Daily News

Economy Source: Financialpost October 17, 2024

Bank of Canada needs to 'flip the script' as weak economic data builds up

Manufacturing sales fell 1.3 per cent in August to their lowest level since January 2022Weak manufacturing sales are adding to the evidence that Canada’s third-quarter gross domestic product will come in well under the central bank’s expectations, likely amp...

Source: Financialpost October 16, 2024

Opinion: The bill is coming for net zero — and it’s big, both politically and economically

Net zero talk is all about climate dividends and green opportunity. It's time to get real about what doubling the electricity supply will costBy Shannon Joseph We apologize, but this video has failed to load. Try refreshing your browser, ortap here to se...

Source: Financialpost October 16, 2024

Loonie set for worst run since 2017 on Bank of Canada rate-cut bets

Canadian dollar fell as much as 0.3% against the greenbackThe loonie is set for its worst run of losses in more than seven years after a soft report on Canadian consumer prices amped up bets that the Bank of Canada will ease borrowing costs by a quicker pace...

Source: Financialpost October 16, 2024

Two 50 bps rate cuts coming this year: What economists say about the latest inflation numbers

Economists say the Bank of Canada will 'welcome' Tuesday's CPI dataInflation in September fell to 1.6 per cent, the slowest year-over-year increase in more than three years and well below the Bank of Canada‘s target of two per cent. We apologize, but thi...

Source: Financialpost October 16, 2024

Opinion: Canadians should understand the costs of expanding Old Age Security

Polls show Canadians strongly support raising benefits to seniors. Of course, polls don't tell them what it will cost them and their kidsBy Jake Fuss and Grady Munro We apologize, but this video has failed to load. Try refreshing your browser, ortap here...

Source: Financialpost October 16, 2024

Another tax on properties isn't the answer to Canada's housing woes

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 October 16, 2024

5 of 6 big Canadian banks see jumbo rate cut after surprisingly soft inflation

TD Bank is now the only major lender to see the odds of either a 25 or 50 basis-point cut next week as a coin flipAll but one of Canada’s six biggest lenders now expect the central bank to cut borrowing costs by half a percentage point after inflation cooled...

Economy Source: Financialpost October 16, 2024

Inflation for September eases to 1.6%, below the Bank of Canada's target rate

Drivers pay lower prices for gasoline than they did last yearCanada’s inflation rate fell to 1.6 per cent in September, dropping well below the Bank of Canada’s two per cent target and increasing bets that the central bank will accelerate cuts to its policy...

Source: Financialpost October 15, 2024

'A new weather reality': Rising cost of insurance hits pocketbooks

This summer proved to be the costliest season for natural disasters in Canadian history Get the latest from Gabriel Friedman straight to your inbox Sign Up This summer proved to be the costliest season for natural disasters in Canadian history, with m...

Source: Financialpost October 15, 2024

Canada-India Feud Erupts After Police Accuse Modi Diplomats

Canada and India expelled each others’ most senior envoys, dramatically widening their rift as Canadian police leveled sweeping allegations that Indian diplomats and agents are implicated in “escalating” homicides and extortion.(Bloomberg) — Sign up for the ...