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Economy Source: Financialpost August 23, 2024

David Rosenberg: Bank of Canada is still way behind the curve even with two rate cuts under its belt

We are at least 175 basis points away from any real stimulus for this moribund economyIf the Bank of Canada had the same dual mandate as the United States Federal Reserve, it would consider stepping up the pace of its rate-cutting plan, because looking at th...

Source: Financialpost August 22, 2024

Lowering the age for public pension eligibility reduces senior poverty rates: report

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by BMO Global Asset Management BMO Global Asset Managem...

Source: Financialpost August 22, 2024

TD Bank takes US$2.6 billion hit on money laundering probe, sells Schwab shares

Its Schwab stake will fall to 10.1% from 12.3%Toronto-Dominion Bank is taking a provision of US$2.6 billion for fines it expects to pay for failures in its money-laundering controls, and has sold part of its stake in Charles Schwab Corp. to fund it. We a...

Source: Financialpost August 22, 2024

TD's U.S. retail bank, once prized, now drags down its stock

All eyes will be on TD’s U.S. results and strategy when it kicks off bank earnings season on ThursdayToronto-Dominion Bank’s expensive foray into the U.S. was supposed to supercharge its growth. Instead, it’s become a drag on profitability and badly dented t...

Source: Financialpost August 21, 2024

Howard Levitt: Ageism is alive and well in Canadian workplaces

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by Workday Workday Subtle and overt pressure is ofte...

Source: Financialpost August 21, 2024

Cooling inflation leaves door to Bank of Canada rate cuts 'wide open'

Consumer price index rises at slowest pace in over three yearsThe inflation rate in July cooled to 2.5 per cent, its slowest pace since March 2021 and down from 2.7 per cent in June, Statistics Canada said on Tuesday. We apologize, but this video has fai...

Source: Financialpost August 21, 2024

'Inflation risks fading:' Latest data has economists predicting multiple rate cuts by Bank of Canada

Economists believe latest reading cements 25-basis point cut in SeptemberStatistics Canada’s July consumer price index showed a significant cooling in inflation, with the rate easing to 2.5 per cent — its slowest pace since March of 2021. We apologize, b...

Source: Financialpost August 21, 2024

Canadians are wasting money and losing productivity to deal with recent tax changes

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by BMO Global Asset Management BMO Global Asset Managem...

News Source: Financialpost August 21, 2024

Posthaste: This sector of Canada's economy is firmly in recession

The blows keep coming for manufacturing We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: This sector of Canada's economy is firmly in recession Back to video Th...

Source: Financialpost August 20, 2024

Teamsters union serves strike notice to CPKC; CN Rail issues lockout notice

Both CPKC and CN Rail have been halting shipments in preparation for potential work stoppagesMore than 9,000 workers at Canada’s two major railways could be either on strike or locked out as of Thursday, disrupting supply chains relied upon by many industrie...