Daily News

Source: Financialpost November 23, 2023

Jack Mintz: Canada may not be broken but Ottawa is definitely broke

With growth flat and interest payments ballooning there's no room for new spending unless deficits are cranked up again — a bad ideaIn her economic update Tuesday, Finance Minister Chrystia Freeland just couldn’t help taking a swipe at Leader of the Oppositi...

Source: Financialpost November 23, 2023

5 measures in the fiscal update aimed at saving Canadians money

$168 million in new spending over six years for programs to make life more affordableOTTAWA — Finance Minister Chrystia Freeland tabled a fall economic statement on Nov. 21 that aims to support middle-class Canadians amid soaring consumer prices and looming...

Source: Financialpost November 23, 2023

Liberals' mortgage charter draws praise and warnings as renewal cliff looms

Economist David Rosenberg warns of 'perverse incentives and unintended consequences' Get the latest from Barbara Shecter straight to your inbox Sign Up A new charter codifying the relief that lenders must offer financially strapped mortgage borrowers...

Source: Financialpost November 23, 2023

Posthaste: Here's what it will take for the Bank of Canada to cut rates — and when it might happen

Reaching the bank's 2% inflation target might not be necessary, Desjardins economists say We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Here's what it will take...

Source: BNN Bloomberg November 22, 2023

Markets today: Stocks, bonds, U.S. dollar barely budge on Fed signals

Stocks, bonds and the dollar barely budged after the Federal Reserve minutes reiterated the central bank’s cautious approach on interest rates, with traders gearing up for Nvidia Corp.’s results. The S&P 500 edged lower after hitting “overbought” levels an...

Market Call Source: BNN Bloomberg November 22, 2023

Brian Madden's Top Picks: November 21, 2023

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK: Stock markets find themselves on much stronger footing in November after three back-to-back months of drawdowns in August, Septe...

Source: Bankofcanada November 22, 2023

Fighting to get back to low inflation

Governor Tiff Macklem outlines how high inflation is hurting Canadians and how monetary policy is working to bring it down. He also explains why the Bank of Canada m...

Source: Financialpost November 22, 2023

Top headlines: Liberals' fiscal update offers few measures to tackle cost-of-living crisis

The latest business news as it happensTop headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: Liberals' fiscal update offers few measures to tackle cos...

Source: Financialpost November 22, 2023

What October's inflation data could mean for mortgage renewals

Wave of Canadians poised to rest their home loansTORONTO — October’s inflation rate fell to 3.1 per cent on a year-to-year basis — down from 3.8 per cent in September — mainly driven by lower gasoline prices, Statistics Canada reported on Tuesday. We...

Source: Financialpost November 22, 2023

Matthew Lau: Here’s a laugh: Ottawa claiming it supports entrepreneurship

Ottawa subsidizes entrepreneurship but only when performed by demographic groups it thinks deserve supportLast week, Justin Trudeau put out a statement to mark Global Entrepreneurship Week. “The Government of Canada,” he said, “is working to remove barriers...