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Source: Financialpost March 23, 2023

Toy salesman beats CRA in tax court appeal after being reassessed for $1.2 million

Audit initiated based on findings of Panama Papers Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. A Canadian in the...
Source: BNN Bloomberg March 22, 2023

Health-care stocks: Three hot picks from Robert Moffat

The health-care sector offers opportunities for diversification, according to one portfolio manager.  In an interview with BNN Bloomberg’s Jon Erlichman, Robert Moffat, a portfolio manager at Middlefield Group, said that the health-care sector has a far sm...
Source: BNN Bloomberg March 22, 2023

GameStop surges after reporting first profit in two years

GameStop Corp. reported a surprise profit in the fourth quarter and beat analysts’ estimates for revenue, sending the shares soaring as much as 39 per cent in extended trading.  Net income was US$48.2 million, the first profit in two years, and compared wi...
Source: BNN Bloomberg March 22, 2023

Wall Street's fear gauge crumbles with risk-on bid

Wall Street’s favorite volatility gauge tumbled as a rebound in stocks deepened, with a surge in banks and assurances from global authorities easing concerns that the recent financial tumult would lead to a full-blown crisis. Call it calm. Or call it calm...
Source: BNN Bloomberg March 22, 2023

Nike sales outpace estimates as it trims inventory level

Nike Inc. reported robust quarterly sales that beat Wall Street’s expectations as the sportswear brand worked down its excess inventory, but profitability missed estimates.  Global revenue rose 14 per cent to US$12.4 billion in the quarter ended Feb. 28. T...
Source: Bankofcanada March 22, 2023

Summary of Governing Council deliberations: Fixed announcement date of March 8, 2023

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on March 8, 2023. This summary reflects di...
Source: Financialpost March 22, 2023

RBC increases employees' office time to three or four days a week

Canada's largest lender eases its COVID-19 protocols Royal Bank of Canada on Tuesday asked its employees to return to office three or four days a week, as Canada’s largest lender eases its COVID-19 protocols. THIS CONTENT IS RESERVED FO...
Source: Financialpost March 22, 2023

'They need each other': Banking crisis amps up uncertainty around TD's First Horizon deal

Unlikely to be completed on its original terms, and may fall apart altogether, analysts say Toronto-Dominion Bank’s proposed US$13.4 billion acquisition of Tennessee-based First Horizon Corp. was supposed to be the lynchpin of its U.S. expansio...
Source: Financialpost March 22, 2023

Housing market is not as grim as some forecasters are suggesting

Forecasted declines in housing prices are unlikely to materialize A flurry of recent housing forecasts is painting a conflicting picture of where the markets are heading, with some suggesting further declines in housing prices and others hintin...
Source: Financialpost March 22, 2023

Posthaste: Canada's housing market seen as 'main casualty' of looming credit squeeze

Risk of forced home sales rises as lending tightens We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canada's housing market seen a...