Daily News

Source: Financialpost August 13, 2024

Don't blame recession fears for the market tumult. It's something bigger

Martin Pelletier: Unwinding of the $4-trillion yen carry trade has implications for liquidity in markets around the worldThe market volatility we’ve seen over the past week and a half has been astounding. The VXX, an exchange-traded fund that tracks the VIX...

Source: Financialpost August 13, 2024

RBC's fired CFO says she was in the running for CEO before bank sacked her over relationship

Nadine Ahn, who is suing RBC, was let go on April 5 by Canada’s largest bankNadine Ahn says she had a chance to become the first woman to run Royal Bank of Canada before she was fired over a personal relationship with a colleague. We apologize, but this...

Source: Financialpost August 13, 2024

Diane Francis: Trudeau dropped the ball on national security

Prime Minister and Jagmeet Singh do not protect CanadiansThe Trudeau government has neglected the country’s military, but its immigration policies, and student visa system, represent another serious security lapse. We apologize, but this video has failed...

Source: Financialpost August 13, 2024

Young Canadians left jobless amid influx of cheap foreign workers

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 Youth unemployment at highest lev...

Source: Financialpost August 11, 2024

RBC's former CFO sues bank, denies affair with colleague

Nadine Ahn seeking nearly $50 million in pay and damagesRoyal Bank of Canada’s former chief financial officer is suing for wrongful dismissal, arguing the bank made a “devastating” error when it fired her over a personal relationship with a co-worker — and d...

Source: Financialpost August 10, 2024

Reports of a 'mortgage renewal cliff' have been greatly exaggerated

It’s high time to dial down the dramaFew real estate stories have had more hype in the last year than the dreaded real estate stories, a.k.a. “mortgage renewal cliff,” “mortgage renewal wall,” or whatever other ominous-sounding metaphor commentators came up...

Source: Financialpost August 10, 2024

Lenders cut rates following supersized drop in funding costs

Leading insured five-year fixed rates just dipped to 4.29% — a 16-month lowIt’s rate cuts galore this week as lenders play catch-up to the supersized drop in funding costs. We apologize, but this video has failed to load. Try refreshing your browser, ort...

Source: Financialpost August 10, 2024

Posthaste: Canadian home prices will experience 'sizable pullbacks' in cities you might not expect

Affordability and higher interest rates to bite in the second half of year, says Oxford Economics We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canadian home price...

Source: Financialpost August 10, 2024

CRA wins in court as woman fails to justify RRSP overcontribution

Ordered to pay penalty and tax agency's costsReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. No one likes paying tax on investment in...

Source: Financialpost August 09, 2024

Trudeau's temporary resident cap could hurt the economy, business groups warn

A surge in temporary residents pushed Canada’s population growth rate to 3.2%, one of the world’s fastestCanada’s independent business advocate says Prime Minister Justin Trudeau’s plan to reduce temporary immigration risks dire economic consequences, unders...