Jamie Golombek: Three CRA reviews found taxpayer couldn’t claim CRB based on income from an Airbnb rental Published Jan 12, 2023 • Last updated 16 hours ago • 5 minute read 37 Comments A pandemic benefit cheque in May 2020. Photo by Peter J. Thompson/National Post The auditor general in December 2022 said a “minimum” of $27.4… Continue reading The CRA is cracking down on COVID-19 benefit payments as this taxpayer found out
Stock Market Today: Stocks Rise as Inflation Eases
Stocks initially struggled for direction Thursday following the release of the December Consumer Price Index (CPI). However, once investors decided they liked what they saw, the major market indexes shot higher. The Labor Department (opens in new tab) this morning said that the CPI was up 6.5% year-over-year in December, as prices rose at their… Continue reading Stock Market Today: Stocks Rise as Inflation Eases
Inflation Cools Once Again: What the Experts Are Saying
Inflation continued to moderate in December, adding to the evidence that our worst bout of rising prices in four decades has passed and that the Federal Reserve should continue to slow its pace of interest rate hikes. The Consumer Price Index (opens in new tab)(CPI) declined 0.1% in December after rising 0.1% in November, driven… Continue reading Inflation Cools Once Again: What the Experts Are Saying
US stocks rise in choppy session as investors see smaller rate hikes after cooler December inflation
Carla Mozée Food inflation still lurks with prices for eggs, meat and poultry up in December. Justin Sullivan/Getty Images US stocks rose Thursday after a choppy session focused on the December inflation report. Monthly headline inflation fell 0.1% but the core index excluding volatile energy and food prices rose 0.3%. Investors priced in bullish expectations… Continue reading US stocks rise in choppy session as investors see smaller rate hikes after cooler December inflation
Bitcoin rallies to a 2-month high after inflation data, shrugging off FTX and DCG troubles for now
Bitcoin jumped 8% on Thursday, topping $18,800 and notching a two-month high. The rally came after key inflation data raised hopes for a more favorable macro environment ahead. “While it’s too early to count [the] chickens, the price action since yesterday has been encouraging,” a crypto executive told Insider. Loading Something is loading. Thanks for… Continue reading Bitcoin rallies to a 2-month high after inflation data, shrugging off FTX and DCG troubles for now
Retail investors have sold all of the stocks they bought during the pandemic trading boom
Retail investors have sold all of the stock they bought during the COVID-19 trading boom, according to Goldman Sachs. Goldman said in a Thursday note that it has observed “rapid retail selling” across stocks found in the S&P 500 and Nasdaq 100.”Selling over the past 11 months has completely reversed all the net buying in single… Continue reading Retail investors have sold all of the stocks they bought during the pandemic trading boom
El Salvador passes law for bitcoin-backed ‘volcano bonds’ and eyes expanding to other cryptocurrencies
El Salvador passed legislation that would allow issuance of bitcoin-backed “volcano bonds.” The move follows El Salvador’s previous action that established bitcoin as legal tender. The bond issuance was originally planned for March 2022, with expectations to raise $1 billion. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading El Salvador passes law for bitcoin-backed ‘volcano bonds’ and eyes expanding to other cryptocurrencies
Stock Market Today: Nasdaq Climbs for Fourth Straight Day Ahead of CPI
Stocks climbed higher again Wednesday, with one major benchmark carving out its fourth straight win. Today’s upside came as optimism grew that tomorrow’s release of the Consumer Price Index (CPI) will show that inflation is cooling fast enough to encourage the Federal Reserve to reconsider its size and pace of interest-rate hikes. The S&P 500… Continue reading Stock Market Today: Nasdaq Climbs for Fourth Straight Day Ahead of CPI
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