Daily News

Source: Bankofcanada January 25, 2023

Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening

The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening. G...

Source: Bankofcanada January 25, 2023

Monetary Policy Report Press Conference Opening Statement

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement and the Bank’s Monetary Policy Re...

Source: Financialpost January 25, 2023

Posthaste: What another Bank of Canada hike could mean to the housing market and borrowers

Is the worst of the rate shock behind us? Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. We ap...

Source: Financialpost January 25, 2023

Eric Nuttall: Canada could be as green and wealthy as Qatar and Saudi Arabia if government wakes up

Instead of vilifying the oil and gas sectors, Canada should champion them Driving the streets of Doha in Qatar, a country soon to become the world’s largest exporter of liquefied natural gas (LNG), the words “there has never been a strong busin...

Source: Financialpost January 25, 2023

Diane Francis: Justin Trudeau Liberals keep proving they are amateurs

Trudeau and his cabinet are headed for the scrap heap because of years of incompetent governance In recent days, eye-popping reports about Canada’s unusable tanks and about its over reliance on outside contractors came to light, underscoring th...

Source: Financialpost January 25, 2023

Exclusive: Canadian housing market 'is a castle built on sand': David Rosenberg

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 HSBC HSBC Watch: Prominent...

Source: Financialpost January 25, 2023

Alphabet's DeepMind lays off staff, closes Edmonton office

Impacted engineers, researchers will be offered option to relocate to other offices Alphabet Inc.’s research lab DeepMind will close its Edmonton, Alta., outpost and lay off some operational staff in the U.K., part of the tech giant’s recent pr...

Economy Source: Financialpost January 25, 2023

Why the Bank of Canada should hike interest rates this week

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 HSBC HSBC Theo Argitis and...

Source: BNN Bloomberg January 24, 2023

Luxury brand stocks: Three hot picks from Oliver Chen

The luxury brand sector could stand to benefit from pent-up consumer demand, especially amid China’s economic reopening, one analyst said.    Speaking with BNN Bloomberg's Amber Kanwar on Monday, Oliver Chen, senior research analyst at Cowen Inc., said despi...

Market Call Source: BNN Bloomberg January 24, 2023

Lorne Steinberg's Top Picks: January 23, 2023

Lorne Steinberg, president, Lorne Steinberg Wealth Management FOCUS: Global value stocks and high-yield bonds MARKET OUTLOOK: Elevated inflation, rising interest rates, a war in Ukraine and supply chain shortages; all of these issues which negative...