Even in Canada, tech startups and the firms who fund them felt the shockwaves of the Silicon Valley Bank’s failure. Here’s how it went down Published Mar 16, 2023 • Last updated 13 hours ago • 6 minute read Police officers leave Silicon Valley Bank’s headquarters in Santa Clara, California on March 10, after U.S. authorities… Continue reading Inside a Canadian venture capital firm during the SVB storm
Capital gains tax and more changes that could target higher-income Canadians in the next federal budget
Jamie Golombek: Ottawa says it’s looking to close tax loopholes that benefit the wealthy and corporations Published Mar 16, 2023 • Last updated 18 hours ago • 5 minute read Finance Minister Chrystia Freeland holds a news conference before delivering the 2022-23 budget, in Ottawa, on April 7, 2022. Photo by Blair Gable/Reuters We have a… Continue reading Capital gains tax and more changes that could target higher-income Canadians in the next federal budget
Joe Oliver: The Trans Mountain financial fiasco just got worse
Will go down in history as a shockingly high-priced project with startling cost overruns Published Mar 16, 2023 • Last updated 19 hours ago • 4 minute read A pipe yard servicing Trans Mountain in Kamloops, B.C. Photo by Jennifer Gauthier/Reuters/File Photo Late Friday afternoon, the traditional slot for bad news, Trans Mountain Corporation (TMC) announced… Continue reading Joe Oliver: The Trans Mountain financial fiasco just got worse
Best Consumer Discretionary Stocks to Buy Now
Investors seeking out the best consumer discretionary stocks have had a tough time in recent years – and this challenging environment could continue in the near term. Creating uncertainty across the sector is stubbornly high inflation, a rising interest rate environment and anxiety over a potentially larger slowdown or recession in the U.S. economy. Still,… Continue reading Best Consumer Discretionary Stocks to Buy Now
Stock Market Today: Stocks Rally on Credit Suisse, First Republic Bank Rescue News
Stocks opened lower Thursday before reversing course mid-morning and rallying into the close. Sparking the turnaround were reports that several of the country’s largest banks – including blue chip stocks JPMorgan Chase (JPM (opens in new tab)) and Bank of America (BAC (opens in new tab)) – will provide beaten-down regional lender First Republic Bank… Continue reading Stock Market Today: Stocks Rally on Credit Suisse, First Republic Bank Rescue News
Dow jumps 372 points as US stocks surge on rescue plans for struggling banks
US stocks closed higher Thursday, swinging from earlier losses. First Republic Bank will receive a $30 billion deposit from larger rivals. JPMorgan earlier estimated the Fed’s emergency loan program may inject $2 trillion into the US banking system. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Dow jumps 372 points as US stocks surge on rescue plans for struggling banks
Home construction unexpectedly surged in February as slump in lumber prices offset pain of rising mortgage rates
US housing starts surged in February, with the upside surprise boosted by falling lumber prices in the month. Construction projects pushed through a period of rising mortgage rates. Lumber prices climbed Thursday to trade above $400 per thousand board feet Thursday. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Home construction unexpectedly surged in February as slump in lumber prices offset pain of rising mortgage rates
Cathie Wood blames the Fed for driving SVB and Signature Bank to collapse
Cathie Wood said the central bank’s tightening campaign was fuel for the banking crisis. In a series of tweets, she described the Fed as the “primary culprit” for SVB’s failure. “I am baffled that banks and regulators could not convince the Fed that disaster loomed.” Loading Something is loading. Thanks for signing up! Access your… Continue reading Cathie Wood blames the Fed for driving SVB and Signature Bank to collapse
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