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Source: Financialpost December 10, 2024

Howard Levitt: Five common employment myths that the courts have debunked

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by Workday Workday The rule is, 'Know your statutes'...

Source: Financialpost December 10, 2024

Economists say Trudeau's government will break fiscal target

13 of 15 economists say Freeland will not meet the fiscal pledges she outlined last yearMost economists say they expect Prime Minister Justin Trudeau’s government will break its self-imposed fiscal constraints as deficits in Canada continue to deepen. We...

Source: Financialpost December 10, 2024

Bets are high for another big cut by the Bank of Canada on Wednesday

Markets are pricing in a 50 basis-point cut to the policy rateThe Bank of Canada is set to make its final policy rate decision of the year on Wednesday, with markets now betting the central bank will make another outsized cut of 50 basis points, bringing the...

Source: Financialpost December 10, 2024

Posthaste: Why top economists are changing their Bank of Canada rate cut forecast

Scotiabank and BMO join pack calling for 50-bps interest rate cut We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Why top economists are changing their Bank of Canada...

Source: Financialpost December 09, 2024

Canada's oilpatch has $24 billion shield against Trump tariffs

The federal government's bet on the Trans Mountain pipeline expansion may pay off sooner than expectedThe expansion of Canada’s Trans Mountain pipeline represented a US$24 billion bid to help the country’s oil producers reduce their near-total reliance on th...

Source: Financialpost December 08, 2024

Canadian Western Bank plunges as results delayed with no explanation

Shares of the Alberta-based bank dropped as much as 12%Canadian Western Bank shares sank after the firm delayed its fiscal fourth-quarter earnings release Friday morning and left investors guessing why. We apologize, but this video has failed to load. Try...

Source: Financialpost December 07, 2024

Canadian dollar slumps to near 5-year low as traders bet on big Bank of Canada cut

Surging unemployment rate pushes traders to ramp up bets for a half-point interest-rate cut next weekCanada’s dollar weakened toward its worst closing level in almost five years and bond yields fell as a surging unemployment rate pushed traders to ramp up be...

Source: Financialpost December 07, 2024

Posthaste: Scotiabank economist issues warnings for Canada's tardy federal budget update

Timing of fiscal refresh unknown with some saying it could land post-Christmas as rumours 'swirl' it won't come at allCanada’s fall fiscal calendar has a significant event missing from it. We apologize, but this video has failed to load. Try refreshing yo...

Source: Financialpost December 07, 2024

Canada's unemployment rate rises to 6.8%, raising odds of jumbo interest rate cut

Jobless rate at its highest since January 2017, excluding the pandemicCanada’s unemployment rate rose to 6.8 per cent in November, raising the odds of a 50-basis point cut by the Bank of Canada next week, according to some economists. We apologize, but th...

Source: Financialpost December 07, 2024

50 bps Bank of Canada rate cut 'seems more likely': Economists on the jobs numbers

This is the last major data before the central bank decides on interest rates next weekNovember’s job numbers — the final piece of data the Bank of Canada is waiting on to help inform its interest rate decision next week — showed the economy gained 51,000 po...