Daily News

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...

Source: Financialpost November 26, 2024

Why RBC and BMO stand out among Canadian banks

John Aiken at Jefferies talks about Canada's big six banks and the outlook for upcoming earningsJohn Aiken, analyst at Jefferies Financial Group, talks with Financial Post’s Larysa Harapyn about Canada’s big six banks, the outlook for upcoming earnings, guid...

Source: Financialpost November 24, 2024

Canada's housing market wakes up as homebuyers look to get jump on busy spring

Watch: John Pasalis of Realosophy Realty explains why Canadians are coming off the sidelinesJohn Pasalis, president of Realosophy Realty, talks with Financial Post’s Larysa Harapyn about Canada’s home prices and how homebuyers are emerging from the sidelines...

Source: Financialpost November 24, 2024

Suncor's CEO lauds 'rock star' Firebag oilsands site

Helps energy giant hit record output from wells in Alberta in OctoberSuncor Energy Inc.’s crude output from wells in Alberta rose to a record in October on gains at the Firebag oilsands site, which the producer’s chief executive has called a “rock star” oper...

Source: Financialpost November 23, 2024

Posthaste: What tax break on GST could mean for Bank of Canada 50 bps rate cut

Ottawa pledges tax holiday on raft of consumer goods plus rebates for millions of Canadians We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: What tax break on GST cou...

Source: Financialpost November 23, 2024

Canada Post reports $315 million loss in third quarter as strike continues

The financial losses coincide with an escalating work stoppage that is entering its second weekCanada Post reported a before tax loss of $315 million for the third quarter of 2024, widening its deficit by $25 million compared to the same period last year. Th...