Daily News

Source: Financialpost April 10, 2024

Why Ottawa's $6-billion housing infrastructure fund has some provinces fuming

Money comes with conditions attached — such as zoning changes that allow for uncontested fourplex constructionLast week, Prime Minister Justin Trudeau unveiled a $6 billion funding initiative aimed at tackling Canada’s housing crisis by providing funds to mu...

Source: Financialpost April 10, 2024

Fiscal picture for provinces getting worse, but don't blame irresponsible spending

Canada's 10 provinces are projecting a combined deficit of more than $30 billion, the largest outside the pandemicFinances have deteriorated in a number of provinces over the past year, but at least one bank believes that rising deficits don’t necessarily me...

Source: Financialpost April 10, 2024

B.C. gets third credit downgrade in 3 years

Credit rating was cut to AA- by S&P Global Ratings with a negative outlookBritish Columbia’s credit rating was cut to AA- by S&P Global Ratings with a negative outlook — its third downgrade in three years — after the provincial government decided to ramp up...

Source: Financialpost April 10, 2024

A single act of courage is needed to fix Canada's tax system, but this government won't do it

Kim Moody: Tax reform and review needs to happen to counter the negative consequences of our tax system being tipped overReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchas...

Source: BNN Bloomberg April 09, 2024

Markets today: Bond yields hit 2024 highs with inflation in focus

The world’s biggest bond market kicked off the week on the back foot as geopolitical pressures abated and traders positioned for this week’s key inflation data.   Treasury 10-year yields rose to the highest since November and came within a striking dist...

Source: Financialpost April 09, 2024

Posthaste: Affording a home in Canada has never been tougher, with one city in 'full-blown crisis'

A household now needs to spend a 'staggering' 63.5% of income to cover the cost of owning a home We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Affording a home...

Source: Financialpost April 09, 2024

RBC fires CFO Nadine Ahn after probe into personal relationship

Royal Bank of Canada fired its chief Financial Officer Nadine Ahn after an internal review concluded that she was in an undisclosed close personal relationship with another employee that violated the bank’s code of conduct. We apologize, but this vide...

Source: Financialpost April 09, 2024

Frank McKenna: Alberta's pension plan gambit risks undermining a great Canadian achievement

Opinion: The Canada Pension Plan is the envy of the world and should be protected like other projects that unite us By Frank McKenna  The debate over Alberta’s proposal to create a new provincial pension plan to replace the Canada Pension Plan must not be c...

Source: Financialpost April 09, 2024

West Virginia bars TD, HSBC, Citi, Northern Trust from banking contracts over ESG policies

State Treasurer Riley Moore says banks 'boycott' fossil fuels industryWest Virginia’s treasurer announced that he is restricting four financial services firms from providing state banking services because he says they “boycott” the fossil fuels industry....

Source: Financialpost April 09, 2024

Paul Deegan: Dismissal of Royal Bank CFO is no run-of-the-mill firing

Opinion: Exceptional circumstances likely gave the bank little choice on a course of actionby Paul Deegan   We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Paul Deegan: Dis...