Daily News

News Source: Financialpost July 20, 2024

Freeland upbeat on economy amid Carney reports

Exactly how long the finance minister will be left in place to handle the world’s 10th-largest economy is a question markCanada’s finance minister says the country is on track for a soft landing, with inflation in retreat, interest rates on the way down and...

Economy Source: Financialpost July 20, 2024

Retail sales slump as high interest rates weigh on shoppers

Receipts for retailers fell 0.3 per cent in JuneCanadian consumers likely continued to tighten their belts in June after a sharp spending pullback in May, marking a weak first half of the year for retail sales in the country. We apologize, but this video...

Economy Source: Financialpost July 20, 2024

'Patch of turbulence' for markets, loonie expected this summer

Watch Karl Schamotta of Corpay discuss what's ahead for the Canadian economyKarl Schamotta, Corpay Inc. chief market strategist, talks to the Financial Post’s Larysa Harapyn about how central bank cuts might play out and how political rhetoric could roil mar...

Source: Financialpost July 19, 2024

Variable-rate borrowers poised to catch another break from Bank of Canada

Bond market says 85% chance of another rate cut next weekVariable-rate borrowers should catch another break from the Bank of Canada next week. The bond market is pricing in more than an 85 per cent chance of a 25 basis point rate cut on Wednesday. We apo...

Source: Financialpost July 19, 2024

Taxpayer gets burned after blindly relying on CRA’s website info

If you overcontribute, the CRA charges a penalty tax of one per cent for every month that any excess contributions stay in your accountReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commissio...

Source: Financialpost July 19, 2024

Everything you need to know about the state of alcohol sales in Ontario

Since LCBO workers went on strike July 5, Ontarians have been wondering just how long and dry their summer might beNearly two weeks into the battle between striking LCBO workers and the province, the Ontario Public Service Employees Union (OPSEU) announced i...

Source: Financialpost July 18, 2024

David Rosenberg: Sorry folks, bear markets, bubbles and recessions are not things of the past

The market's lopsidedness and degree of frothiness resemble the late 1990s more than any other cycle in modern historyEvery mania and bubble share differences and similarities, but the current wave of artificial-intelligence optimism looks a lot like what we...

Source: Financialpost July 18, 2024

Posthaste: Economists breathe a bit easier over Canada, U.S. interest rate divergence and outlook for loonie

Slowing inflation in both countries expected to limit rate gap and could buffer the Canadian dollar We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Economists breath...

Source: Financialpost July 18, 2024

Immigration minister has a message for international students: you can't all stay

Canada is reviewing how many long-term visas it grants to foreign studentsCanada is reviewing how many long-term visas it grants to foreign students, underscoring the government’s desire to slow immigration and population growth. We apologize, but this v...

News Source: Financialpost July 18, 2024

Canada set to be fastest growing economy in G7 in 2025, IMF forecasts

Latest outlook puts this country ahead of United States and United KingdomThe International Monetary Fund is upgrading its forecast for the Canadian economy, projecting it will now grow by 1.3 per cent this year and by 2.4 per cent in 2025, according to a re...