Daily News

Source: Financialpost July 16, 2024

Diane Francis: Lavish condo purchased for consul general in New York epitomizes Trudeau's profligacy

Although the apartment isn't meant for the King, it’s fit for a kingLast week was a busy one for Prime Minister Justin Trudeau. Leaks undermining his finance minister surfaced, as did reports that he was courting former Bank of Canada governor Mark Carney. B...

Source: Financialpost July 15, 2024

Rate cut won't improve affordability or increase housing sales, majority of Canadians say in survey

72% believe the cut will have little effect on the housing market overallA significant majority of Canadians do not anticipate improved affordability or increased housing sales as a result of the Bank of Canada’s June rate cut, a new poll by market research...

Source: Financialpost July 14, 2024

Home prices to rise 9% this year, despite uncertainty over rate cuts, Royal LePage says

Prices increase 1.9 per cent in second quarter even as number of properties bought and sold sagThe national aggregate home price rose again in the second quarter and is expected to increase further by the end of the year, real estate firm Royal LePage said....

Source: Financialpost July 14, 2024

'Good luck getting a seat': That's the message to Canadians looking to fly this summer

Watch airline expert John Gradek break down the struggles plaguing the airline industry and what they could mean for summer travelJohn Gradek, faculty lecturer of supply networks and aviation at McGill University, talks with Financial Post’s Larysa Harapyn a...

Source: Financialpost July 13, 2024

'Something's wrong with this market' — private firms look to leave province as 'auto insurance crisis' roils Alberta

Chris Varcoe: As bills for motorists have risen in recent years, Alberta’s auto insurance system has been under an intense spotlightTwo private-sector auto insurers have served notice over the past month they’re leaving the province. We apologize, but th...

Source: Financialpost July 13, 2024

Jack Mintz: Federal employment bloat costing taxpayers at least $10 billion annually

Canada's population is up 12.5 per cent since 2014. The non-military federal civil service is up 39.9 per cent. What's going on?Buried among the many tables in Statistics Canada’s June employment report are data on public sector employment: federal, provinci...

Source: Financialpost July 13, 2024

Posthaste: Canada's housing obsession feeding into productivity slump, report says

More investment dollars going to real estate than to sectors that give economy bigger boost We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canada's housing obsessio...

Source: Financialpost July 13, 2024

Howard Levitt: Canadian workplaces are full of Joe Bidens

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 Canadian workplaces are full of J...

Source: Financialpost July 12, 2024

Weaker inflation — even in the U.S. — what the Bank of Canada is hoping for

Canadian government bond yields, which steer fixed mortgage rates, fallThe consumer price index (CPI) looked promising in the United States today as inflation chilled to three per cent, just a hair above a three-year low. Canadian government bond yields — wh...

Source: Financialpost July 12, 2024

RBC shakes up leadership and splits P&C banking unit into two

One of the biggest reorganizations in CEO Dave McKay’s tenureRoyal Bank of Canada is shuffling its leadership ranks and breaking its largest division into two, in one of the biggest reorganizations of Dave McKay’s decade-long tenure as chief executive. W...