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Source: Financialpost September 17, 2024

Canadian miner unearths 1,094-carat diamond weeks after finding another mammoth gem

It's roughly a third the size of the biggest ever foundLucara Diamond Corp. has recovered another mammoth diamond from a mine in Botswana, its second major find in a month. We apologize, but this video has failed to load. Try refreshing your browser, ort...

Source: Financialpost September 17, 2024

Posthaste: Canada and the world brace for the Fed — and the suspense has rarely been higher

Odds of a smaller or bigger cut still close to a coin toss We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canada and the world brace for the Fed — and the suspense...

Source: Financialpost September 17, 2024

Air Canada and its pilots reached a last-minute agreement to avert a strike. Here's what we know about the deal so far

Airline offered to increase aviators’ pay by 4% annually over 3 years, plus an upfront 26% pay boost, along with other benefitsA last-minute deal between Air Canada and its pilots has averted a labour disruption that many expected would greatly impact Canada...

Source: Financialpost September 17, 2024

Bank of Canada governor raises prospect of bigger rate cuts

Tiff Macklem signals central bank will step up pace of reductions should economic conditions worsenBank of Canada governor Tiff Macklem has opened the door to accelerating the pace of interest rate cuts, signalling policymakers could switch to jumbo 50-basis...

Source: Financialpost September 17, 2024

Family law trumps succession law in case of man who tried to cut children's mother out of properties

A will that leaves nothing to a surviving spouse does not extinguish that person's entitlement to equalizationUnder Ontario’s Family Law Act (FLA), a married couple shares in the growth of their net worth between the dates of marriage and separation. Called...

Economy Source: Financialpost September 17, 2024

Canadians becoming more optimistic about their finances as Bank of Canada cuts rates

Financial optimism is showing up in several areas, including housing, retirement and the economyCanadians continue to show more green shoots of optimism regarding their financial prospects as the Bank of Canada cuts interest rates, suggests the most recent r...

Source: Financialpost September 16, 2024

For borrowers, mortgage rate tracking sites are an invaluable tool. Here are the best ones

Robert McLister: Each site has its quirks. Knowing these quirks is key to scoring not just a great rate, but a phenomenal oneNo layperson tracks mortgage rates daily, unless they have a peculiar hobby. Hence, the birth of mortgage rate comparison sites....

Source: Financialpost September 16, 2024

Air Canada reaches deal with pilots' union, averting strike

Last-minute pact dodges walkout that would have grounded more than 1,000 daily flights worldwideAir Canada reached a last-minute pact with the pilots’ union, averting a strike that would have grounded more than 1,000 daily flights worldwide. We apologize...

Source: Financialpost September 15, 2024

U.S. court reverses US$564-million verdict against BMO in Ponzi scheme lawsuit

Win for Canadian bank will boost earnings in fourth quarter, says analyst Get the latest from Naimul Karim straight to your inbox Sign Up A U.S. court has reversed a previous verdict that ordered a subsidiary of the Bank of Montreal to pay US$564 mill...

Source: Financialpost September 14, 2024

Canada, Quebec give billions of dollars for satellite production

Technology will help remote Canadians connect with cheaper, more reliable internet, Trudeau saysMONTREAL — The Canadian government has announced a loan of $2.14 billion to satellite operator Telesat Holdings Inc., to help the company build its broadband sate...