Daily News

Source: Financialpost September 06, 2024

Clash over natural gas comes to Ontario's electrical grid

Largest energy procurement in the province's history is on a collision course with federal policy Get the latest from Gabriel Friedman straight to your inbox Sign Up Ontario is preparing the largest energy procurement in its history, which will reshap...

Source: Financialpost September 06, 2024

Posthaste: CIBC says the 'when' for Canadian dividend stocks is now

Falling interest rates to bring flood of funds back to financials, REITs, utilities and telecoms We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: CIBC says the 'when'...

Source: Financialpost September 06, 2024

Borrowers could soon see lowest 5-year fixed rates in more than 2 years

Robert McLister: We’re probably not far from seeing 3.99% 5-year fixed rates — at least of the insured varietyCanada’s central bank just tossed borrowers another bone with a quarter-point rate cut. That has brought Canada’s benchmark prime rate down to 6.45...

Source: Financialpost September 05, 2024

String of rate cuts not enough to 'resuscitate' housing market, experts say

Effects not likely to be felt for some timeOn Wednesday, the Bank of Canada cut its benchmark interest rate by 25 basis points for the third consecutive time, bringing it down to 4.25 per cent. Economists are predicting further interest rate cuts by the cent...

Source: Financialpost September 05, 2024

Bank of Canada could cut rates to 2.5% by next year, say economists

Here's what the experts are saying about the central bank's decision today and the road aheadThe Bank of Canada cut interest rates for a third consecutive time by 25 basis points on Wednesday, leaving its benchmark lending rate at 4.25 per cent. We apolo...

Source: Financialpost September 05, 2024

Bank of Canada cuts interest rate to 4.25%, signals more easing to come

Last time the central bank cut three times in a row, outside the pandemic, was the global financial crisisThe Bank of Canada cut its policy interest rate for the third consecutive time on Wednesday and signalled that more cuts were ahead as concern about a w...

Source: Financialpost September 05, 2024

Air Canada offers pilots 30% pay boost as strike deadline nears

Union says pilots paid less than half of what industry counterparts receiveAir Canada has offered to boost the pay of more than 5,000 pilots by about 30 per cent within the next three years, according to people familiar with the matter, as it seeks to preven...

Source: Bankofcanada September 04, 2024

Monetary Policy Decision Press Conference Opening Statement

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement. Today, we lowered the policy interest rates by 25 basis points to 4.25%. This is...

Source: Bankofcanada September 04, 2024

Bank of Canada reduces policy rate by 25 basis points to 4¼%

The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is continuing its policy of balance sheet normalization. The...

Source: Financialpost September 04, 2024

Posthaste: Odds of a half-point Bank of Canada cut are rising, say these economists

How quickly interest rates will come down is still up in the air We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Odds of a half-point Bank of Canada cut are rising,...