Daily News

Source: Financialpost June 06, 2023

Pipeline price war brews in Canada as Enbridge cuts rates to ship oil

Seeks to get head start before rival Trans Mountain expansion starts up next year A pipeline price war is brewing in Canada, with Enbridge Inc. slashing the rates it charges producers to ship crude on its Mainline system before a rival line sta...

Source: Financialpost June 06, 2023

Why the shadow banking sector is keeping Canada's financial regulators up at night

OSFI concerned banks have hidden exposure to unregulated private lending sector Get the latest from Barbara Shecter straight to your inbox Sign Up Canada’s top banking regulator has sat down with senior managers at the country’s large...

Source: Financialpost June 06, 2023

Most Canadians waiting for mortgage rates to drop to re-enter housing market: poll

Housing affordability near the worst it has been in more than 30 years The housing market may be heating up again, but most Canadians are still waiting on the sidelines for mortgage rates to drop, with some giving up on the idea of buying a hom...

Source: Financialpost June 06, 2023

Posthaste: Canadians should brace for another interest rate hike — whether it's this week or next month

One economist sees the Bank of Canada raising rates this week and in July We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canadians...

Source: Financialpost June 06, 2023

Trudeau is betting $12 billion on a plan to clean up the oilsands that critics say is 'deeply and fundamentally flawed'

Canada’s oilsands industry says carbon capture can help it cut planet-warming emissions. But can taxpayer cash be better spent? Canada is staking billions of dollars of public money on an oil industry plan to transform one of the world’s dirtie...

Economy Source: Financialpost June 05, 2023

Four pillars to build Canada's prosperity

An excerpt from Everybody’s Business: How to ensure Canadian prosperity through the twenty-first century The following is an excerpt from Everybody’s Business: How to Ensure Canadian Prosperity Through the Twenty-First Century, written by Dany...

Source: Financialpost June 04, 2023

Bank of Canada still has time to pause interest rates: Dawn Desjardins

Watch: Dawn Desjardins of Deloitte Canada talks about what the recent GDP numbers mean for Canada's economy Dawn Desjardins, chief economist at Deloitte Canada, talks with Financial Post’s Larysa Harapyn about what the recent gross domestic pro...

Source: Financialpost June 04, 2023

Canada's GDP blowout and the end of the U.S. debt ceiling crisis. Here are the week's top 7 stories

Watch: Financial Post reporter Stephanie Hughes counts down the stories that made headlines this week Get the latest from Stephanie Hughes straight to your inbox Sign Up Stephanie Hughes, finance reporter for the Financial Post, walks...

Source: BNN Bloomberg June 03, 2023

Experts forecast TSX performance for second half of 2023

While Canada’s economy battles with stubborn inflation and heightened interest rates, portfolio managers are placing their bets on how this environment might impact the S&P/TSX Composite Index in the second half of this year. Experts who spoke with BNNBloo...

Source: BNN Bloomberg June 03, 2023

U.S. stock melt-up drives S&P 500 to brink of bull run

The relentless rally in big tech, options positioning and bets on a Federal Reserve pause following a mixed jobs report put stocks on the verge of a bull market. An advance of about 1.5 per cent for the S&P 500 extended the benchmark’s surge from its Octob...