Daily News

Source: Financialpost June 14, 2024

Chinese trader's US$20 million Russian copper shipment goes missing

Wuchan Zhongda Group Co. bought 2,000 tons of refined copper that should have been delivered last month, but never arrivedA giant state-owned Chinese commodities trader is nursing losses after a shipment of copper from Russia worth nearly US$20 million went...

Source: Financialpost June 14, 2024

How to handle the two capital gains inclusion rates planned for this year

Jamie Golombek: Draft legislation and backgrounder released this week provide some cluesReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this pag...

Source: Financialpost June 14, 2024

Tiff Macklem says things are going to be difficult if productivity doesn't grow

Bank of Canada has asked businesses to innovate — just like they did during the pandemic — to boost Canada's productivity Get the latest from Naimul Karim straight to your inbox Sign Up Bank of Canada governor Tiff Macklem says businesses should be in...

Source: Financialpost June 14, 2024

David Rosenberg: Poor economy means Bank of Canada has to keep cutting rates

All the central bank is doing now is damage control“Overall, recent data suggest the economy is still operating in excess supply.” Bank of Canada press release, June 5, 2024 We apologize, but this video has failed to load. Try refreshing your browser, or...

Source: BNN Bloomberg June 13, 2024

Markets today: U.S. stock bull run breaks record on Fed decision day

Stocks hit fresh all-time highs as the Federal Reserve did little to alter Wall Street’s bets that interest rates will drop at least twice in 2024 — even after the central bank’s more conservative outlook. The S&P 500 topped 5,400 for the first time, with...

Company News Source: BNN Bloomberg June 13, 2024

ADW Capital Management calls for strategic review at GFL Environmental

ADW Capital Management LLC has sent a letter to the board and management of GFL Environmental Inc. calling on the company to undertake a strategic review process. The U.S. investment manager says the waste management company should look to sell its environ...

Source: BNN Bloomberg June 13, 2024

Corus shares may be worthless after Rogers television raid, TD says

Shares of Canadian media company Corus Entertainment Inc. may be worth zero if Rogers Communications Inc. is successful in snatching away programming and trademark deals for channels owned by Warner Bros Discovery Inc., according to analysts at TD Cowen. C...

Market Call Source: BNN Bloomberg June 13, 2024

Stephen Takacsy's Top Picks: June 12, 2024

Stephen Takacsy, president, CEO & CIO, Lester Asset Management FOCUS: Canadian stocks  MARKET OUTLOOK: We continue to see a positive environment for both stocks and bonds in 2024. We always believed inflation was transitory and that inflation would...

Source: BNN Bloomberg June 13, 2024

National Bank deal at 'hefty premium' to test investor patience

National Bank of Canada’s deal to acquire a smaller rival in western Canada makes strategic sense, analysts said, but the transaction may take years to deliver on its promised benefits for shareholders. Shares of the Montreal-based lender fell almost 6 per...

Source: Bankofcanada June 13, 2024

Reviewing our pandemic actions

Deputy Governor Sharon Kozicki talks about the importance of central bank transparency and accountability. She looks at the exceptional monetary policy measures th...