy Nasdaq 100 rose 0.8 p...

Market Call Source: BNN Bloomberg July 18, 2023

Brendan Caldwell's Top Picks: July 17, 2023

Brendan Caldwell, president, CEO and CIO, Caldwell Investment Management FOCUS: North American large-cap stocks  MARKET OUTLOOK: Macroeconomic statistics paint a mixed picture of the overall health of the economy but consumer spending is resilient...

Source: BNN Bloomberg July 18, 2023

​Possible merger and acquisition deals that could benefit investors

Investors looking for stocks to buy that could be lifted from merger and acquisition activity should be looking at the 3D space, natural resources and cloud computing, an M&A strategist advises.    Speaking with BNN Bloomberg’s Amber Kanwar on Monday, Julian...

Source: BNN Bloomberg July 18, 2023

​U.S. banking stocks are trading at a discount: investment expert

As U.S. banks post strong quarterly results, one investment expert says the majority of these companies are trading at a large discount.  The sector is benefiting this season from lowered expectations, higher revenue from loans and in the case of JPMorgan...

Source: BNN Bloomberg July 18, 2023

TSX recap: Index finishes slightly lower amid losses in energy stocks

Weakness in energy and telecoms helped Canada's main stock index tick lower after a mixed day of trading Monday, while U.S. markets rose.  The S&P/TSX Composite Index was down 35.28 points, or 0.17 per cent, at 20,226.79. In New York, the Dow Jones Indu...

Source: Financialpost July 18, 2023

Ring of Fire development stalled due to lack of dialogue with First Nations, Guilbeault says

'We haven’t been able to agree yet' Get the latest from Naimul Karim straight to your inbox Sign Up Environment Minister Steven Guilbeault says the lack of progress in mining projects in the mineral-rich Ring of Fire region in Norther...