Daily News

Source: Financialpost September 19, 2024

Federal Reserve cuts interest rate by 50 basis points, signalling end to inflation fight

Policymakers signal another half-point cut this yearWASHINGTON — The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also m...

Source: Bankofcanada September 18, 2024

Summary of Governing Council deliberations: Fixed announcement date of September 4, 2024

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on September 4, 2024. This summary reflect...

Source: Financialpost September 18, 2024

The ranks of the uber-wealthy are booming: here's how many are in Canada

Canada’s centi-millionaire numbers have soared by 42%, a new report showsThe world’s centi-millionaires — individuals with liquid investable assets of US$100 million or more — have ballooned by 54 per cent over the past decade, a new report shows. We apo...

Source: Financialpost September 18, 2024

The best mortgage rates in Canada right now

Rob McLister: Today's lowest national insured and uninsured mortgage rates, updated dailyCanada’s mortgage market is changing all the time. Bookmark this page to find the top national insured and uninsured mortgage rates, updated daily, based on data from Mo...

Source: Financialpost September 18, 2024

Time for this tax hit on the 'rich' to be put aside for the good of everyone

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 18, 2024

Inflation rate slows to 2%, raising odds of bigger Bank of Canada rate cut

Lowest increase in consumer price index since February 2021Inflation slowed to two per cent in August, hitting the Bank of Canada’s target and adding to the case for more aggressive interest rate cuts. We apologize, but this video has failed to load. Try...

Source: Financialpost September 18, 2024

Opinion: It's official — Trudeau has now literally doubled down on debt

Last month the federal debt hit double what was owed when Justin Trudeau came to power. Young Canadians will be paying as long as they liveBy Franco Terrazzano We apologize, but this video has failed to load. Try refreshing your browser, ortap here to se...

Economy Source: Financialpost September 18, 2024

Canadian yield curve disinverts as Macklem, U.S. Fed eye cuts

Canada two-year notes dropped as low as 2.862% on MondayCanada’s benchmark two-year yield briefly dropped below the 10-year for the first time in more than two years, as traders looked ahead to United States Federal Reserve cuts and Bank of Canada governor T...

Source: Financialpost September 17, 2024

Canadian miner unearths 1,094-carat diamond weeks after finding another mammoth gem

It's roughly a third the size of the biggest ever foundLucara Diamond Corp. has recovered another mammoth diamond from a mine in Botswana, its second major find in a month. We apologize, but this video has failed to load. Try refreshing your browser, ort...

Source: Financialpost September 17, 2024

Posthaste: Canada and the world brace for the Fed — and the suspense has rarely been higher

Odds of a smaller or bigger cut still close to a coin toss We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canada and the world brace for the Fed — and the suspense...