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Source: Financialpost October 12, 2024

Bank of Canada 50-bps-cut not a 'sure thing': Economists on the jobs numbers

Unemployment rate falls, raising doubts about a bigger interest rate cutJobs data for September came in stronger than expected, as the economy created almost double the number of positions forecast by economists, pushing the unemployment rate down to 6.5 per...

Source: Financialpost October 11, 2024

TD pleads guilty to money laundering charges in 'difficult chapter in our bank's history'

Faces a cap on its asset expansion in the U.S. and is being fined about US$3.1 billion Get the latest from Naimul Karim straight to your inbox Sign Up Toronto-Dominion Bank is facing a cap on its asset expansion in the United States and being fined ab...

Source: Financialpost October 11, 2024

Fullscript Acquires Rupa Health

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Source: Financialpost October 11, 2024

Mortgage rates below 4% can still be found in some provinces, but get 'em while they're hot

Robert McLister: Sub-4% rates may not last long with rising yields eroding lender profitsWith the U.S. economy outperforming expectations of late, bond yields have shot up like a Gamestop Corp. short squeeze. That’s boosted some of Canada’s leading fixed rat...

Source: Financialpost October 11, 2024

Foreign companies are exiting the oilsands — and maybe investors too

Selloff of Canadian energy stocks by foreign mutual funds and ETFs has more than tripled this year Get the latest from Meghan Potkins straight to your inbox Sign Up Energy giant Chevron Corp.‘s decision to sell US$6.5-billion worth of oil and gas asse...

Source: Bankofcanada October 10, 2024

Bank of Canada to begin publishing web-based Monetary Policy Report

The Bank of Canada will begin releasing its Monetary Policy Report (MPR) as an interactive, web-based publication on October 23, 2024. The quarterly report from the...

Source: Financialpost October 10, 2024

Royal Bank eyes $2 billion debt deal in two parts as demand stays hot

Raised $4.7 billion in a five-part U.S. dollar deal TuesdayRoyal Bank of Canada is sounding out investors for a possible $2 billion bond deal in two parts, according to people familiar with the matter. We apologize, but this video has failed to load. Try...

Source: Financialpost October 10, 2024

Even 50-bps Bank of Canada rate cut could wash over financially stressed consumers, survey suggests

Seven out of 10 Canadians say they feel their cities are unaffordableCanadians are so financially stressed out that the expected relief from a jumbo-sized rate cut by the Bank of Canada could just wash over them, an ongoing survey of people’s outlook suggest...

Source: Financialpost October 09, 2024

Trump tariff proposal could cost Canadians $1,100 per year, report warns

10% tariff on U.S. imports would have significant impact on productivity, prices and incomes in both countriesAn election policy proposal from Donald Trump that would apply a 10-per-cent tariff on all U.S. imports could have wide-ranging economic consequence...

Source: Financialpost October 09, 2024

7 of the silliest and politically motivated tax policies recently introduced in Canada

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...