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Source: Financialpost January 18, 2025

TD speeds up CEO succession, makes sweeping changes to board

Canada's second largest bank cuts pay for 41 executives in wake of money-laundering scandal Get the latest from Naimul Karim straight to your inbox Sign Up Toronto-Dominion Bank is speeding up the appointment of its new chief executive and has made sw...

Source: Financialpost January 18, 2025

Posthaste: So long 'new normal.' The 'old normal' is back and that means higher interest rates

Period following the great financial crisis an 'aberration,' says analyst We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: So long 'new normal.' The 'old normal' is ba...

Source: Financialpost January 18, 2025

BMO, National Bank, TD follow U.S. banks to quit global climate alliance 

Announcement comes days before Donald Trump officially becomes the next U.S. president Get the latest from Naimul Karim straight to your inbox Sign Up Three of Canada’s biggest banks have quit a global climate alliance that aims to support the energy...

Source: Financialpost January 18, 2025

TikTok ban upheld by U.S. Supreme Court — here's what it means for Canada

Short video platform has until Sunday to shutter its U.S. operations or find a buyerThe United States Supreme Court upheld a law banning TikTok on Friday, meaning the short video platform has until Sunday to shutter its U.S. operations or find a buyer. The l...

Source: Financialpost January 18, 2025

Burning Teslas add to toxic pollution delaying L.A. return

The L.A. wildfires have taken at least 27 lives and destroyed thousands of homesAs the smoke clears from devastating Los Angeles wildfires, efforts to clean up the affected areas are being complicated by burnt-out electric and hybrid vehicles and home-batter...

Source: Financialpost January 18, 2025

Retaliation against U.S. tariffs could force Bank of Canada to hike interest rates, economist says

Scotiabank economist Derek Holt places the odds of tariffs and retaliation at 60/40Retaliation against United States tariffs could hold the key to Bank of Canada‘s moves on interest rates, says a prominent economist. We apologize, but this video has faile...

Source: Financialpost January 17, 2025

‘Not theirs for the taking’: Can the Canadian pension model survive a new era of politicization?

Maple 8 envied internationally for diverse portfolios, world-class returns and arms-length government relationships, but third leg at risk Get the latest from Barbara Shecter straight to your inbox Sign Up Rachel Reeves, the U.K.’s new chancellor of t...

Source: Financialpost January 17, 2025

Could Canada's oilpatch trust another Liberal? Here's how the PM contenders stack up

Trudeau was considered an enemy of the energy industry. Would any of the possible candidates mend fences? Get the latest from Meghan Potkins straight to your inbox Sign Up Prime Minister Justin Trudeau‘s decision to step down in March will mark the en...

Source: Financialpost January 17, 2025

Who is Mark Carney, the man who could be Liberal king?

Carney announces he will run to succeed Justin Trudeau Get the latest from Naimul Karim straight to your inbox Sign Up Last month, former Bank of Canada governor Mark Carney appeared poised to become the country’s next finance minister. Now, he has an...

Source: Financialpost January 17, 2025

Bank of Canada expects to end quantitative tightening in first half of 2025

Likely to be first major central bank in world to unwind its pandemic asset purchasesThe Bank of Canada expects to end quantitative tightening during the first half of this year and will return to more normal levels of asset purchasing. We apologize, but...