A top exec at the world’s largest crypto exchange breaks down the single-biggest risk for the market in 2023

Patrick Hillmann is the chief strategy officer at Binance, the world’s largest crypto exchange by volume.  The exec explained how poor regulation could lead to increased crypto market volatility.  Binance has faced a series of US investigations into its business from the DOJ and SEC.  Loading Something is loading. Thanks for signing up! Access your… Continue reading A top exec at the world’s largest crypto exchange breaks down the single-biggest risk for the market in 2023

America’s ‘Big Three’ passive funds now own more of Tesla than CEO Elon Musk does, report says

America’s “Big Three” passive investing funds own more of Tesla than founder Elon Musk does, per the FT. BlackRock, Vanguard and State Street have a combined 13.58% stake in the US electric-car maker.  Musk has dumped billions of dollars in Tesla stock to fund his $44 billion acquisition of Twitter.  Loading Something is loading. Thanks… Continue reading America’s ‘Big Three’ passive funds now own more of Tesla than CEO Elon Musk does, report says

From Tim Hortons shakeup to broke millennials: Here are the week’s top 7 stories

Watch Financial Post reporter Stephanie Hughes count down the stories that made headlines Tims Hortons replaced its chief executive this week and a new report found that millennials account for half of insolvencies in Ontario. Photo by NICK PROCAYLO/Postmedia/Getty Images Stephanie Hughes, finance reporter for the Financial Post, walks you through the top seven stories… Continue reading From Tim Hortons shakeup to broke millennials: Here are the week’s top 7 stories

Kevin Carmichael: 3 things the Bank of Canada subtly told us this week

Rate hike pause is conditional, Macklem emphasizes Published Feb 17, 2023  •  Last updated 2 days ago  •  6 minute read 10 Comments Bank of Canada governor Tiff Macklem. Photo by Blair Gable/Reuters Bank of Canada governor Tiff Macklem and one of his deputy governors, Paul Beaudry, both spoke on Feb. 16 — a rare double… Continue reading Kevin Carmichael: 3 things the Bank of Canada subtly told us this week

The Fed has failed to slow demand – and that means no upside for stocks as policy tightens, analysts say

Sticky inflation and robust retail activity are telling signs that the Federal Reserve has failed to stifle demand, analysts said. That means investors should expect tighter policy and more weakness in markets. “We would not be shocked to see a 15% to 20% pullback from current levels which would take us below the prior cycle.”… Continue reading The Fed has failed to slow demand – and that means no upside for stocks as policy tightens, analysts say

Joe Biden is running out of ammunition to fight the next oil crisis

More oil releases from the Strategic Petroleum Reserve could handicap the Biden administration, analysts say.  The key reserve will hit 346 million barrels after the next release April.  “To allow this drawdown to take place has put undue stress on American resources and limits our ability to respond to an oil market spike.” Loading Something… Continue reading Joe Biden is running out of ammunition to fight the next oil crisis

The hottest new tax break Canadians saving for their first home should take advantage of

Jamie Golombek explains the First Home Savings Account coming in 2023 which combines the benefits of a RRSP with a TFSA Canadians saving to buy their first home home can take advantage of the new First Home Savings Account this year. Photo by Getty Images Jamie Golombek, managing director, tax & estate planning with CIBC… Continue reading The hottest new tax break Canadians saving for their first home should take advantage of

Tim Hortons parent replaces CEO, acknowledges restaurant profits have slipped amid franchisee revolt

RBI’s current chief operating officer Joshua Kobza will take over as CEO on March 1 Published Feb 14, 2023  •  Last updated 2 days ago  •  4 minute read 10 Comments A Tim Hortons location in Mississauga, Ont. Photo by Peter J. Thompson/National Post Tim Hortons‘ parent company replaced its chief executive and acknowledged that its… Continue reading Tim Hortons parent replaces CEO, acknowledges restaurant profits have slipped amid franchisee revolt