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Source: Financialpost December 19, 2023

Diane Francis: Donald Trump would be bad for Canada (but not as bad as Trudeau)

Eight years of Trudeau has essentially turned Canada into an autonomous economic region of the United StatesA spate of recent articles in the United States have been speculating about how America will change if Donald Trump is re-elected in 2024. But there w...

Source: Financialpost December 18, 2023

William Watson: Alberta’s CO2 is the same as everybody else's so why a separate cap for oil and gas? 

Special measures for oil and gas mean the sacrifice in cutting carbon will be greater in that industry than everywhere elseThese days an intro economics course probably starts with colonialism. Or the evils of settling. But way back in the 20th century when...

Source: Financialpost December 18, 2023

Canada's economy will fall into a 'mild recession' to start 2024, says Deloitte economist

Watch: economist Dawn Desjardins shares her insights on the outlook for 2024Dawn Desjardins, chief economist at Deloitte Canada, talks to the Financial Post’s Larysa Harapyn about the outlook for the Canadian economy in 2024, how many interest rate cuts to e...

Source: Financialpost December 17, 2023

Jack Mintz: Calgary’s tone-deaf mayor stumbles again

Jyoti Gondek's popularity is plummeting over property tax hikes, menorah lighting debacleCalgary’s mayor, Jyoti Gondek, just had her worst month since being elected two years ago. It was not just her tone-deaf handling of the lighting of a menorah. It was al...

Source: Financialpost December 17, 2023

Expect Canadian real estate market to come 'unstuck' in 2024

Watch real estate experts Steve Saretsky and John Pasalis unpack the year ahead in housingVancouver realtor Steve Saretsky and John Pasalis of Realosophy Realty talk to Financial Post’s Larysa Harapyn about the year ahead in Canadian real estate. We a...

Source: Financialpost December 17, 2023

Bank of Canada will cut three times next year to bring rate to 4.25%, Deloitte predicts

Economy will slow at start of new year, but pick up laterThe Bank of Canada will likely start cutting interest rates in the second quarter of 2024, predicts the chief economist at Deloitte Canada. We apologize, but this video has failed to load. Try r...

Company News Source: BNN Bloomberg December 16, 2023

Blackstone, CPPIB take US$1.2 billion stake in Signature Bank deal

A joint venture that includes Blackstone Inc. and Canada Pension Plan Investment Board has won a stake in a nearly US$17 billion portfolio of commercial-property loans from the failed Signature Bank.  The companies are also partnering with funds affiliated...

Source: BNN Bloomberg December 16, 2023

What experts are expecting for the TSX in 2024

Canada’s stock market is poised for a good year of returns in 2024, experts say, with a pause in the interest rate environment expected to lift several key sectors higher. Canada's stock market underperformed its U.S. counterpart in 2023 is because it is m...

Market Call Source: BNN Bloomberg December 16, 2023

Darren Sissons' Top Picks: December 15, 2023

Darren Sissons, vice-president and partner, Campbell, Lee & Ross FOCUS: Global and technology stocks  MARKET OUTLOOK: For investors, December is always a tricky time of year, but more so this year given the complex trading environment in 2023. This...

Source: BNN Bloomberg December 16, 2023

Markets today: Nasdaq 100 caps pivotal U.S. Fed week at record high

Wall Street went all in on stocks and bonds this week after Jerome Powell signaled the Federal Reserve’s aggressive hiking campaign is nearing its end. The U.S. central bank left its benchmark rate unchanged as policymakers pivoted away from further rate h...