Daily News

Source: Financialpost May 22, 2024

Waiting for warmth: Housing sales slump as spring blooms

Buyers now find themselves in a favourable positionBy Murtaza Haider and Stephen Moranis We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Waiting for warmth: Housing sales s...

Source: Financialpost May 22, 2024

Red Lobster chain goes bankrupt after unlimited shrimp deal

The restaurant chain had been deteriorating for several years, with diners down 30% since 2019Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labour costs and a disastrous unlimited shrimp promotion. We ap...

Source: Financialpost May 22, 2024

Canada's inflation rate falls for fourth straight month

Slowdown led by food prices, services and durable goodsCanada’s annual rate of core inflation eased for a fourth straight month, bolstering a case for policymakers to begin an easing cycle in the coming months, but a slight increase in the monthly pace may k...

Source: Financialpost May 22, 2024

Inflation data 'all clear' for Bank of Canada interest rate cut in June, economists say

'April’s data sent a loud and clear message that disinflation is here to stay'With inflation cooling to a three-year low in April, some economists are now all but guaranteeing that the first interest rate cut of the Bank of Canada‘s tightening cycle will com...

Source: Bankofcanada May 21, 2024

Bank of Canada Museum announces 2024 recipients of its Award for Excellence in Teaching Economics

The Bank of Canada Museum is honouring two outstanding educators for their exceptional work teaching students about the economy. Philippe Bélanger-Leroux from École...

Source: Financialpost May 20, 2024

William Watson: How about enforcing 'Get your tent off my property'?

Property owners shouldn't have to prove each and every use of their property creates social benefits greater than social costsAmong the innumerable new human rights being claimed almost daily, one is conspicuously missing: the right not to be bothered by idi...

Source: Financialpost May 20, 2024

Loblaw boycott hits the halfway mark: Here are 5 things to know

Canadian grocery giant's investors appear largely unfazed as stock hits new highAs a month-long boycott of Loblaw Cos. Ltd. enters its third week, the Canadian grocery giant’s investors appear largely unfazed. Though the movement continues to see a rise in s...

Source: Financialpost May 19, 2024

Canada's home sales and prices fall as sellers return to market

Average price of a home sold last month amounted to $703,446, down 1.8% from April 2023The Canadian Real Estate Association says the number of homes changing hands in April fell from the previous month despite an influx of new listings hitting the market....

Source: Financialpost May 19, 2024

Mortgage lenders offering 'extreme discounts' behind the scene: Robert McLister

WatchRobert McLister, mortgage specialist at MortgageLogic.news, talks with Financial Post’s Larysa Harapyn about how mortgage lenders are offering ‘extreme discounts’ behind the scenes. McLister advises homebuyers to contact a mortgage specialist or mortgag...

Source: BNN Bloomberg May 18, 2024

Markets today: Stocks churn as traders waver on U.S. rates outlook

Stocks hovered below this week’s record levels as dialed-down bets for U.S. Federal Reserve policy easing prompted a pull-back from riskier assets. U.S. futures contracts were little changed after Wall Street slipped back from all-time highs in the previou...