Daily News

Source: Financialpost October 19, 2024

Trans Mountain expansion has Canadian crude going to Alaska

The cargo of 466,000 barrels of oil left from Vancouver on Oct. 1 and arrived 10 days later in Nikisi, AlaskaA tanker of Canadian crude was shipped from Vancouver to Alaska for the first time in at least 10 years as the recently expanded Trans Mountain pipel...

Source: Financialpost October 19, 2024

For first time in 25 years, majority of Canadians say there is too much immigration

Public support for newcomers is sinking, poll finds ahead of the release of government targets Get the latest from Naimul Karim straight to your inbox Sign Up Public support for the number of newcomers coming into Canada has declined for the second co...

Source: Financialpost October 19, 2024

Look to bond yields after next week's Bank of Canada announcement. They're like a GPS for fixed-rate mortgages

Robert McLister: Every borrower wants to know where the central bank will take rates next, and the bond market could give us those cluesWith Canada’s official inflation measure now well below the two per cent target, two-thirds of economists think the Bank o...

Source: Financialpost October 18, 2024

Attention U.S. investors: Take profits in the S&P 500 and head north

Rosenberg Research sees shift in favour of Canadian stocks compared to their peers in the United StatesBy Marius Jongstra We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Atten...

Source: Financialpost October 18, 2024

For mortgage rates this week, it's the calm before the storm

Robert McLister: Bank of Canada expected to bring out the chainsaw and slash rates on WednesdayLeading mortgage rates have gone into hibernation. After spiking last week, not a single rate from a leading nationwide lender has budged. That’s as rare as a comf...

Source: Financialpost October 18, 2024

Posthaste: There's now a bigger risk to Canada's economy than the mortgage renewal cliff

Canadians should be more worried about jobs than mortgages, says RBC We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: There's now a bigger risk to Canada's economy th...

Source: Financialpost October 17, 2024

Bank of Canada to chop rates a full point by year end, National Bank says

'We needed to be there yesterday,' top economist saysThe Bank of Canada will likely cut interest rates by a full percentage point by the end of this year, a top economist said. We apologize, but this video has failed to load. Try refreshing your browser,...

Source: Financialpost October 17, 2024

'More urgency now to return interest rates to neutral': Desjardins' Jimmy Jean

Watch: Desjardins' chief economist thinks the latest inflation data has 'sealed the deal' for a 50 basis-point cut later this monthJimmy Jean, chief economist at Desjardins Group, talks with Financial Post’s Larysa Harapyn about how inflation numbers are com...

Source: Financialpost October 17, 2024

Posthaste: Bank of Canada could have a new worry as 'overly restrictive' interest rates sting, economists warn

Signs of disinflation all over the September CPI report meaning rates are hurting the economy We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Bank of Canada could ha...

Economy Source: Financialpost October 17, 2024

Bank of Canada needs to 'flip the script' as weak economic data builds up

Manufacturing sales fell 1.3 per cent in August to their lowest level since January 2022Weak manufacturing sales are adding to the evidence that Canada’s third-quarter gross domestic product will come in well under the central bank’s expectations, likely amp...