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Source: Financialpost November 06, 2024

'Shutting ourselves down at our own expense': Oilpatch executives slam Ottawa's emissions cap

Warns Ottawa's proposed regulations will cut production Get the latest from Meghan Potkins straight to your inbox Sign Up Ottawa’s draft regulations for an oil and gas emissions cap have landed with a thud in the Canadian oilpatch, where the resoundin...

Source: Financialpost November 06, 2024

David Rosenberg: Tighter immigration targets could tip Bank of Canada rate below 2%

Target undershoot and even outright deflation now a meaningful risk for the central bankBy David Rosenberg and Dylan Smith We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Davi...

Source: Financialpost November 06, 2024

Bank of Canada worried jumbo rate cut would signal 'economic trouble,' deliberations show

Feared it could lead to expectations of further moves of the same sizeBank of Canada governing council members expressed concern that a 50-basis-point cut in October would signal “economic trouble” and worried it would lead to expectations of further moves o...

Source: Financialpost November 06, 2024

Capital gains inclusion rate hike remains up in the air, but you still have to prepare for it

Kim Moody: There is a chance the new rules won't be passed into law, but it's smallReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Mo...

Source: Financialpost November 05, 2024

Baby boomers and gen X are taking on more mortgage debt

Rising number of home owners are turning to reverse mortgages, and among those, more are doing so to help their children with a down paymentIn a surprising turn of events, Statistics Canada data showed older households took on more mortgage debt in the secon...

Source: Financialpost November 05, 2024

Palantir Reports Record Profit, Cites 'Unwavering' AI Demand

Palantir Technologies Inc. reported quarterly revenue that beat analysts’ estimates and raised its forecast for operating income in the current period, citing high demand in the US for its artificial intelligence software.(Bloomberg) — Palantir Technologies...

Source: Financialpost November 05, 2024

BCE shares fall to 11-year low on moves to buy U.S. internet provider, pause dividend hikes

Telco is funding $5 billion deal for Ziply Fiber with proceeds from sale of its MLSE stakeBCE Inc. agreed to buy an internet provider in the Pacific Northwest, making a surprising push into the U.S. market in pursuit of faster growth. The shares tumbled to a...

Source: Financialpost November 05, 2024

'Gutless executives': Canada's CEOs are jolted by Trudeau's surging rival

Pierre Poilievre is courting working-class voters with an anti-elite message, while seemingly changing the Conservatives' relationship with businessReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affili...

Source: Financialpost November 05, 2024

Bank of Canada neutral rate could be 2.75%, survey finds

Was taken before central bank implemented its jumbo cutThe financial market believes the Bank of Canada will cut its policy rate to 2.75 per cent by June 2025, before holding it there for the remainder of 2025 and into 2026, according to a survey released by...

News Source: Financialpost November 05, 2024

Posthaste: Canada's 'uneven recovery' is leaving the middle class behind

'Under the surface there are clear signs that the average Canadian consumer is suffering' We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canada's 'uneven recovery'...