Daily News

Source: BNN Bloomberg July 09, 2024

Hedge funds bet against gasoline in the middle of driving season

(Bloomberg) -- Hedge funds increased their bearish bets against gasoline prices to the highest in seven years after this year’s summer driving season has delivered only tepid demand so far. Money managers’ short-only positions in gasoline rose by 5,093 lots t...

Source: Financialpost July 09, 2024

Theo Argitis: Carney speculation summer mirage for disgruntled corporate Canada

For many in Canadian business, a federal election cannot come soon enoughIn the maelstrom of political upheaval that has characterized the past couple of weeks, amid the dozens of stories chronicling Justin Trudeau’s precarious standing, one report must have...

Source: Financialpost July 09, 2024

Posthaste: Obstacles to the Bank of Canada cutting rates are fading — except for this one

There is one thing that could be a fly in the ointment on July 24 We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Obstacles to the Bank of Canada cutting rates are f...

Source: Financialpost July 09, 2024

You may qualify for this valuable tax credit without even knowing it

Jason Heath: Onus is on taxpayer to show they are eligible for disability tax creditReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. T...

Source: Financialpost July 08, 2024

Thinking about leaving Canada? Here are the financial considerations you need to know

Leaving Canada without prudent planning could see assets taxed at rates of more than 50 per centReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on...

Source: Financialpost July 08, 2024

Nearly 40% of new Canadians are considering moving due to housing costs

Alberta the preferred destination among those who want to move but stay in CanadaNearly 40 per cent of recent immigrants to Canada are considering moving to another province or leaving the country altogether due to a lack of housing affordability, a recent p...

Source: Financialpost July 07, 2024

Canadian uranium miner’s shares dive after Niger pulls permit

The African country has forged closer ties with Russia since a coup last year, paving the way for Moscow to seek access its mining interestsGoviEx Uranium Inc., a Canadian company that mines in Niger, plunged after reporting that the West African nation’s mi...

Source: Financialpost July 07, 2024

Philip Cross: Canada's 'energy blindness' must end

A flawed energy strategy means our country now has to import electricityIn its monthly update on energy trends, Statistics Canada reported this week that this year, for the first time ever, Canada has become a net importer of electricity. The switchover in o...

Source: BNN Bloomberg July 06, 2024

U.K. domestic stocks rise most this year on Labour election win

Shares exposed to the British domestic economy saw their best gains of the year, as the Labour Party’s landslide election victory spurred hopes that political stability could support a potential rebound in economic growth. The broader European market also gai...

Source: BNN Bloomberg July 06, 2024

Markets today: U.S. stocks up as path to September Fed cut gets wider

The stock market ended the week at all-time highs, with traders looking past signals of a slowdown in the world’s largest economy to focus on prospects for Federal Reserve rate cuts. In a post-holiday session marked by thin volume, the S&P 500 notched its...