Daily News

Company News Source: BNN Bloomberg June 03, 2023

Employees often 'collateral damage' when activist investors come calling

Experts say 1,500 recently announced job losses at Suncor Energy Inc. are an example of the type of "collateral damage" that can occur when an activist investor comes calling. The Calgary-headquartered oil company — which has operations in Canada, the U.S....

Source: Financialpost June 03, 2023

Toronto home price surge biggest since pandemic peak

Another sign of persistent inflation just before the Bank of Canada's decides on rates The spring surge in Toronto house prices accelerated again in May, providing another sign of persistent inflation in parts of the Canadian economy before a k...

Source: BNN Bloomberg June 02, 2023

Big tech powers stock gains in run-up to jobs data

A renewed rally in tech giants extended this year’s surge in the S&P 500 to almost 10 per cent ahead of Friday’s jobs report amid bets the Federal Reserve will pause its interest-rate hikes in June. After a brief respite in the colossal advance of big tech...

Source: BNN Bloomberg June 02, 2023

TSX recap: Index gains on energy and base metals

Canada's main stock index gained a hundred points Thursday led by strength in the energy and base metals sectors, while U.S. stock markets also climbed higher. The S&P/TSX Composite Index closed up 100.01 points, or 0.51 per cent, at 19,672.25, with the en...

Market Call Source: BNN Bloomberg June 02, 2023

Zach Curry's Top Picks: June 1, 2023

Zach Curry, director and portfolio manager, Greenrock Capital Partners FOCUS: North American large caps MARKET OUTLOOK: Higher-than-expected inflation over the past two years has caused central banks around the world to raise interest rates, puttin...

Source: Financialpost June 02, 2023

How changes to the alternative minimum tax system could affect Canadians

Jamie Golombek: High-income earners and people with once-in-a-lifetime gain from property, business sale may be affected Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission...

Source: Financialpost June 02, 2023

Home construction is slowing — and that's bad news for buyers and Justin Trudeau

Liberal government's plan to boost immigration is about to collide with a housing affordability crisis TORONTO — Canada’s residential construction activity has slowed in recent months due to a tight labour market and higher borrowing costs, a f...

Source: Financialpost June 02, 2023

Commodities are crashing, signalling disinflation is taking hold for now

The cost of some of the world’s most important products is crashing, bringing long-awaited relief for consumers From copper to wheat to natural gas, the cost of some of the world’s most important products is crashing, bringing long-awaited reli...

Source: Financialpost June 02, 2023

China is drilling a 10,000-meter-deep hole into the Earth

The world’s second largest economy explores new frontiers below the planet’s surface Chinese scientists have begun drilling a 10,000-meter (32,808 feet) hole into the Earth’s crust, as the world’s second largest economy explores new frontiers a...

Source: Financialpost June 02, 2023

Outgoing CEO of Canadian construction giant says finding workers will be his successor's biggest job

Geoff Smith says EllisDon has had to shift focus multiple times since the pandemic The outgoing chief executive of one of Canada’s largest construction services companies says his priority during his tenure was hunting for clients, but that his...