From $16 billion to zero: Fortune of FTX's Bankman-Fried wiped out: Venus Feng and Tom Maloney, Bloomberg News
In possibly one of the greatest-ever destructions of wealth, FTX's Bankman-Fried goes from a $16 billion fortune to zero in days. Read on.
Lion Electric's stock surges after school bus orders get a boost: Marisa Coulton
Lion Electric's shares climbed 12 per cent this week after orders for its EV school bus got a boost from U.S. subsides. Read more here.
Kevin Carmichael: Why the Bank of Canada's mandate renewal a year ago is causing Macklem headaches today: Kevin Carmichael
Confusion about the Bank of Canada’s motivations have arisen because of a tweak to the mandate around employment. Kevin Carmichael explains.
Departure of Onex's influential CEO Gerry Schwartz marks end of a dealmaking era: Barbara Shecter
Consummate Canadian dealmaker Gerry Schwartz is stepping down as Onex CEO marking the end of an era. Read more here.
Giant Tiger CEO departs amid efforts to position retailer as go-to discount store for inflation-weary shoppers: Bianca Bharti
Giant Tiger's CEO Paul Wood left amid the worst inflation crisis in 40 years, complicating the retailer's plans to deliver savings. Read on.
Giant Tiger fires CEO amid efforts to position itself as go-to discount store for inflation-weary shoppers: Bianca Bharti
Giant Tiger fired CEO Paul Wood amid the worst inflation crisis in 40 years, complicating the retailer's plans to deliver savings. Find out more.
David Rosenberg: Why that 'remarkable' stock market rally was just another head fake: David Rosenberg
David Rosenberg says stock market rallies like the 5.5% surge in the S&P 500 tend to happen in bear markets, not bull markets. Read more
Recession won't stop these Canadian employers from hanging on to staff: Steve Scherer and Julie Gordon, Reuters
The challenge of hiring over the last few months is giving some companies pause over laying off workers, recession or not. Find out more.
Onex founder Gerry Schwartz to step down as CEO: Denise Paglinawan
Onex Corp. founder Gerry Schwartz announced he will step down as chief executive next year. Find out more
Things investors should focus on and things they can probably ignore: Tom Bradley
Focus more on what’s important and less on what’s urgent, writes Tom Bradley. Read on.
Five steps to secure your family's long-term financial health: Special to Financial Post
These steps can help organize your thoughts to devise a financial plan, regardless of where you are in your family building journey. Read on
FP Answers: Should I put my seven rental properties into a corporation? Or is there a better option to save on taxes?: Julie Cazzin
There may be no annual tax savings by adding rentals to a corporation, especially if you are a highly paid employee. Read more.
Canadian companies Triple Flag and Maverix merge to boost gold-producing portfolio: Naimul Karim
The trend of deals in the gold sector continues as Triple Flag and Maverix Metals merge to boost their precious-metals portfolio. Read on.
Ikea offers staff cash, bigger discounts amid higher living costs: Eric Gaillard
Ikea says its most cash-strapped staff can apply for financial assistance through a social fund amid the rising cost of living. Read more.
Tiff Macklem says job market beginning to cool in fight against inflation: Stephanie Hughes
Bank of Canada governor said the labour market is cooling, a signal the central bank thinks its efforts to constrain inflation are working.
Competition Bureau opens probe of alleged 'greenwashing' by natural gas association: Barbara Shecter
Competition Bureau is probing a complaint alleging the Canadian Gas Association's description of natural gas as clean are false. Read on.
Slower U.S. inflation gives Fed room on interest-rate hikes: Hsbc Breadcrumb
U.S. inflation cooled in October by more than forecast, giving Federal Reserve officials room to slow down interest-rate hikes. Read on.
CRA denies taxpayer's costs of getting to work, but judge says taxman got it wrong: Jamie Golombek
Jamie Golombek: A recent case walks us through a comprehensive legal analysis of when non-reimbursed employment travel may be tax deductible
Is it prudence when Freeland spends $20 billion over budget? Opinion: Special To Financial Post
Ottawa’s culture of frivolous spending and never-ending deficits needs to end, writes Franco Terrazzano. Read on.
Lion Electric loses $17.2 million in the third quarter: Marisa Coulton
Lion Electric says it is ramping up electric vehicle production. Here's what you need to know about its third quarter earnings.
OSC alleges Cormark Securities was part of 'illegal' short-selling scheme: Barbara Shecter
Cormark and their client allegedly devised a complex series of transactions in 2017 that would profit — 'virtually risk-free' — from an anticipated spike in demand for Canopy Growth Corp shares
Mortgage lender halts payouts as loan repayments slow: Layan Odeh, Bloomberg News
Canadian real estate lender Romspen Investment has halted redemptions after a number of borrowers stopped making payments. Find out more
Why a stepfather was granted parenting time — and court costs — despite biological mother’s objection: Special to Financial Post
Today’s modern family is not just a product of biology. Find out more.
Cryptocurrency casualty FTX highlights need for co-ordinated international oversight: Canadian regulators: Barbara Shecter
The OSC's Grant Vingoe says the cryptocurrency sector is "challenging" to regulate. Read more.
David Rosenberg: The investor's case for Saskatchewan: It has what the world needs: David Rosenberg
Saskatchewan's growth potential is tremendous, write David Rosenberg and Julia Wendling. Read more to find out why.
Rogers misses after network outage takes big bite out of revenue: Derek Decloet, Bloomberg News
Rogers Communications Inc. reported earnings that were below analysts’ estimates. Find out more
Canada's coming immigration boom will be the biggest in 60 years: Gabriel Friedman
Episode 175 of Down to Business podcast
Mark Zuckerberg says 'sorry' after Meta cuts over 11,000 jobs: Kurt Wagner, Bloomberg News
Meta said its recruiting team will be disproportionately affected and its business teams would be restructured “more substantially.” Read on
Avoid these five mistakes when estate planning to preserve family peace: Ted Rechtshaffen
You've died and your children are fighting. It's likely you fell into the trap of these classic estate-planning mistakes. Read on.
Why so many forecasters got inflation's path dead wrong: Special To Financial Post
Mistakes on inflation and the lessons learned might be helpful in the unwinding of ultra-low interest rates, writes Peter Hall. Read more.
CUPE strikes underscore need for school choice in Ontario: Opinion: Special To Financial Post
It’s time to let Ontario’s families opt out of this never-ending drama by giving them the power to choose their kids’ schools. Read on.
Maple Leaf Foods posts loss after taking hit on plant protein business: The Canadian Press
Maple Leaf Foods Inc. reported a third-quarter loss as it took a one-time charge related to the value of its plant protein business. Read on
Quiet quitting is picking up speed as workers tune out from their jobs: Victoria Wells
A quiet quitting epidemic appears to be picking up speed amid mounting evidence workers are disengaging from their jobs. Read more.
Canadians' outlook on their finances, economy turned darker last month, poll shows: Gigi Suhanic
Maru's John Wright calls the results "the bleakest and most biting outlook that I have seen since we started this." Find our more.
National study suggests it's time to rethink how we treat atrial fibrillation - Financial Post: GlobeNewswire
National study suggests it's time to rethink how we treat atrial fibrillation Financial Post Canadian study suggests it's time to rethink how we treat atrial fibrillation Medical Xpress Progression of Atrial Fibrillation after Cr…
Emergencies Act inquiry shows we can't be selective on civil liberties: Special To Financial Post
Justin Trudeau's unjustified suspension of civil liberties has tainted his moral authority to govern, writes Joe Oliver. Read more.
Alberta, Saskatchewan politically ignored, abused by Ottawa: Opinion: Diane Francis
Saskatchewan and Alberta make revolutionary stands for their constitutional rights, writes Diane Francis. Read on.
What are share buybacks and why is Ottawa taxing them?: Bianca Bharti
Share buybacks, or stock buybacks, are one of five ways a company can spend its profits. Find out more.
Freedom Mobile sale not enough to offset competition blow if Rogers buys Shaw, tribunal hears: Barbara Shecter
Rogers Communications' deal for Shaw Communications is under the spotlight before a Competition tribunal. Here is what happened today
Rio Tinto's takeover of Turquoise Hill postponed again as Quebec regulator steps in: Naimul Karim
A vote on Rio Tinto's attempt to take full control of Turquoise Hill was postponed again after Quebec's regulator stepped in. Read on.
OSC settles first cannabis fraud case on lesser charges with separate quasi-criminal trial just weeks away: Barbara Shecter
The Ontario Securities Commission is keeping busy in the cannabis sector settling its first cannabis fraud case on lesser charges. Read on.
Tesla seeks CRTC telecom licence — but don't look for Tesla cell phones: Barbara Shecter
Tesla Motors Canada has applied to the CRTC for a telecom licence. Find out more
Office towers are getting a new lease on life by being transformed into housing: Shantaé Campbell
Conversions are a feel-good solution to the twin dilemmas of excess office space and a lack of affordable housing. Find out more
Canada's moonshot: The green farming revolution is here, but we must help it grow: Special to Financial Post
If we don't act, we will miss our opportunity to lead the world in ensuring agriculture is an engine of economic growth. Find out more.
Searching for yield in private debt markets is enticing, but there are lower-risk alternatives: Martin Pelletier
The alternatives to private debt markets deserve some much-warranted consideration, writes Martin Pelletier. Read on.
Workers' financial stress costing employers billions: Victoria Wells
Employee financial stress is expected to cost companies more than $40 billion in lost productivity this year. Find out more.
How to market a small business on a small budget: Special to Financial Post
Finding money for marketing isn't easy when your business is weighed down with pandemic debt, but here are some expert tips. Find out more
Twitter layoffs hit Canadian office with two most-senior leaders cut: Tara Deschamps, The Canadian Press
Twitter's massive layoff push has swept up the two most-senior leaders at the company's Canadian offices. Read more here.
Industry welcome tax credits, but say more needed to tackle Biden's IRA: Naimul Karim
Canadian businesses say more urgent steps are needed to tackle the challenges created by the U.S. Inflation Reduction Act. Read more.
New buyout offer for Yamana from Agnico and Pan American latest in ongoing tug-of-war: Gabriel Friedman
A new US$4.8-billion dollar offer for Yamana Gold is the latest salvo in a tug-of-war over the company. Read on.
Jack Mintz: Trudeau follows Biden down the path to economic ruin: Jack M. Mintz
It is ironic that Prime Minister Justin Trudeau's Liberals chose the same unsuccessful policy path as the Democrats in Thursday’s fiscal update
Fiscal update won't muddy Bank of Canada's inflation fight: What economists are saying: Gigi Suhanic
For some economists, Ottawa's fiscal update struck a decent balance between spending and saving a surprise revenue windfall. Read on
Sales of art worth more than $1 million doubled this year over last: Hsbc Breadcrumb
High-net-worth art collectors are flocking to international shows in search of exciting new finds. Read more.
British Columbia becomes first province to cap fees from food delivery companies: Denise Paglinawan
British Columbia has placed a 20% cap on fees charged by food-delivery companies, the first Canadian province to do so. Find out more
Extend public funding for Ontario's religious schools: Opinion: Special To Financial Post
Ontario’s education system needs real diversity of both secular and religious schools, writes David Hunt. Read on.
Canada gains 108,000 jobs, blowing past economists' expectations: Bianca Bharti
Canada's economy added 108,000 jobs in October, reversing much of the losses in recent months, and beating economists' expectations. Read on
Doug Ford's attempt to block education workers' strike a smart play: Howard Levitt
Ford's move prevents large portions of the population from having to stay home from work, writes Howard Levitt. Read more.
Five almost guarantees in the investing world other than boring GICs: Peter Hodson
A tax-loss sell is a guaranteed win, writes Peter Hodson. Read more.
How a little hustling on the side can help solve your budget woes as rates and inflation rise: Special to Financial Post
The only limitation to the things you can do for a side hustle is your imagination. Read on.
Freeland unveils tax credits of 30-40% for investment in clean technology and hydrogen: Naimul Karim
Ottawa has announced tax credits for investment in clean technology and hydrogen to try and keep up with U.S. incentives. Read more here.
Ottawa willing to accept lower returns, more risk to put $15-billion growth fund to work: Barbara Shecter
Canada Growth Fund will invest in industrial emitters, clean-tech companies and other companies 'across low-carbon supply chains.' Read more
Ottawa aims to balance fiscal restraint with targeted support amid darkening economic outlook: Stephanie Hughes
Chrystia Freeland unveils new targeted new supports as Canada faces soaring inflation and looming recession. Read more
Ottawa reveals plan for new tax on stock buybacks: Barbara Shecter
Ottawa's tax plan is expected to increase federal revenues by $2.1 billion over five years. Read more.
'A softer quarter': Barrick Gold production falls amid rising costs: Gabriel Friedman
Barrick Gold lowered its dividend as net earnings dropped 50%. Find out more.
Price hikes help drive major sales growth at Tim Hortons: Jake Edmiston
Tim Hortons same-store sales grew 11.1 per cent in Canada thanks to price increases. Find out more.
Here's how three portfolio managers are navigating the global economic storm: Stephanie Hughes
These three portfolio managers say there are places where clients can harbour their portfolios from stock market volatility. Read on
David Rosenberg: Fed pulls the old bait and switch and investors are left kicking air: David Rosenberg
Jerome Powell is Lucy, and the rest of us are Charlie Brown, writes David Rosenberg. Read his take on yesterday's Fed developments here.
Ottawa orders Chinese companies to exit three Canadian lithium miners: Naimul Karim
Ottawa has ordered three Chinese companies to exit three Canadian lithium miners based on alleged threats to national security. Read on.
Lightspeed posts wider $79.9-million loss in second quarter: Marisa Coulton
Lightspeed faces a difficult macroeconomic environment, including foreign exchange headwinds and inflation. Here's what you need to know.
CRA says T4 slips insufficient evidence of income for CRB eligibility and judge agrees: Jamie Golombek
A taxpayer said CRA should have accepted T4 as proof of eligibility for CRB, but a judge did not agree, writes Jamie Golombek. Read more.
Trudeau to propose new tax on stock buybacks in Canada: Hsbc Breadcrumb
Trudeau to propose new tax on stock buybacks in Canadafinancialpost.com
Tim Hortons' parent company beats profit expectations as sales surge past pandemic funk: Jake Edmiston
Tim Hortons' parent company Restaurant Brands International Inc. increased sales and boosted profits. Read on
Canadian Natural Resources boosts dividend 13%: Meghan Potkins
Canadian Natural Resources Ltd. reported a profit of $2.8 billion in the third quarter. Find out more.
Aggressive Bank of Canada rate hikes could add more strain on Ottawa’s debt servicing: Stephanie Hughes
Bank of Canada's mission to stomp out inflation risks triggering a recession that could put greater strain on Ottawa's finances. Read on.
Aggressive Bank of Canada rate hikes expected to put more strain on Ottawa's finances: Stephanie Hughes
Bank of Canada's mission to stomp out inflation risks triggering a recession that could put greater strain on Ottawa's finances. Read on.
Telus doesn't need CRTC approval to surcharge majority of customers, regulator says: Denise Paglinawan
Telus implemented the 1.5% charge last month for most wireless and home-service customers who pay their bills by credit card. Read more.
U.S. Federal Reserve delivers another big rate hike: Read the official statement: Financial Post Staff
Read the U.S. Federal Reserve's officials after it raised interest rate by 75 bps to fight inflation
Bank of Canada is walking a fine line, but rates will go higher, says Tiff Macklem: Stephanie Hughes
Bank of Canada is engaged in a balancing act as it looks to prevent inflation from becoming entrenched while avoiding a recession. Read more
Rio boosts chances of Turquoise Hill takeover on deal with activist shareholders: Naimul Karim
Rio Tinto has likely cleared the way for the takeover of Turquoise Hill after inking a deal with activist shareholders. Read more here.
Canada Goose lowers outlook as China's zero-COVID policy hits sales: Bianca Bharti
Canada Goose brought in $277.2 million for its second quarter ended on Oct. 2, a 19 per cent increase from the same time a year ago. Read on.
Is the Bank of Canada reaching the end of its rate raising cycle?: Gabriel Friedman
Kevin Carmichael discusses how far along he thinks the Bank of Canada is in its rate raising cycle on Down to Business podcast. Listen here
Sparks fly at Rogers-Shaw case conference with Competition Bureau: Barbara Shecter
Rogers, Shaw and Competition Bureau sparred over whether the trial would include the original merger proposal or a revised one. Read more.
Canada to admit 1.4 million immigrants in three years to address labour shortages: Naimul Karim
Ottawa's new selection tools will better target sectors that have the highest need for labour. Read more.
Calgary home sales on track for record year even as market eases in October: Shantaé Campbell
Sales and new listings were down for a seventh straight month and benchmark prices dipped slightly from September. Read more.
Postmedia names Mary Anne Lavallee chief financial officer and chief transformation officer: Financial Post Staff
Lavallee had previously been the company’s chief operating officer and interim CFO
Foreign students accuse Canada of exploiting them for 'cheap labour': Randy Thanthong-Knight, Bloomberg News
'I regret choosing Canada as a country to immigrate to,' said a former student at Seneca College near Toronto. Read more.
Vass Bednar: Let cash be king again — Why businesses should be forced to accept paper money: Special to Financial Post
The general elimination of cash as a payment option creates problems for small businesses and consumers alike, writes Vass Bednar. Read more
Vancouver miner Pure Gold seeks creditor protection after suspending operations for lack of money: Naimul Karim
Pure Gold Mining applies for creditor protection a week after suspending its underground mining operations in Ontario. Read on
Elon Musk orders Twitter staff to work 24/7 on 'blue tick' charge: Hannah Murphy in San Francisco, Cristina Criddle in London and James Fontanella-Khan in Milan, Financial Times
Twitter's new owner Elon Musk said to want paid subscription as a condition of having verified profile on social media platform. Read more.
Forcing real estate brokers onto MLS probably a good thing for both buyers and sellers: Special to Financial Post
CREA's decision to force real estate brokers onto the MLS starting Jan. 1, 2023, likely good for home buyers and sellers. Read on
Market corrections are where returns are made so don't head for the sidelines: Martin Pelletier
Martin Pelletier: Beware the doom-and-gloomers with their all-or-nothing approach
Ottawa's finances are in better shape than expected — but don't get used to it, say economists: Financial Post Staff
Ottawa's finances are improving as revenues climb and spending eases now that pandemic aid programs have ended. Read more
[news curation]@wakanda-forever
Posted using
Partiko Android
All that work and you get no comments...???