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Source: Financialpost August 16, 2024

RBC and TD among financial firms fined by SEC in WhatsApp investigations

Probes uncovered 'pervasive and longstanding use of unapproved communication methods'Twenty-six financial firms agreed to pay about US$393 million in total fines after the U.S. Securities and Exchange Commission said they failed to keep their employees’ elec...

Source: Financialpost August 16, 2024

Bank of Canada rate cut gives indebted Canadians reason to hope, poll finds

A rising number of people believe the economy will improve over the next two monthsMore debt-burdened Canadians think better days could be just around the corner after an interest rate cut and promising data boosted their outlook for the economy, a long-runn...

Source: Financialpost August 15, 2024

Rogers turned 'predatory' after Shaw acquisition, Corus says

Corus stock market value is down to $31 million and analysts warn it must recapitalize to reduce debtTelecommunications firm Rogers Communications Inc. is abusing its market power following its blockbuster acquisition of Shaw Communications Inc., according t...

Source: Financialpost August 15, 2024

Joe Oliver: The walls are closing in on Justin Trudeau

We may not be in a recession but it can sure feel that way. And dumping unpopular incumbents seems to be popular these daysAmong the myriad problems Justin Trudeau is confronting, two have an immediacy that must be especially troubling. One is political, the...

Source: Bankofcanada August 14, 2024

Canada Border Services Agency wins Bank of Canada counterfeit deterrence award

This year’s winners are a team from the Canada Border Services Agency (CBSA) who worked in partnership with the Bank of Canada and the Royal Canadian Mounted Police’...

Source: Financialpost August 14, 2024

In Canada’s topsy-turvy housing market, more supply could mean less affordability, report warns

Haider-Moranis: Oxford Economics cautions that Toronto and Vancouver are akin to New York and London where demand can never be satisfiedBy Murtaza Haider and Stephen Moranis We apologize, but this video has failed to load. Try refreshing your browser, or...

Source: Financialpost August 14, 2024

William Watson: Albertans should be steaming mad over EV tariffs

After years of Ottawa telling us oil and gas jobs must be sacrificed to save the planet, it now turns out auto sector jobs are sacrosanctIf I were an Albertan, I’d be steaming mad about the tariffs that are obviously coming on inexpensive Chinese electric ve...

Source: Financialpost August 14, 2024

Posthaste: Downturn expected to get worse before Bank of Canada rate cuts kick in

Canadian dollar, on the other hand, is weathering the storm We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Downturn expected to get worse before Bank of Canada rate...

Source: Financialpost August 14, 2024

Details on capital gains changes finally released, but Canada is still in bad shape

Kim Moody: Draft legislation comes almost two weeks later than promisedReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. The Parliament...

Source: Financialpost August 13, 2024

To solve housing affordability, Canada must fix its productivity problem

Opinion: Households need more buying power to keep up with rising home pricesFor years, Canadian policymakers have been sleepwalking past a growing housing affordability crisis. Now, with homes seeming impossibly out of reach to so many and voter discontent...