Daily News

Source: Financialpost May 05, 2023

TD Bank and First Horizon call off US$13.4-billion merger deal

Unable to get clarity on if and when they would get the regulatory approvals Get the latest from Stephanie Hughes straight to your inbox Sign Up Toronto-Dominion Bank and First Horizon Corp. have agreed to terminate their merger agree...

Source: BNN Bloomberg May 04, 2023

TSX today: Index down as price of oil drops below US$70 per barrel

Canada's main stock index was lower in late-morning trading, weighed down by losses in energy stocks as the price of oil fell below US$70 a barrel, while U.S. stock markets were mixed.  The S&P/TSX Composite Index was down 6.08 points, or 0.03 per cent, at...

Source: BNN Bloomberg May 04, 2023

Gildan sees sales decline in first quarter, affirms full-year outlook

Gildan Activewear Inc. says it earned US$97.6 million in the first quarter of 2023, down 33.3 per cent from US$146.4 million a year earlier.  The Montreal-based company, which reports in U.S. dollars, says net sales for the quarter ended April 2 were US$70...

Source: BNN Bloomberg May 04, 2023

China restricts overseas access to corporate registry databases

Chinese financial data providers have recently stopped providing detailed information on the nation’s companies to overseas clients, underscoring the growing difficulty foreign firms face when trying to obtain data that Beijing may deem sensitive.   Wind I...

Source: BNN Bloomberg May 04, 2023

Parkland sees earnings rise 40 per cent in first quarter of 2023

Parkland Corp. says it earned $77 million in the first quarter of 2023, up 40 per cent from $55 million a year earlier. The Calgary-based convenience store operator and fuel retailer says sales and operating revenue for the quarter ended March 31 were $8.2...

Source: Bankofcanada May 04, 2023

Getting inflation back to 2%

Governor Tiff Macklem explains that higher interest rates are working to slow inflation but warns that getting all the way back to the 2% target may take time. He...

Source: Financialpost May 04, 2023

Gwyn Morgan: The public-private pay gap remains

As public-sector workers try to justify their excessive wage demands, private-sector workers struggle with the rising cost of groceries The Public Service Alliance of Canada (PSAC) walkout that essentially ended Monday had been brewing since la...

Source: Financialpost May 04, 2023

Entrepreneur launches new home retailer in former Bed Bath & Beyond stores

Doug Putman is taking over a third of the defunct retailer's locations in Canada for his own brand — rooms + spaces Serial entrepreneur Doug Putman, the man who revived dying brands like Toys “R” Us Canada Ltd., is launching a “better” version...

Source: Financialpost May 04, 2023

Posthaste: Homeowners buckling under high interest rates as mortgage rates balloon

Many anxious higher rates will lead to bigger payments come renewal time We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Homeowner...

Economy Source: Financialpost May 04, 2023

Trudeau's immigration policy worsening housing affordability crisis: Rosenberg

For housing market to normalize, home prices would need to correct by nearly 30%, David Rosenberg says Ottawa’s lofty immigration targets are exacerbating Canada’s housing affordability crisis that could create an “unstable situation” while pos...