Daily News

Source: BNN Bloomberg December 23, 2022

TSX recap: Index finishes 1.13% lower amid losses in energy

Canada's main stock index closed down more than 200 points Thursday, pulled down by broad-based losses, while U.S. markets also reversed much of the gains made Wednesday, with the Nasdaq tumbling more than two per cent. Sign up to get breaking news emai...

Market Call Source: BNN Bloomberg December 23, 2022

Paul Harris' Top Picks: December 22, 2022

Paul Harris, partner and portfolio manager, Harris Douglas Asset Management FOCUS: North American and global socks  MARKET OUTLOOK: The U.S. Federal Reserve and other central banks reiterated that the priority remained the fight against inflation r...

Source: BNN Bloomberg December 23, 2022

U.S. stocks snap two days of gains; dollar rises

U.S. stocks dropped on Thursday as investors digested data validating the Federal Reserve’s assertion that the economy is robust enough to withstand more tightening. Technology stocks were battered after a gloomy outlook from chipmaker Micron Technology Inc....

Source: BNN Bloomberg December 23, 2022

Tech stocks head for worst December since 2002 as Fed optimism fades

Technology stocks are headed for their worst December since the bursting of the dotcom bubble two decades ago as optimism about potential relief from Federal Reserve interest-rate hikes faded on signs of labor-market strength. Sign up to get breaking ne...

Source: Financialpost December 23, 2022

How Ottawa's zero-emission vehicle mandate might affect auto prices

Some say prices will only go higher It’s no secret the price of cars has risen dramatically in the past two years, which might leave buyers wondering this holiday season if auto prices are about to come down, or if they’re only headed higher....

Source: Financialpost December 23, 2022

Matthew Lau: Parliament’s economic blockheads weigh in on food prices

Three cheers for the corporate and industry executives who defend their businesses and industry from senseless political attacks At the Standing Committee on Agriculture and Agri-Food’s meeting last week, MPs interrogated corporate and industry...

Source: Financialpost December 23, 2022

More condo investors are hitting the sell button

Watch: Steve Saretsky, a Vancouver realtor, talks about the outlook for the real estate market in 2023 Steve Saretsky, a Vancouver realtor, talks to the Financial Post’s Larysa Harapyn about the outlook for the real estate market in 2023....

Source: Financialpost December 23, 2022

CRA tries to catch taxpayer who made an incorrect TFSA catch-up contribution

Jamie Golombek: The CRA refused to grant the taxpayer relief on penalties, but a judge said the taxman was in the wrong Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission...

Source: Financialpost December 23, 2022

Markets are freaking out over America's robust GDP reading

Wall Street’s major averages closed sharply lower on Thursday with the technology-heavy Nasdaq leading declines amid investor worries that data showing a resilient economy would lead the U.S. Federal Reserve to keep hiking interest rates for long...

Economy Source: Financialpost December 23, 2022

What you need to know about Canada's latest inflation numbers

Watch: Here's what November's 6.8% inflation reading means for consumers and the Bank of Canada The consumer price index increased 6.8 per cent from November 2021, down from year-over-year increases of 6.9 per cent in September and October, Sta...