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Source: Financialpost December 19, 2024

Pushing companies 'over the edge': Oil and gas insolvencies surge to three-year high

Tighter rules around well cleanups make it tough for junior oil and gas producers to weather swings in energy prices Get the latest from Meghan Potkins straight to your inbox Sign Up A protracted downturn in natural gas prices has battered the balance...

Source: Financialpost December 19, 2024

William Watson: If this is how America treats its friends …

Our goods-trade surplus with the U.S. is not them subsidizing us. If anything, it's the reverse: they send us paper and promises for goodsRegarding our current predicament with our neighbours on the continent, I realize it risks a rebuke from Elon Musk to sa...

Source: Financialpost December 19, 2024

Canada tightens immigration point system to curb fraud tied to job selling

The move appears to be another step by the federal government to reduce the number of newcomers entering the country Get the latest from Naimul Karim straight to your inbox Sign Up Temporary foreign workers who apply to become permanent residents thro...

News Source: Financialpost December 19, 2024

Unpacking the Liberal's $24-billion spending package

Rebekah Young: The big surprise was that there were no big surprisesRebekah Young, vice president and head of inclusion and resilience economics at the Bank of Nova Scotia, talks with Financial Post’s Larysa Harapyn about what’s in the federal government’s F...

Source: Financialpost December 18, 2024

Canadian dollar falls below 70 cents U.S. on political risk from Freeland resignation

Fallout from former finance minister's departure hits currencyThe Canadian dollar dipped below 70 cents U.S. on Tuesday for the first time since early 2020 as the fallout from Chrystia Freeland’s resignation as deputy prime minister and finance minister hit...

Source: Financialpost December 18, 2024

Expect Bank of Canada rate cut 'pause': Economists on the new inflation numbers

But central bank's guidance for more gradual pace of reductions in 2025 'remains intact'The rate of inflation slowed to 1.9 per cent in November, once again slipping under the Bank of Canada target of two per cent. We apologize, but this video has failed...

News Source: Financialpost December 18, 2024

Trudeau teeters after Freeland's scathing resignation

Freeland had been finance minister since 2020Prime Minister Justin Trudeau’s administration was thrown into crisis when his trusted deputy, Finance Minister Chrystia Freeland, published a withering resignation letter on Monday that left him weakened at the w...

FP Comment Source: Financialpost December 18, 2024

Opinion: Falling loonie could stifle productivity growth in Canada

Canadian firms buy much of their machinery in other countries. A weak loonie raises its price, hitting investment and output per worker.The Bank of Canada’s decision last week to lower its policy interest rate by 50 basis points pushes it more than a full pe...

Economy Source: Financialpost December 18, 2024

Canada's inflation rate cools more than expected

Rate has remained at or below the Bank of Canada's target since AugustCanada’s inflation rate slowed to 1.9 per cent in November, slightly below forecast and down from two per cent in October, a deceleration that economists said should give the Bank of Canad...

Source: Financialpost December 17, 2024

Finance Minister Chrystia Freeland resigns from cabinet

Prime Minister Justin Trudeau and deputy 'at odds about the best path forward for Canada'Ottawa was gripped by political drama on Monday after Finance Minister Chrystia Freeland stunningly resigned from cabinet, hours before she was scheduled to table the Tr...