Daily News

Source: Financialpost December 17, 2024

Canada's housing minister Sean Fraser resigns from Trudeau's cabinet

Fraser will announce the move today, says a government sourceCanadian Housing Minister Sean Fraser is resigning from cabinet and doesn’t plan to run in the next election, a move that comes as Justin Trudeau’s Liberal Party languishes in the polls with an ele...

Source: Financialpost December 17, 2024

Terence Corcoran: Chrystia Freeland's fiscal legacy is only half the story

She also believed in anti-market industrial policy, a view shared by her likely successor, Mark CarneyIn the lead-up to the stunning resignation of Chrystia Freeland as Canada’s minister of finance, the story provided by the mysterious sources not authorized...

Source: Financialpost December 17, 2024

How 'the mother of all bubbles' will pop in the U.S. stock market

It's time for investors to bet against American exceptionalism. Read more on thisHaving tagged America’s inordinately large share of global financial markets as “the mother of all bubbles” in my last column, the main pushback I got, even from the few people...

News Source: Financialpost December 17, 2024

Federal government blew through fiscal guardrail to post $61.9-billion deficit, economic update shows

The Liberal government is also projected to go beyond the $40.1-billion guardrail for the next two fiscal years The federal government broke its key fiscal guardrail and posted a deficit of $61.9 billion for the 2023-2024 fiscal year, according to the fall...

Source: Financialpost December 15, 2024

Opinion: CRA loss in former Blue Jays’ tax case a win for Canadian sport fans

Ruling will help avoid discouraging athletes from wanting to play in CanadaReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. The names...

Source: Financialpost December 14, 2024

Freeland removes 30% investment cap for Canadian pension funds

Details coming in Monday's fall economic statement Get the latest from Barbara Shecter straight to your inbox Sign Up Canadian pension funds will no longer be restricted to a cap of 30 per cent control of companies they invest in and the federal gover...

Source: Financialpost December 14, 2024

'Too little, too late:' Small businesses frustrated as Ottawa moves to end Canada Post strike

The news that Ottawa is ordering Canada Post employees back to work offers little consolation for Canada's small businessesReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purch...

Source: Financialpost December 14, 2024

Canada Orders Postal Workers Back to Job After Strike

The Canadian government asked an independent labor board to order 55,000 Canada Post Corp. workers back to the job, a move that’s expected to end a strike that disrupted mail service for nearly a month during the busy holiday season.(Bloomberg) — The Canadia...

Source: Financialpost December 14, 2024

Ottawa orders end to 29-day Canada Post strike

Mail could start moving as early as next weekOTTAWA — Mail could begin moving again in Canada as early as next week after the federal government moved Friday to end the nearly month-long work stoppage at Canada Post. We apologize, but this video has faile...

Economy Source: Financialpost December 14, 2024

FP Outlook 2025: 'Storm clouds' loom over the Canadian dollar

Schamotta: Currency traders are bracing themselvesCurrency expert Karl Schamotta talks with Financial Post’s Larysa Harapyn about the loonie — already down significantly this year against the greenback — as the Canadian and U.S. economies and central banks p...