Daily News

Market Call Source: BNN Bloomberg June 04, 2024

Cole Kachur's Top Picks: June 3, 2024

Cole Kachur, portfolio manager & Senior Investment Manager, Wellington-Altus Private Wealth  FOCUS: North American stocks, ETFs MARKET OUTLOOK: With lower volume levels typically seen after Memorial Day, we are in an investing period where you will...

Source: Financialpost June 04, 2024

Ontario expects to land another EV battery plant

Province has its eyes on three more prospects and is confident it will land at least oneOntario expects to land another major electric vehicle battery plant, its economy minister said, as Canada’s most populous province tries to capitalize on what it views a...

Source: Financialpost June 04, 2024

Diane Francis: Convicted Donald Trump is now at his most dangerous

Two-thirds of Americans believe violence is a real possibility if he loses the next electionNEW YORK CITY — Donald Trump would have Americans believe that his conviction on 34 felony counts last week proves that their legal system is rigged and corrupt and t...

Source: Financialpost June 04, 2024

To cut or hold interest rates — all eyes are on the Bank of Canada

Economists say there are risks to the economy if the central bank doesn’t cut in June or signal a cut for July Get the latest from Barbara Shecter straight to your inbox Sign Up This Wednesday’s rate-setting announcement will be closely watched for th...

Source: Financialpost June 04, 2024

TD Bank faces fresh allegations as bribery woes spread to Florida

A former retail banker in a Hollywood, Fla. falsified documents to open accounts that helped cash flow across borders, according to U.S. prosecutorsFresh allegations that a longtime Toronto-Dominion Bank branch worker in Florida took a series of US$200 bribe...

Source: Financialpost June 04, 2024

Posthaste: What happened to the Canadian dollar the last time the Bank of Canada and Fed parted ways

Watch out below for a falling loonie We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: What happened to the Canadian dollar the last time the Bank of Canada and Fed pa...

Source: Financialpost June 03, 2024

Higher for longer rates mean no escape from the debt squeeze

An estimated 76% of outstanding Canadian mortgages will come up for renewal by 2026Companies going bust, mounting credit card debt, higher mortgage bills. We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see oth...

Source: Financialpost June 02, 2024

'The airline cemetery:' Why low-cost airlines don't work in Canada

Watch: John Gradek says duopoly of Air Canada and WestJet Airlines kills competitionJohn Gradek, faculty lecturer, supply networks at Montreal’s McGill University, talks with Financial Post’s Larysa Harapyn about how the Canadian Competition Bureau is lookin...

Source: Financialpost June 02, 2024

Ottawa posts $50.9 billion deficit for 2023-24 fiscal year

Revenues were up $13.7 billion, or 3.2%, to $444.8 billionOTTAWA — The federal government ended the 2023-24 fiscal year with a deficit of $50.9 billion. We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other...

Source: BNN Bloomberg June 01, 2024

Trump Media shares swing wildly and then tumble a day after former president was convicted

Shares of Trump Media & Technology Group swung wildly at the opening bell Friday, falling rapidly after it appeared that the owner of social networking site Truth Social, would bounce back despite the conviction of the former President Donald Trump in his hus...