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Source: Financialpost August 24, 2024

Who's afraid of the big bad variable rate mortgage?

Robert McLister: With all evidence suggesting interest rates are on the decline, why are borrowers still afraid of variable rate mortgages?For a seemingly endless 27 months, from March 2022 to June 2024, those with variable-rate mortgages watched in dread as...

Source: Financialpost August 24, 2024

Howard Levitt: Wrongful dismissal lawsuit against RBC has captivated corporate Canada

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 People are entranced by the $50 m...

Economy Source: Financialpost August 24, 2024

Loonie rally puts currency market's biggest short to the test

Hedge funds and asset managers amassed a roughly US$14 billion short position in the Canadian dollarTraders have piled into record wagers against the loonie, betting that a rapidly slowing Canadian economy and a dovish central bank will deepen the currency’s...

Source: Financialpost August 23, 2024

5 ways the rich have an advantage over you

Peter Hodson: It takes money to make money, but once you have money, the advantages increaseThe perfect amount of money is not more; the perfect amount of money is enough. It is a great quote and a good philosophy. We apologize, but this video has failed...

Source: Financialpost August 23, 2024

Posthaste: Why it might be time to pile back into Canadian stocks

TSX could beat S&P 500 this year as this indicator turns positive for first time in 18 months We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Why it might be time to...

Source: Financialpost August 23, 2024

CEO succession plans loom at TD as it takes financial hit in money laundering probe

The bank said it is setting aside US$2.6 billion for expected fines from the U.S. investigation Get the latest from Barbara Shecter straight to your inbox Sign Up Toronto-Dominion Bank has now set aside a total of US$3 billion to cover a global settle...

Source: Financialpost August 23, 2024

CRA denies disability claim to woman who is allergic to perfume

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...

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...