Daily News

Source: Financialpost September 21, 2024

Mortgage and real estate industry hit the jackpot this week with trio of announcements

Robert McLister: Trifecta of bullishness could awaken Canada’s real estate marketThey say good news comes in threes. I don’t know if that’s true or if it’s from the same school of science as astrology, but it happened this week with mortgages. We apologi...

Economy Source: Financialpost September 21, 2024

Canadian retail sales telegraph more upbeat signal about economy

On pace for a third-quarter reboundCanadian retail sales likely rose sharply in August after a solid July gain, indicating a strong rebound after two consecutive quarters of shrinking sales. We apologize, but this video has failed to load. Try refreshing...

Source: Bankofcanada September 20, 2024

Artificial intelligence, the economy and central banking

Introduction Around the world, digitalization is pulling economies in new directions. Artificial intelligence (AI)—and particularly its offspring, gene...

Source: Financialpost September 20, 2024

Taxpayers are still fighting the CRA over pandemic benefits — and losing

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 BMO Global Asset Management BMO Global Asset Managem...

Source: Financialpost September 20, 2024

TD CEO Bharat Masrani to retire, bank names successor

Canadian personal banking head Raymond Chun will take over the helm Get the latest from Naimul Karim straight to your inbox Sign Up Bharat Masrani will retire as the chief executive of the Toronto-Dominion Bank in April next year after spending more t...

Source: Financialpost September 20, 2024

B.C. and First Nations reach deal to sell 2,600 condos at 60% of market value

The agreement would sell one-, two- and three-bedroom units in a 99-year-leaseVANCOUVER — An agreement between First Nations and the British Columbia government will see thousands of homes made available in Vancouver at 40-per-cent below cost. We apologi...

Source: Financialpost September 20, 2024

Trans Mountain pipeline has the tanks at Cushing, Oklahoma running dry

Inventories at this key crude hub at the lowest in a decade for this time of yearOil-storage tanks at a key United States crude hub have drained to near their bottoms as a massive new pipeline in Canada diverts flows elsewhere, muddying market signals that t...

Source: Bankofcanada September 19, 2024

Getting to a monetary policy decision

External Deputy Governor Nicolas Vincent gives a behind-the-scenes look at how the Bank of Canada’s Governing Council arrives at its monetary policy decisions....

Source: Financialpost September 19, 2024

Faster cuts and slower cuts both on table for Bank of Canada, deliberations show

The governing council fretted that the economy and employment might not pick up as anticipatedThe Bank of Canada is carefully weighing both upside and downside risks to the economy as it attempts to calibrate the pace of interest rate cuts, according to a su...

Source: Financialpost September 19, 2024

Bank of Canada to cut deeper and faster, predicts Desjardins' Jimmy Jean

Watch chief economist on what this week's inflation data means to interest ratesJimmy Jean, chief economist at Desjardins Group, talks with Financial Post’s Larysa Harapyn about how this week’s inflation data and what it means to the Bank of Canada interest...