Daily News

Source: Financialpost December 07, 2024

Where the heck is my wedding dress? And other burning questions about the Canada Post strike

With the holidays fast approaching, the number of parcels that remain unprocessed continues to growWhile Canada Post and the Canadian Union of Postal Workers try to find their way back to the negotiating table, the impact of their standoff continues to rippl...

Source: Financialpost December 06, 2024

Retailers facing 'dire times' during this holiday season

Watch Retail Council of Canada CEO Diane Brisebois on the impact of the Canada Post strike, GST holiday and moreDiane Brisebois, chief executive of the Retail Council of Canada, talks about the challenges retailers face in a ‘perfect storm’ this holiday seas...

Source: Financialpost December 06, 2024

'Everything is on the table:' TD Bank suspends financial targets as it reviews strategies in wake of U.S. sanctions

Bank reported a fourth-quarter profit, but didn't meet analyst expectations Get the latest from Naimul Karim straight to your inbox Sign Up Toronto-Dominion Bank has suspended its medium-term financial targets as it looks to undergo a “broad and detai...

Source: Financialpost December 06, 2024

Oil Patch in Canada Has $24 Billion Shield Against Trump Tariffs

The expansion of Canada’s Trans Mountain pipeline represented a $24 billion bid to help the country’s oil producers reduce their near-total reliance on the US market. That’s a bet that may pay off sooner than expected if President-elect Donald Trump follows...

Source: Financialpost December 06, 2024

Size of next Bank of Canada rate cut a 'close call': Desjardins

Jimmy Jean: Bank of Canada wants to cut, but needs to be careful on inflationJimmy Jean, vice-president and chief economist at Desjardins Group, talks with the Financial Post’s Larysa Harapyn about Canada’s “mixed bag” economy and whether the Bank of Canada...

Source: Financialpost December 05, 2024

CUPW sends new proposals to mediator as Canada Post strike nears three weeks

Union says it's ready to get back to federal mediationOTTAWA — The Canadian Union of Postal Workers says it’s sent another round of counter-proposals to the federal mediator appointed to help it reach a deal with Canada Post as a countrywide strike nears the...

Source: Financialpost December 05, 2024

Alberta chases $100 billion AI data centre opportunity

Government planning to introduce legislation to encourage tech companies to build data centres in the provinceThe province of Alberta, home to the world’s third-largest crude reserves, is making a push to become a hub for artificial intelligence data centres...

Source: Financialpost December 05, 2024

Canadian miners use China's rare metals ban to push back on Trump tariffs

'Stark reminder of the challenges posed by geopolitical tensions,' says groupChina’s move to ban exports of rare metals to the United States underscores the need for trade co-operation between mineral-rich Canada and its southern neighbour. We apologize,...

Source: Financialpost December 05, 2024

When Trump threatens, Canada and Mexico go their own way

Litmus test was president-elect's tariff throwdownA week before Donald Trump fired off yet another tariff threat on his neighbours, Justin Trudeau and Claudia Sheinbaum had a chance to confer in person about how to tackle that very scenario. Would they join...

Source: Financialpost December 05, 2024

'We're in a recession,' says former Bank of Canada governor Stephen Poloz

Canadian consumer has suffered a 30% increase in the cost of livingFormer Bank of Canada governor Stephen Poloz says Canada is in a recession, arguing the economy’s weakness has been masked by strong population growth. We apologize, but this video has fai...