WATCH: It was the first day of liquidation sales for most Sears stores in Canada slated for closure. But as Andrew Cromwell reports, even as they looked for bargains, shoppers were aware thousands of people will be out of work in the coming months.
Source: Global News
Markets are now assigning an 84% chance of a July rate hike by the Bank of Canada after GDP grew for the sixth straight month and Canadian business leaders reported the strongest outlook since 2011. But TD Economist Brian DePratto says July may still be too early for the Bank of Canada to pull the trigger.
Source: Bloomberg Canada TV
A decade after iPhone’s introduction, there’s a good reason why the Apple device is still not made in the U.S.. Bloomberg Gadfly’s Tim Culpan explains why iPhones are still “assembled in China”.
Continue reading Why the iPhone Can’t Be Made in the US
Sean Cooper, Author, “Burn Your Mortgage” and a millennial who paid off his $250,000 mortgage in about three years joins CTV’s Chief Financial Commentator Pattie Lovett Reid for a look at how he did it.
Continue reading Meet the 31-year old who paid off his mortgage in three years
Amazon will pay $42 US a share or $13.7 billion in cash for Whole Foods’ shares, a 27 per cent premium to what Whole Foods was worth on Thursday.
Amazon’s own shares gained $23.54 US in reaction to the news on Friday to close at $987.71 US on Nasdaq.
Whole Foods shares closed at $42.68 US on Friday — just above the offer price, which suggests some investors think a better offer from someone else could be coming. The grocer must pay a $400 million US break fee if the deal falls apart.
The company recently rolled out a few locations of something called Amazon Go, which is essentially a small grocery store with no cashiers.
Justice Department lawyers say President Trump can accept hotel bills and office rent on his properties without violating the Constitution. Alex Altman and Andrew Rice discuss ethical concerns.
Continue reading Trump’s Businesses May Lead To His Undoing
The investigation into the Trump campaign’s ties to Russia is serious, but what’s imperiling Donald Trump’s presidency is, well, Donald Trump. Vox’s editor-in-chief Ezra Klein explains.
Continue reading Donald Trump is destroying his own presidency
In the first full month reflecting a new tax on foreign buyers, Toronto’s housing market is showing signs of cooling as new listings soar 49%. Bloomberg TV Canada talks to Robert Hogue, senior economist at RBC.
Continue reading Sanity hits Toronto’s housing market
Jim McGovern, CEO of Arrow Capital Management, discusses Amazon on BNN. Continue reading Jim McGovern discusses Amazon