Daily News

Source: Financialpost November 29, 2024

Opinion: Sorry, your life savings are in the mail

The postal strike is an eye-opener on how even in 2024 many large Canadian financial institutions still transfer money with chequesBy Mike Katchen We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos...

Source: Financialpost November 29, 2024

Canada Post temporarily laying off striking workers, union says

CUPW called the layoffs a 'scare tactic'Canada Post Corp. has laid off some of its striking postal workers as labour talks with the union stall. We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos f...

Source: Financialpost November 27, 2024

Bank of Canada deputy warns pushing inflation below 2% comes with big risks

Deflationary cycle can be extremely difficult to escape, says Rhys MendesThe Bank of Canada is warning against inflation falling below the central bank’s two per cent target, which could lead to a deflationary cycle and pose a big risk to the economy. We...

Source: Financialpost November 27, 2024

Opinion: Supply management’s days may be numbered. Good!

If only U.S. pressure will force us to ditch a system that lets industry set its own output levels and therefore prices, well, so be itJust when the Americans have elected an aggressive president and just before the Canada-U.S.-Mexico Agreement (the old NAFT...

Source: Financialpost November 27, 2024

Bank of Canada, Fed should focus on rising delinquencies, defaults, bankruptcies 'before it's too late'

Rosenberg Research: Central banks need to cut rates more with bankruptcy trends on the rise amid too-tight lending standardsDespite the cumulative 75-basis-point cut by the United States Federal Reserve since September and the 125-basis-point cut by the Bank...

Source: Financialpost November 27, 2024

Loonie watch: ‘Nothing but dead air’ stopping the Canadian dollar from hitting 68 cents U.S., says Rosenberg

Trump tariff threat sends Canadian dollar plunging, but some believe markets are overreactingThe Canadian dollar plunged more than half a cent and fell back below 71 cents U.S. after incoming U.S. president Donald Trump said he will impose a 25 per cent tari...

Source: Financialpost November 27, 2024

Trump’s 25% tariff would mean recession for Canadian economy next year, economists warn

Could also fuel inflation and lead to fewer interest rate cutsEconomists are warning the hit to Canada’s economy will be significant if incoming U.S. president Donald Trump makes good on his threat of imposing a 25 per cent tariff on all Canadian and Mexican...

Source: Financialpost November 26, 2024

GST holiday will help Canadians cope with ‘vibecession,’ Freeland says

Deputy prime minister says the proposed tax break will lead to a pick-up in consumer spendingDeputy Prime Minister Chrystia Freeland says her government’s proposed GST measures will lead to a pick-up in consumer spending, even as Canadians continue to feel m...

Source: Financialpost November 26, 2024

Posthaste: When Canada goes electric, households in these provinces will pay more

Almost of half of Canadians could see hikes of $1,000 a year under high-rate scenario, study finds We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: When Canada goes e...

Source: Financialpost November 26, 2024

Canada's banking regulator loosens mortgage stress-test rules. Who will benefit?

By OSFI opening the door wider to switching lenders, more consumers will win at the renewal gameSince the federal mortgage stress test rolled out in 2018, a small percentage of mortgage renewers have been trapped with their current lender, like a bad arrange...