Tax day is Monday, returns due by midnight

WKBW - Buffalo Scripps

Income tax deadline is Monday.

  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • Bank of Canada closer to being able to cut rates, Macklem says

    OTTAWA (Reuters) -The Bank of Canada is getting closer to being able to start cutting interest rates from their current 23-year highs, Governor Tiff Macklem said on Wednesday. In testimony to the Senate banking committee, Macklem said inflation was coming down and Canadians wanted to know when the central bank would start cutting interest rates. Canada's annual inflation rate was 2.9% in March, a little higher than the previous month.

  • Federal Reserve says interest rates will stay at two-decade high until inflation further cools

    WASHINGTON (AP) — The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target. The Fed issued its decision in a statement after its latest meeting, at which it kept its key rate at a two-decade high of roughly 5.3%. Several hotter-than-expected reports on prices and economic growth have recently undercut the Fe

  • China's true military spending in 2022 was likely worth $711 billion, or 'nearly equal' to the US military budget that year: US think tank

    That's compared to a US military budget of around $742 billion that year, which was spread out across various theaters in the world.

  • Canadian dollar forecasts trimmed by analysts as BoC moves closer to rate cuts: Reuters poll

    The Canadian dollar is set to strengthen less than previously expected over the coming year as the Bank of Canada makes progress on taming inflation and will likely begin cutting interest rates ahead of the Federal Reserve, a Reuters poll found. According to the median forecast of nearly 40 foreign exchange analysts in the April 29-May 2 poll, the loonie will strengthen 0.7% to 1.36 per U.S. dollar, or 73.53 U.S. cents, in three months, compared to 1.34 in last month's poll. "In the near term, I think there are going to be some headwinds," said Bipan Rai, global head of FX strategy at CIBC Capital Markets.

  • The stock market's sell-off is over and the Fed gave 5 bullish signs to investors at its latest meeting, Fundstrat's Tom Lee says

    The Fed looks increasingly dovish, setting stocks up for a gain in May, according to Fundstrat's head of research Tom Lee.

  • Sell in May and go away? Think again

    The Wall Street adage suggests investors should dump stocks this month and return to the market in November. But gutting your portfolio before the summer may not be a recipe for success.

  • Russia's economic survival hinges on prolonging the Ukraine war, think tank expert says

    "Should the authorities attempt to halt militarization, a hard landing could add pressure to the government," Elina Ribakova wrote for FT.

  • Stock market today: Asian markets follow Wall Street swings after Fed keeps interest rates high

    HONG KONG (AP) — Asian markets wobbled in early Thursday trading after U.S. stocks swung to a mixed finish with the Federal Reserve delaying cuts to interest rates. U.S. futures surged and oil prices were higher. Tokyo’s Nikkei 225 index opened with a decline, then climbed 0.1% to 38,299.71. The Japanese yen surged as much as 2% in early Asia hours Thursday, driven by speculations of another round of yen-buying intervention by Japanese authorities and a weaker U.S. dollar following the Fed meeti

  • Owe the tax man but can't pay? Ignoring the problem will only make things worse

    The tax filing deadline has come and gone, and some Canadians are now facing a significant tax bill. The Canada Revenue Agency is aware people may be struggling financially and might not have the means to pay that bill, said Charles Drouin, a spokesperson for the federal agency. He urges those who find themselves in that position to give the CRA a call. "When you call the CRA, we'll be sensitive to that," he said in an interview. "We'll try to understand what your personal situation is and work

  • Stormont budget: health trusts savings plans to be published

    It comes after last week's Stormont budget which the health minister has labelled 'flawed'.

  • Treasuries Soar as Traders Pull Forward Fed Cuts After Jobs Miss

    (Bloomberg) -- Treasuries surged and traders ramped up bets on how soon the Federal Reserve will begin to cut interest rates this year after a US labor-market report trailed estimates.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies Most in 18 Months on Upbeat Forecast, BuybackTurkey Confirms All Trade Halt With Israel Over War in GazaTrump Auditions VP Picks Before Wealthy Donors in Palm BeachHuawei Secretly Backs US Research, Awarding Millions

  • Kevin O’Leary says Americans should ‘get used to the idea’ that the Fed won’t offer reprieve to rates in 2024

    Despite the fact that they "keep pushing out their optimism month after month."

  • What to expect in Friday’s jobs report

    The US job market has been on a roll for the past three years. Some economists even say “it’s as good as it’s ever been.”

  • The Treasury Will Keep Bond Sales Steady, Gets Ready to Boost Liquidity

    The U.S. Treasury held back on increasing long-term debt in the coming months, offering good news for a bond market reeling under pressure, while launching a program to buy back billions of dollars in government debts for the first time in over two decades. Despite higher net borrowing estimates shared earlier in the week, the Treasury, in its debt sale plan released Wednesday, said it would issue the same amount of 10-, 20-, and 30-year bonds from May to July as it did from February to April. The debt managers have a commitment to be “regular and predictable,” an approach aimed at avoiding volatility.

  • Canada posts surprise trade deficit as gold exports fell in March

    OTTAWA (Reuters) -Canada in March recorded a surprise trade deficit of C$2.28 billion ($1.66 billion), the largest in nine months, as exports declined faster than imports, data showed on Thursday. Total exports fell 5.3% in March mainly due to exports of unwrought gold declining from a record high reached in February, while imports were down 1.2%, led by electronics and metal ores and non-metallic minerals, Statistics Canada said. Analysts polled by Reuters had forecast a trade surplus of C$1.50 billion in the month.

  • Dividend Alert: 2 High-Yield Stocks Trading at Discounted Prices

    These stocks pay great dividends and could be undervalued right now. The post Dividend Alert: 2 High-Yield Stocks Trading at Discounted Prices appeared first on The Motley Fool Canada.

  • Toronto home sales fall for third month in April; prices rise

    Greater Toronto area home sales fell in April for a third straight month and prices crept up, as over two-decade high interest rates kept the lid on housing market recovery in Canada's main metropolitan region, data showed on Thursday. Seasonally adjusted sales declined 3.4% in April from the previous month after falling 2.4% in March, according to Toronto Regional Real Estate Board (TRREB) data. Average home prices were up 1.5% last month to C$1.12 million ($819,072.69), the highest since December, while new listings were down 5.9%, the date showed.

  • Top soldier says military looking for 'clarity' on Ottawa's budget plans

    Just over a month into the new fiscal year and two weeks after the federal budget, the Department of National Defence is struggling to reconcile the Liberal government's approach to military funding — giving with one hand while taking with the other. Gen. Wayne Eyre, the country's top military commander, told the rank-and-file in a remote town hall event last week that he doesn't have answers to crucial questions about how internal budget cuts and funding reallocation square with promises of add

  • Yen higher after suspected intervention

    The yen gained on Thursday, following a sudden rally late on Wednesday that traders and analysts attributed to intervention by Japanese authorities, while the dollar was broadly lower before key jobs data on Friday. The sharp move in the yen on Wednesday came in a quiet period for markets after Wall Street had closed, and hours after the U.S. Federal Reserve had wrapped up its policy meeting. Fed Chair Jerome Powell confirmed the central bank's expectation to cut rates, but acknowledged such a move would come later than expected due to stubbornly high inflation.

  • Fed to Slow Pace of Balance-Sheet Runoff Starting in June

    (Bloomberg) -- The Federal Reserve said it will shrink its balance sheet at a slower place beginning in June, reducing the amount of Treasuries it lets roll off every month, a step meant in part to ease potential strain on money-market rates. Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastTesla Axes Supercharger Team in Blow to Broader EV MarketJerome Powell Offered Markets a Reprieve. It Vanished in a BlinkNYPD Arrests Over 300 Protesters in Crackdown on Col