Daily News

FP Comment Source: Financialpost December 14, 2024

Jack Mintz: Chrystia Freeland may be wishing she was Irish

Despite its low corporate tax rates, Ireland is rolling in business revenues and debating how much of its big government surplus to saveWhen Finance Minister Chrystia Freeland delivers her fall economic statement on Monday she’ll need to spin a good story. I...

News Source: Financialpost December 14, 2024

Canadian officials eyed 'new opportunities' no matter who won U.S. election, memos show

Officials sought to expand avenues of co-operation on what promised to be a turning point for its closest allyOTTAWA — As the U.S. presidential election loomed, Canadian officials envisioned new opportunities for co-operation with their southern neighbour on...

Source: Financialpost December 13, 2024

Gap between variable and fixed rate mortgages shrinks to 2022 level

Robert McLister: Variable rates within 36 basis points or less of lowest nationally-advertised fixed offersFloating-rate borrowers got their Christmas bonus from the Bank of Canada on Wednesday: a half-point drop in their borrowing costs. We apologize, bu...

Source: Financialpost December 13, 2024

Joe Oliver: Justin Trudeau should resign or call an early election

If the prime minister were the experienced diplomatic hand he implies he is, fewer world leaders would be so openly contemptuous of himFor someone used to getting his own way for most of his life, public hostility, repeated failure and relentless bad news mu...

Source: Financialpost December 13, 2024

Ex-Bank of Canada official sees key rate hitting 2.75 per cent soon

The central bank moved to slash rates by 50 basis points twice in a row without a recession or crisis that would warrant a rush to stimulate the economyFormer Bank of Canada deputy governor Paul Beaudry expects policymakers to cut their key interest rate unt...

Source: Financialpost December 13, 2024

The CRA wants to know if you profited from reselling those Taylor Swift tickets

Jamie Golombek: Special tax rules exist to cover just such a situationReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Taylor Swift wr...

Economy Source: Financialpost December 13, 2024

Posthaste: What the Bank of Canada's second jumbo rate cut means for the Canadian dollar

How the loonie reacted to another 50 basis point cut might surprise you We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: What the Bank of Canada's second jumbo rate c...

Wealth Source: Financialpost December 13, 2024

Canadian household wealth increases for the seventh time, hitting $17.3 trillion, as financial assets reach another record high

Average net worth held at just over $1 million per household in third quarter, Statistics Canada said. But wealth gap is growingCanadians’ collective household wealth climbed to $17.3 trillion in the third quarter, marking the seventh increase in the last ei...

Economy Source: Financialpost December 13, 2024

FP Outlook 2025: 'Storm clouds' loom ahead for the loonie

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...

Source: Financialpost December 12, 2024

Bank of Canada cuts its policy rate by another half point

Brings key policy rate to 3.25% The Bank of Canada cut its policy rate by 50 basis points to 3.25 per cent on Wednesday, a move widely expected by economists and markets. The Dec. 11 decision marks the fifth consecutive cut by the central bank this year and...