Daily News

Source: Financialpost December 24, 2024

Bank of Canada's decision to cut by half point 'a close call,' deliberations show

The recent fall of the Canadian dollar and its impact on inflation were also considered by policy makersThe decision by Bank of Canada governing council members to cut the policy rate by 50 basis points in December was a “close call,” according to minutes re...

Source: Financialpost December 23, 2024

Liberal Push to Oust Trudeau Gains Momentum in Ontario: CBC

More than 50 Liberal Party members of parliament from Ontario came to a “consensus” during a conference call Saturday that Justin Trudeau must step down as prime minister, the Canadian Broadcasting Corp. reported.(Bloomberg) — More than 50 Liberal Party memb...

Source: Financialpost December 22, 2024

BCE must slash dividend to stage a turnaround, Scotiabank says

Bay Street analyst said Canada’s largest telecom company needs to tackle 'pain point'After a year that sent BCE Inc. shares to a 14-year low, a Bay Street analyst said Canada’s largest telecom company needs to cut its dividend. We apologize, but this vide...

Source: Financialpost December 21, 2024

Posthaste: Bank of Canada end rate still out view as whirlwind year of cuts comes to close

Interest rates, at the top end of policymakers' neutral range, still have a ways to fall, say economists We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Bank of Cana...

Source: Financialpost December 21, 2024

Jack Mintz: Canada can no longer afford a peace dividend 

With Canada already behind the eight ball, a three per cent target would have a profound impact on our federal budgetAs we enter the holiday period, “peace” is very much top of mind. The Finnish celebrate “Christmas Peace” each year to formally announce the...

Source: Financialpost December 21, 2024

Inside Justin Trudeau's shocking call with Freeland that sparked Canada's political crisis

Events that threaten to finish him as Canada’s prime minister snowballed in a matter of daysJustin Trudeau’s political future has been shaky for months. But the events that threaten to finish him as Canada’s prime minister snowballed into a crisis in a matte...

Source: Financialpost December 21, 2024

Canada Pension Plan report is out — but the big question remains unanswered

Danielle Smith says Alberta needs firm number to hold referendum on leaving the planEDMONTON — Alberta Premier Danielle Smith says the province has heard back from Canada’s chief actuary on its bid to leave the Canada Pension Plan but says there’s no estimat...

Source: Financialpost December 20, 2024

Not a mortgage rate was stirring (Well, maybe an insured two-year fixed...)

Robert McLister: But that doesn’t mean the mortgage market itself is deadThis week, Canada’s mortgage rate scene was as quiet as a bank vault on Christmas Day. Only one national mortgage rate leader tweaked its offers since last Thursday. That was on the two...

Source: Financialpost December 20, 2024

Bill Gates invests in Montreal company looking to remove CO2 from air

“It’s not a technology problem; it’s an energy problem. We don't have enough energy and we need to drive up the efficiency of the power use" Get the latest from Gabriel Friedman straight to your inbox Sign Up Bill Gates’ Breakthrough Energy Catalyst i...

Source: Financialpost December 20, 2024

Canadians urged to take risks as equity deals hit 23-year low

There is hope that lower capital costs will spur activity in Canada, where the central bank has cut interest rates five times this yearInvestment bankers are urging Toronto-listed companies to buy a business or raise some money as deal volumes in Canada have...