Daily News

Source: Financialpost April 06, 2024

CRA says you'd better be working from home to claim home-office expenses

Jamie Golombek: A visiting nurse who kept a home office argued he should be able to claim office expenses, but CRA, judge disagreedReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission fr...

Economy Source: Financialpost April 06, 2024

Canada's unemployment rate jumps to 6.1% as job growth stalls unexpectedly

Economy sheds 2,200 jobsCanada’s labour market unexpectedly lost jobs and the unemployment rate jumped to the highest level in more than two years, signalling greater slack in the economy that will test the central bank’s patient stance on rate cuts....

Source: BNN Bloomberg April 05, 2024

Markets today: S&P 500 falls 1% as oil jump spurs flight to bonds

Stocks fell ahead of Friday’s jobs report as a rally in oil amid geopolitical tensions triggered a flight to the safest corners of the market. Treasuries climbed and the dollar closed near session highs. The S&P 500 dropped 1.2 per cent, wiping out earlier...

Source: BNN Bloomberg April 05, 2024

The Daily Chase: TMX opening date, gold hits new high

Here are five things you need to know this morning: Dollarama raking in the dollars: Dollarama raised its dividend by almost 30 per cent after posting quarterly results that showed sharply higher revenue, profit and same-store sales. The discount retailer...

Technology Source: BNN Bloomberg April 05, 2024

Amazon investors eye swelling cash pile with stock near record

For years, Amazon.com Inc. has been the stingiest among tech megacaps to give back capital to shareholders. Now, it’s generating so much cash that some on Wall Street are anticipating more generous returns. After a record haul of US$32 billion in free cash...

Company News Source: BNN Bloomberg April 05, 2024

'Can this pace continue?' analyst wonders after Dollarama reports Q4 profit, sales growth

As Dollarama Inc. reported fourth-quarter profit and sales gains, as well as a dividend hike, one analyst says the biggest question regarding the retailer is if it can sustain its pace of growth.  The Montreal-based retailer reported its fourth-quarter ear...

Source: Financialpost April 05, 2024

Home prices set to hit record in 2026 amid unrelenting demand: CMHC

Buyers will return to housing market in second half of 2024, CMHC saysCanadian housing prices could reach a new record by 2026, driven by unrelenting demand from a growing population, according to an outlook published by the national housing agency on Thursd...

Source: Financialpost April 05, 2024

Growing skepticism on interest rate cuts has mortgage market on edge

Robert McLister: Strong jobs numbers could prompt traders to pump up bond yields, with mortgage rates feeling the burnThe rate market is on edge, pending Friday’s pivotal employment reports north and south of the border. Bondholders are hungry for signs of a...

Source: Financialpost April 05, 2024

Posthaste: Here's another sign interest rates have more Canadians walking a financial tightrope

Latest bankruptcy data shows consumers scrambling for relief We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Here's another sign interest rates have more Canadian...

Source: Financialpost April 05, 2024

The winners and losers as the loonie keeps flying south

Rosenberg Research: A weak loonie is not a thing to automatically fearThe Canadian dollar looks set to take a dive this summer, or at least to remain weak for some time to come. We apologize, but this video has failed to load. Try refreshing your brow...