Daily News

Source: Financialpost May 31, 2024

CRA wins against two more taxpayers fighting pandemic aid repayment

Four years after COVID-19, courts continue to hear cases challenging eligibility for CERB and other benefitsReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made throu...

Source: BNN Bloomberg May 30, 2024

Markets today: Stocks slide as weak treasury sale lifts U.S. yields

    A slide in bonds dragged down stocks as another weak sale of Treasuries raised concern about swelling supply that could keep driving yields up at a time when the Federal Reserve is in no rush to cut rates. The U.S. sold US$44 billion of seven-yea...

Company News Source: BNN Bloomberg May 30, 2024

WeWork rival’s CEO sells US$87M of shares to pay bank loan

IWG Plc Chief Executive Officer Mark Dixon sold more than 10 per cent of his stake in the world’s biggest operator of serviced offices to pay off a personal loan, sending the stock to its biggest decline in almost two years. Dixon sold 35 million shares in...

Source: BNN Bloomberg May 30, 2024

Hedge funds' exposure to Magnificent 7 at record high as Nvidia soars

Hedge funds’ exposure to U.S. technology behemoths hit a record high following Nvidia Corp.’s estimate-thumping earnings report last week, according to Goldman Sachs Group Inc.’s prime brokerage. The so-called Magnificent Seven companies — Nvidia, Apple In...

Market Call Source: BNN Bloomberg May 30, 2024

Hap Sneddon's Top Picks: May 29, 2024

Hap Sneddon, president and chief portfolio manager, Castlemoore FOCUS: Technical analysis MARKET OUTLOOK: Corporate earnings are decent, with analysts raising their first-quarter consensus to six per cent from 5.7 per cent, their second quarter and...

Source: Bankofcanada May 30, 2024

Future-proofing our payments systems

Executive Director of Payments, Supervision and Oversight Ron Morrow talks about how payments have evolved in Canada and why it’s important to modernize our paymen...

Source: Financialpost May 30, 2024

Howard Levitt: Recent rulings mean terminated employees may not need proof of distress for damages claims

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 Workday Workday Employers should be extra cautiou...

Source: Financialpost May 30, 2024

What's going on at Red Lobster and is the endless shrimp promotion to blame?

The seafood chain has 27 locations in Canada, primarily in Ontario, but has four in Alberta, two in Saskatchewan and one in ManitobaAfter filing for bankruptcy in the U.S. this month, the future of the beleaguered seafood restaurant chain Red Lobster is up i...

Source: Financialpost May 30, 2024

BMO lowers rate-cut expectations amid mixed second quarter results

Higher provisions for credit losses caused bank to fall short of analyst estimates Get the latest from Barbara Shecter straight to your inbox Sign Up The effects of “higher for longer” interest rates dampened an otherwise strong operating quarter for...

Source: BNN Bloomberg May 29, 2024

Wall Street moves to fastest settlement of trades in a century

The U.S. stock market is finally as fast as it was about a hundred years ago. That was the last time share trades in New York settled in a single day, as they will from Tuesday under new U.S. Securities and Exchange Commission rules. The change, halving th...