Daily News

Source: BNN Bloomberg April 17, 2024

Markets today: U.S. two-year yield hits 5% after Powell’s remarks

  The world’s biggest bond market remained under pressure, the dollar rose and stocks wavered after Jerome Powell signaled policymakers are in no rush to cut interest rates. Speaking Tuesday, the U.S. Federal Reserve chief said it will likely take longe...

Source: BNN Bloomberg April 17, 2024

Canada taps ex-BOC governor to examine how pension funds invest

Canada’s finance minister has asked former central bank governor Stephen Poloz to examine ways to entice its pension funds to invest more in the country. Poloz will lead a “working group” that will look at what it will take to get Canadian pensions to put...

Source: Financialpost April 17, 2024

Canada's capital gains tax hike another blow to productivity, say economists

'With this budget, the Trudeau government is shooting us in the foot'Finance Minister Chrystia Freeland delivered a federal budget Tuesday that keeps the deficit capped at $40 billion, but introduces new taxes that largely offset billions in new spending. He...

Source: Financialpost April 17, 2024

Ottawa hikes capital gains tax to raise billions for housing

Will tax companies on two-thirds of their capital gains, up from half currentlyReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Canada...

Source: Financialpost April 17, 2024

Canada budget 2024: The key highlights

From housing to taxes to health care, here's what you need to know in a hurryOTTAWA — Finance Minister Chrystia Freeland introduced the 2024 federal budget on Tuesday. Some key highlights: We apologize, but this video has failed to load. Try refreshin...

Source: Financialpost April 17, 2024

‘Welcome news’ on inflation raises odds Bank of Canada will cut interest rate in June

Cooling core inflation strengthens case for interest rate relief, say economistsCanada’s inflation rate picked up slightly in March to 2.9 per cent from 2.8 per cent in February, Statistics Canada said Tuesday, but the consumer price index (CPI) release sugg...

Source: Financialpost April 17, 2024

Ottawa hikes capital gains tax, amends AMT rules in federal budget 2024

Jamie Golombek: Capital gains tax going up for certain people, trusts and companiesReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Th...

Source: BNN Bloomberg April 16, 2024

Markets today: S&P 500 breaks below 5,100 as Big Tech sells off

  Tech megacaps dragged down stocks as bond yields jumped after hot retail sales spurred bets the Federal Reserve will be in no rush to cut rates. Oil trimmed losses on geopolitical angst. In a volatile session, the S&P 500 fell about one per cent after...

Source: BNN Bloomberg April 16, 2024

New Gildan CEO Vince Tyra updates investors on priorities amid leadership battle

Gildan Activewear Inc.’s new CEO Vince Tyra gave an update to investors three months into his time leading the company as shareholder infighting over his hiring continues. Tyra outlined his strategic priorities for the company, with a focus on driving grow...

Source: Financialpost April 16, 2024

Business worries Justin Trudeau will hike taxes to pay for housing gambit

Government has already announced at least $46 billion for measures as it gets ready to unveil budget on TuesdayPrime Minister Justin Trudeau’s government is set to unveil an ambitious budget aimed at fixing housing affordability and helping young Canadians —...