Daily News

Source: Financialpost July 13, 2024

'Something's wrong with this market' — private firms look to leave province as 'auto insurance crisis' roils Alberta

Chris Varcoe: As bills for motorists have risen in recent years, Alberta’s auto insurance system has been under an intense spotlightTwo private-sector auto insurers have served notice over the past month they’re leaving the province. We apologize, but th...

Source: Financialpost July 13, 2024

Jack Mintz: Federal employment bloat costing taxpayers at least $10 billion annually

Canada's population is up 12.5 per cent since 2014. The non-military federal civil service is up 39.9 per cent. What's going on?Buried among the many tables in Statistics Canada’s June employment report are data on public sector employment: federal, provinci...

Source: Financialpost July 13, 2024

Posthaste: Canada's housing obsession feeding into productivity slump, report says

More investment dollars going to real estate than to sectors that give economy bigger boost We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canada's housing obsessio...

Source: Financialpost July 13, 2024

Howard Levitt: Canadian workplaces are full of Joe Bidens

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 Canadian workplaces are full of J...

Source: Financialpost July 12, 2024

Weaker inflation — even in the U.S. — what the Bank of Canada is hoping for

Canadian government bond yields, which steer fixed mortgage rates, fallThe consumer price index (CPI) looked promising in the United States today as inflation chilled to three per cent, just a hair above a three-year low. Canadian government bond yields — wh...

Source: Financialpost July 12, 2024

RBC shakes up leadership and splits P&C banking unit into two

One of the biggest reorganizations in CEO Dave McKay’s tenureRoyal Bank of Canada is shuffling its leadership ranks and breaking its largest division into two, in one of the biggest reorganizations of Dave McKay’s decade-long tenure as chief executive. W...

Source: Financialpost July 12, 2024

Posthaste: Canada's jobless rate seen topping 7% unless Bank of Canada cuts soon

We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canada's jobless rate seen topping 7% unless Bank of Canada cuts soon Back to video We apologize, but this vi...

Source: Financialpost July 12, 2024

Wave of Hudson's Bay temporary store closures hints at signs of stress: retail experts

Parent company focused on U.S. deal for Neiman Marcus Get the latest from Naimul Karim straight to your inbox Sign Up Hudson’s Bay Co. made headlines last week after announcing it hoped to create a powerhouse in the world of luxury goods with the acqu...

Source: Financialpost July 11, 2024

Jobless summer: Why youth unemployment is at a decade high

Youth unemployment jumped to 13.5% in June, a level not seen since September of 2014, excluding the pandemicYouth unemployment jumped last month to 13.5 per cent, a level of joblessness among Canadians aged 15 to 24 not seen since September of 2014, excludin...

Source: Financialpost July 11, 2024

Posthaste: How far out of reach is retirement for most Canadians?

75% of Canadians believe the high cost of living has hurt their retirement savings We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: How far out of reach is retirement...