Daily News

Source: Financialpost January 27, 2023

Food price hikes coming in February as cost blackout ends, Metro CEO says

Another round of price hikes will start hitting grocery stores in the coming weeks Another round of price hikes will start hitting grocery stores in the coming weeks, mostly due to the end of a little-known holiday tradition in the grocery busi...

Source: Financialpost January 27, 2023

Mortgage renewals put homeowners in 'precarious position'

Watch: How interest rates are impacting the housing market Leah Zlatkin, Lowest rates expert, Lowestrates.ca, talks with Financial Post’s Larysa Harapyn about how mortgage renewals put homeowners in a ‘precarious position.’...

Source: Financialpost January 27, 2023

Jack Mintz: A 'just transition' out of energy? Ask the people of Hanna about that

Ottawa's agenda is to replace lost jobs with jobs that are sustainable jobs, but not necessarily well-paying The talk of the town in Calgary this week is the leaked briefing note for the federal ministerial presentation to the House of Commons...

Source: Financialpost January 27, 2023

CRA taken to court after denying spousal support payments as tax deductible

Jamie Golombek: There are tax consequences to take into account when making a separation agreement Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made t...

Economy Source: Financialpost January 27, 2023

What the Bank of Canada's 'conditional pause' on rate hikes means

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Watch: Desjardins...

Source: BNN Bloomberg January 26, 2023

NYSE gets wave of sell orders, unleashing stock-market chaos

The New York Stock Exchange is probing what caused wild price swings and trading halts when the market opened on Tuesday as shares for dozens of the biggest U.S. companies suddenly plunged or spiked. A “technical issue” that the exchange didn’t immediately...

Source: BNN Bloomberg January 26, 2023

Tech knocked down after Microsoft’s reality check

U.S. stocks slumped after Microsoft Corp. warned about a slowdown in sales, fueling concern that even stalwart of the technology industry is getting hit as the economy cools. Shares of the software giant tumbled more than 4 per cent, putting the Nasdaq 100...

Source: BNN Bloomberg January 26, 2023

TSX today: Index down amid losses in energy, industrials stocks

Canada's main stock index was down more than 100 points in late-morning trading led lower by losses in the energy and industrial sectors, while U.S. stock markets also fell.  The S&P/TSX Composite Index was down 136.25 points, or 0.66 per cent, at 20,493.3...

Market Call Source: BNN Bloomberg January 26, 2023

Jamie Murray's Top Picks: January 25, 2023

Jamie Murray, portfolio manager and head of research, Murray Wealth Group FOCUS: Global equities  MARKET OUTLOOK: The S&P 500 has bounced 15 per cent from its lows in October as inflation has rolled over and economies remain strong. Despite resound...

Company News Source: BNN Bloomberg January 26, 2023

Boeing disappoints with sixth loss in row as costs slow recovery

Boeing Co. reported a surprise loss to end 2022 — its sixth straight money-losing quarter — as higher costs slowed the planemaker’s recovery even though a late flurry of jet deliveries drove a surge in cash. Adjusted earnings were negative US$1.75 a share...