Daily News

Source: Financialpost April 13, 2024

How U.S. inflation's 'bumpy ride' could threaten Canadian mortgage rates

Robert McLister: Spike in bond yields a reminder that Canada does not control its own destiny on ratesLast December, Bank of Canada governor Tiff Macklem suggested we’d ride an economic rollercoaster on the way back to two per cent inflation. “We can’t rule...

Source: Financialpost April 13, 2024

OSFI confirms new limits on banks' mortgages to highly indebted borrowers

Monitoring of banks' mortgage portfolios will begin next year Get the latest from Barbara Shecter straight to your inbox Sign Up Canada’s top banking regulator will begin tracking and limiting how many highly leveraged borrowers banks have on their mo...

Source: Financialpost April 13, 2024

Opinion: The dirty, but not so little secrets of the federal carbon tax

Small business was promised carbon tax rebates. But they have received nothing so far and now their share is being cut almost in halfBy Dan Kelly We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other vid...

Economy Source: Financialpost April 13, 2024

Most Canadians don't feel like the economy is doing better, poll finds

Data show a stronger economy, but Canadians say they are worse off in their day-to-day livesDespite forecasts for stronger-than-expected growth in early 2024, a majority of Canadians just don’t like where the economy is headed, according to the latest result...

Source: BNN Bloomberg April 12, 2024

Markets today: 'Mag Seven' power stocks in run-up to U.S. earnings

The world’s largest technology companies drove a rebound in stocks, with traders bracing for a deluge of results from Corporate America that will test this year’s US$4 trillion rally. Earnings season kicks into full swing Friday, with JPMorgan Chase & Co.,...

Source: Financialpost April 12, 2024

Canada to allow 30-year mortgages for first-time homebuyers

Government will also nearly double — to $60,000 — the amount first-time homebuyers can withdraw from RRSPs to buy a homeCanada will loosen the rules on mortgages to allow first-time buyers to take out 30-year loans when they purchase newly-built homes....

Source: Financialpost April 12, 2024

Canada's productivity woes going from bad to worse, warn economists

The country's productivity has fallen for the past 13 quarters and is now back to where it was in 2016Canada’s productivity problem has gone from bad to worse, a panel of economists told a conference in Toronto Thursday. We apologize, but this video h...

Source: Financialpost April 12, 2024

What the 30-year mortgage changes mean for consumers

Launches Aug. 1 for default-insured first-time buyers purchasing newly built homesDespite Wednesday’s jump in U.S. inflation, the Bank of Canada meeting and Canada’s 14-basis point eruption in 5-year bond yields, our leading mortgage rates are still flat ver...

Source: BNN Bloomberg April 11, 2024

Markets today: S&P 500 hit by Fed-pivot rethink and war jitters

Wall Street traders sent stocks and bonds sliding after another hot inflation report signaled the Federal Reserve will be in no rush to cut rates this year. Oil climbed as geopolitical jitters resurfaced. Equities extended their April losses, with the S&P...

Source: Financialpost April 11, 2024

Copper has entered its second bull market this century, say analysts

Potential for 'explosive price upside' over the next three yearsCopper has entered its second secular bull market this century, Citigroup Inc. analysts say, as the metal traded near a 15-month high. We apologize, but this video has failed to load. Try...