Lightspeed'S Loss Widens To $100.8-Million: What You Need To Know - [2022-08-23 Veil7L]

Opinion: Canada needs school choice: Special To Financial Post

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Meaningful increases in parental choice and school autonomy tend to yield positive performance outcomes, writes Vincent Geloso. Read on

Canadian miner Trevali’s employees detained in Burkina Faso, shares halted on TSX: Naimul Karim

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Two employees have been detained four months after a flash flood killed eight miners at the company’s Perkoa mine in Burkina Faso. Read more

'Overexploitation' by Canada's Lundin caused massive sinkhole near mine: Chile: Naimul Karim

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The initial investigation points towards “overexploitation” in the Gaby 4 cave, Chile's mining minister said. Shares dropped on the news.

David Rosenberg: The bear market rally is unravelling — here’s why: David Rosenberg

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Recession bear markets don’t end until the tail end of the Fed easing cycle, which is increasingly looking like a 2024 event. Read more.

Posthaste: Business investment in Canada is about half what it is in America, study says: Pamela Heaven

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Posthaste: Business investment in Canada is about half what it is in America, study saysfinancialpost.com

Vass Bednar: Why is Canada ignoring the latest publishing mega-merger?: Special to Financial Post

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The combination of Penguin Random House and Simon & Schuster is receiving significant attention in the U.S., but little in Canada. Read more.

Investors would be wise to stay objective and ignore the subjective opinions of others: Martin Pelletier

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Martin Pelletier: The risk of trying to time the market and position your portfolio based on emotions can be quite material. Read more

Pound pulverized...: financialpost.com

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The pound just can’t catch a break as the UK’s bleak economic outlook eclipses any benefit the currency stands to receive from rapidly rising interest rates.

Child care is getting cheaper, but it's not the inflation buster Ottawa says it is: Bianca Bharti

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A reduction in child-care fees isn't big enough to offset surging fuel, food and shelter costs. Find out more.

Philip Cross: Higher profits are not driving inflation: Philip Cross

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It is higher costs that are fuelling higher prices, not higher profits. Read more

This Manitoba couple can retire at 50, but will have to solve the problem of a few lean years: Andrew Allentuck

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Expert says part-time work, or a loan that could be repaid out of excess income later in retirement could bridge the gap. Read more

Rhine Water Level Forecast to Hit 148cm at Kaub on Tuesday: Jack Wittels, Bloomberg News

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The water level at a key German chokepoint on the Rhine River is forecast to surge early next week, making it significantly easier for barges carrying vital…

How to please the future you by taking investing actions today: Tom Bradley

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Tom Bradley: These things are more important than being a brilliant stock picker or market timer, and way easier. Read on

FP Answers: How should I make up the $1,278 a month that I need to live comfortably in retirement?: Julie Cazzin

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It’s possible that you may qualify for a minimal amount from the Guaranteed Income Supplement. Read more here

Rising costs threaten small business recovery, CFIB says: Denise Paglinawan

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The Canadian Federation of Independent Business says bankruptcy data doesn't tell whole story of threat facing businesses. Read more

Judge sides with Enbridge in Michigan's bid to halt Line 5 pipeline: James McCarten, The Canadian Press

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A Michigan judge has ruled in favour of Enbridge Inc. in its long-standing dispute with the state. Find out more.

Coming up a little short financially? The little things really do matter: Special to Financial Post

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Small, seemingly insignificant purchases can be the difference between a budget that works and one that doesn’t. Read more

As Canada's EV battery eco-system shapes up, Champagne eyes microchips: Naimul Karim

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The industry minister believes Canada can become a manufacturer of microchips, a necessary component for all new cars. Learn more.

David Rosenberg: Look under the hood and what do we see? An earnings recession: David Rosenberg

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What stocks to buy and sell in a misplaced stock market rally. Read more from Dave Rosenberg and his team

Jack Mintz: Great Reset spending is dead, long live tax cutting: Jack M. Mintz

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Jack Mintz: Great Reset spending is dead, long live tax cuttingfinancialpost.com

Being paid in cash causes problems for two taxpayers who claimed COVID-19 benefits: Jamie Golombek

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Lack of appropriate records can prove problematic, as these two tax cases show. Jamie Golombek has the details.

Cannabis producers destroyed a record amount of unsold product last year: Denise Paglinawan

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425 million grams of unpackaged dried cannabis was destroyed in 2021, highlighting the industry's supply imbalance. Read more.

Noah Solomon: Stocks the undisputed champion for scoring long-term returns: Special to Financial Post

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If you like the idea of lower volatility, shallow losses in bear markets and higher long-term returns, buy high-quality, dividend-paying stocks

Vancouver port bottlenecks ease but cargo still stuck for days: Robert Shelton

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Full recovery may be a ways off as freight transportation by rail experiences long delays

Quebec pension giant Caisse takes $33.6 billion investment hit in worst markets in 50 years: Barbara Shecter

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Pension fund writes off $150-million investment in bankrupt Celsius

Zellers' comeback: Hudson's Bay to resurrect discount retail chain: The Canadian Press

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Zellers will debut a new e-commerce website and expand its brick-and-mortar footprint within select Bay stores. Find out more.

How the modern tragedy of Long COVID is affecting our lives and our economy: Gabriel Friedman

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How Long COVID is affecting lives, our healthcare system and our economy. Have a listen

Royal Bank of Canada asking staff to come into the office more often: Kevin Orland, Bloomberg News

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CEO says "technology can’t replicate the energy, spontaneity, big ideas, true sense of belonging and fun" of being in the office. Read more.

'Our job is not done yet': Tiff Macklem says Bank of Canada has more to do to tame inflation: Stephanie Hughes

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Bank of Canada governor called evidence that inflation eased in July a relief, but stopped well short of declaring victory. Read more

Cooler inflation won't sway Bank of Canada from another jumbo hike in September, economists say: Stephanie Hughes

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Canada's consumer price index showed inflation was slightly cooler in July. Here is what the economists said about it

Canada's headline inflation drops below 8%: What you need to know: Kevin Carmichael

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Canada consumer price index increased 7.6% from July 2021, down from 8.1% the month before. Read on for more from Kevin Carmichael

'Hey... It's Jason': Alberta ad campaign aims to woo young professionals from Toronto, Vancouver: Meghan Potkins

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The $2.6-million 'Alberta is Calling' campaign aims to attract skilled workers amid labour shortages and a low unemployment rate. Read more.

Canadian home sales drop for fifth month in a row - Financial Post: Shantaé Campbell

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Canadian home sales drop for fifth month in a row Financial Post

National home sales fell by 5.3% in July: CREA report CBC News

Canadian real estate: Sales drop for fifth consecutive month Yahoo Canada Finance

Canadian…

Ontario Teachers' Pension Plan Board ekes out small return in 'difficult' markets: Barbara Shecter

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Ontario Teachers’ Pension Plan board ekes out 1.2% return in first half of the year, amid high inflation and 'difficult' markets. Read on

Three strategies to help you take the emotion out of investing: Martin Pelletier

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Martin Pelletier: Never let emotion drive the investment decision-making process. Read more

Forget Inflation. Shrinkflation Is Sparking Fury For Shoppers...: Jana Randow, Bloomberg News

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Forget Inflation. Shrinkflation Is Sparking Fury For Shoppers... (Third column, 5th story, link)

Telus wants to charge customers a fee for paying their bills with a credit card: Denise Paglinawan

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Telus has asked the CRTC to allow it to charge customers a credit-card processing fee of 1.5%. Find out more.

Posthaste: The metaverse is here to stay, Canadians say, and it's influencing how they shop: Noella Ovid

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More than half of Canadians believe the metaverse will be part of everyday life within the next decade, a new study found. Read more

Five things — good and bad — affecting investors this summer: Peter Hodson

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Peter Hodson: Investors often fear the worst, and the worst does not always occur. Read on

FP Answers: What's the best way to maximize my RRIF money?: Julie Cazzin

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The best way to maximize your RRIF money is to pay the higher tax at the death of the last surviving spouse. Here’s what we found.

Power outage hits commerce in Toronto’s downtown core: Marisa Coulton

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The outage is affecting the financial district and major commercial hubs such as the CF Toronto Eaton Centre. Read on

Unifor calls for national auto strategy to capture EV potential: The Canadian Press

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Canada's largest private-sector union is also calling for a dedicated federal government ministry to lead the auto strategy. Read more

Lammam and Speer: Canada's 'G-shaped recovery' could be masking weakness: Special to Financial Post

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Relying on an artificial boost of government-led hiring to prop up the economy is unsustainable. Read more here

Russian steelmaker Evraz looks to sell Canadian, U.S. assets amid sanctions: Meghan Potkins

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Sanctioned Russian billionaire Roman Abramovich owns a 28.6% stake in Evraz and is its largest shareholder. Read more.

Investing prowess and strong savings will help this Ontario couple retire at 52: Andrew Allentuck

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Expert says they could have a comfortable retirement with a five-figure monthly after-tax income. Read on

David Rosenberg: Five reasons we haven't seen the market bottom yet: David Rosenberg

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Bear markets only end in the mature stage of the recession when investors see the whites of the eyes of the recovery. Read on

Canadian Tire sees sales rise, but profit drop in second quarter: Denise Paglinawan

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The retailer said higher expenses including foreign exchange resulted in lower earnings. Find out more.

Ottawa's new Tax-Free First Home Savings Account is coming: What you need to know: Jamie Golombek

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The plan gives first-time homebuyers the ability to save $40,000 tax-free towards the purchase of a home. Jamie Golombek has the details.

Centerra Gold shares plummet as permit issue halts production from Turkish mine: Naimul Karim

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Centerra shares fell to their lowest value in over two years as the miner nearly halved its annual gold production guidance. Read more

In family law, biology no longer the ‘tiebreaker’ when a child’s best interest is at stake: Special to Financial Post

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Two recent cases highlight how difficult it is to determine what is in a child’s best interests when biological ties are at issue. Read more

Bank of Canada interest rate hike seen smaller as U.S. inflation cools: Erik Hertzberg, Bloomberg News

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Bank of Canada interest rate hike seen smaller as U.S. inflation coolsfinancialpost.com

CAE profits drop on weaker demand for defence training: What you need to know: Marisa Coulton

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CAE Inc. reported operating income of $39.4 million in its latest quarter, 54% less than a year earlier. Here's what you need to know.

Challenger bank EQB posts loss as technology investment portfolio takes hit: Denise Paglinawan

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Severe capital market volatility led to mark-to-market losses of $8.7 million. Find out more here.

'Soft landing is wishful thinking at this stage:' former Bank of Canada economist: Gabriel Friedman

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Former Bank of Canada economist Jean-Paul Lam talks to Down to Business about inflation and interest rates. Listen in

Here's how to see if you have one of the 8.9 million uncashed cheques issued by the CRA: Jamie Golombek

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Looking for some extra cash this summer? You may need to look no further than the CRA's website. Jamie Golombek explains

Canadian watchdogs join probe of Celsius' multi-billion-dollar collapse, sources say: Barbara Shecter

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Celsius Network LLC's multi-billion-dollar collapse is being investigated by the SEC and Canadian regulators. Read on

David Rosenberg: Roof is about to cave in on the Canadian economy: David Rosenberg

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Canadian economy is headed for a more pronounced recession than many are calling for, predicts David Rosenberg. Read more here

'Crop yields will suffer': Fertilizer reduction targets pitting farmers against federal government: Robert Shelton

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The government's push to lower emissions will reduce crop yields at a time when food security is a major concern, farmers argue. Read more.

Europe Heat Wave Putting Pressure on Power Grid...: Priscila Azevedo Rocha, Bloomberg News

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Europe Heat Wave Putting Pressure on Power Grid... (Third column, 19th story, link) Drudge Report Feed needs your support! Become a Patron

Can this couple still afford retirement if one of them quits to support disabled daughter?: Andrew Allentuck

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Despite their solid financial position, they feel caught in a bind. Read more

Posthaste: Toronto, Vancouver housing markets face deepest decline in 50 years, says RBC: Pamela Heaven

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Posthaste: Toronto, Vancouver housing markets face deepest decline in 50 years, says RBCfinancialpost.com

Trouble in ‘mortgage land’ as higher borrowing rates weigh and refinancings dry up: Stephanie Hughes

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Bank of Canada's aggressive rate hikes are beginning to weigh on the housing market and mortgage demand. Find out how

Martin Pelletier: The end of cheap labour is a good thing for society, despite inflationary fears: Martin Pelletier

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Martin Pelletier: We would be better off with higher wages and higher interest rates. Read more

Warren Buffett's Berkshire Hathaway posts $43.8 billion loss: Jonathan Stempel, Reuters

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Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, reported a US$43.8 billion loss. Find out more

10 athletes investing in tech - Financial Post: Dina Al-Shibeeb, MoneyWise

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Stars from the NBA, NFL and more have begun combining their money and passions in the tech

Summers Warns on 1970s-Style Mistake...: Christopher Anstey, Bloomberg News

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Summers Warns on 1970s-Style Mistake... (Second column, 8th story, link) Related stories:JULY JOBS BLOWOUT: PAYROLLS INCREASE 528K... UNEMPLOYMENT FALLS TO 3.5%... Restaurants, Bars and Hotels STILL Don't Have Enough People... Fed Cha…

'Head-scratcher:' Economists weigh in on Canada's surprise job loss: Gigi Suhanic

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Canada's jobs reading caught economists by surprise with a loss of 30,600 positions rather than an expected gain of 15,000. Read more here

Meet the number-crunching price 'nerds' responsible for calculating Canada's ghastly inflation rate: Joe O'Connor

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The CPI might be a bunch of numbers, but it is also constantly evolving to reflect the times, and consumer tastes. To find out more read on

What's baked into the cake? That's a question investors should always be asking: Tom Bradley

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We never know for sure if an ingredient has been partially, fully, or more-than-fully added. We just have to keep asking the question

If you owe the CRA money, pay up as soon as possible because the prescribed rate is rising again: Jamie Golombek

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Jamie Golombek: Here's what you should be doing in anticipation of the Canada Revenue Agency's looming interest rate increase. Read on

Major airports show signs of improvement but delays persist: Robert Shelton

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However, the peak summer travel season isn't over yet, warns airline expert. Read more here

Montreal sees 'shift in market dynamics' as home sales and prices slip: Stephanie Hughes

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Sales down 18% from last year

Lightspeed's loss widens to $100.8-million: What you need to know: Marisa Coulton

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Here’s what you need to know about Lightspeed Commerce Inc.'s earnings for the three-month period ending June 30. Read on

‘Sweet deal’ for Tims? Coffee-and-doughnut privacy breach settlement a marketing win, says expert: Jake Edmiston

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Tim Hortons is getting off easy with plan to hand out free drinks and doughnuts to customers tracked by its app, says class-action expert

Tim Hortons' sales in Canada top pre-pandemic levels for first time: Denise Paglinawan

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Tim Hortons' parent company Restaurant Brands International Inc. saw a 14% growth in global sales in the second quarter. Find out more

Toronto home prices slip further as sales plunge 47% from last year: Stephanie Hughes

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Toronto home prices and sales continued to slide as economic uncertainty and rising rates put more would-be buyers on the sidelines. Read on

Matthew Lau: Happy birthday, Milton Friedman!: Matthew Lau

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Many of society’s worst economic problems are the result of disregarding Milton Friedman’s vision. Read on

Vancouver home sales tumble, Calgary's slide as rising rates and uncertainty take toll: Stephanie Hughes

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Vancouver prices down 2% while Calgary ekes out 0.6% gain

Canada's car industry would vanish in a decade without government aid: Gabriel Friedman

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This week Down to Business looks at where we are at in the EV transition and what it means for the economy and society. Have a listen

Are Canada's big grocers profiting off inflation? The answer is complicated: Jake Edmiston

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Dogged by scandal, the grocery industry needs to get it right on inflation — but some don't think that's happening. Read on

Lundin Mining shares fall after large sinkhole develops near Chile mine: Naimul Karim

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Shares of Toronto-based Lundin Mining Corp. slumped to their lowest value in a year. Read more

Air Canada revenues jump fivefold in 'challenging quarter': Marisa Coulton

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Air Canada's improved results came as travel returns to pre-pandemic levels, but the quarter wasn’t without its challenges. Read on

Beware of cherry pickers: Mixed economic data means bulls and bears both have strong cases: Martin Pelletier

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But the truth may be in between, writes Martin Pelletier. Read more

Vibrators and brass cutlery: Indigo ain't ya mama's bookstore anymore: Bianca Bharti

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"It's a whole revolution around almost everything we do, whilst not losing the magic dust," president Peter Ruis said. Read more

What economists say about Canada's GDP numbers — and a possible recession: Gigi Suhanic

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'It’s hard to get excited by no growth in May and 0.1 per cent in June.' Read more here

This Ontario couple's $650,000 rental property is key to rationalizing their retirement finances: Andrew Allentuck

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With debt management and enhanced returns on their assets, they can make it, expert says. Read more

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[news curation]@wakanda-forever

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