Daily News

Source: Financialpost March 27, 2024

BlackRock's Larry Fink calls on baby boomer generation to fix 'retirement crisis'

Says boomers must help younger generations save for their futuresBlackRock Inc. chief executive Larry Fink warned of a looming “retirement crisis” and called on baby boomers to help younger generations save enough for their own futures. We apologize,...

Source: Financialpost March 27, 2024

Posthaste: Cash-strapped Canadians are taking on side hustles — but many aren't telling the CRA

9 million Canadians in the gig economy, but almost 30% not declaring all their income We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Cash-strapped Canadians are...

Economy Source: Financialpost March 27, 2024

Caps on newcomers may 'unfairly' hurt businesses, damage economy, group warns

But some economists say move a step towards tackling productivity, housing troubles Get the latest from Naimul Karim straight to your inbox Sign Up Ottawa’s plan to put a cap on the number of temporary foreign residents could “unfairly penalize” indus...

Economy Source: Financialpost March 27, 2024

Bank of Canada says the country faces a productivity 'emergency'

Canada has fallen behind most of its G7 peers, warns senior deputy governor Get the latest from Barbara Shecter straight to your inbox Sign Up Canada must tackle weak productivity to inoculate the economy against factors that will drive future inflati...

Source: BNN Bloomberg March 26, 2024

Markets today: 'priced for perfection' U.S. stocks see rally stall

Stock traders decided to take some chips off the table at the start of a week that will bring the Federal Reserve’s preferred inflation measure — on a day when markets will be closed. Equities pulled back after a rally that drove the S&P 500 to multiple re...

Source: Bankofcanada March 26, 2024

The productivity problem

Senior Deputy Governor Carolyn Rogers talks about some of the reasons for Canada’s poor productivity track record, and what we can do to turn the tide....

Source: Financialpost March 26, 2024

Enough evidence for Bank of Canada to cut interest rates in April — but it probably won't, says Desjardins

Canada's economy no longer needs 5% interest rates, says chief economistJimmy Jean, chief economist at Desjardins, talks with Financial Post’s Larysa Harapyn about what the latest inflation reading coming in cooler than expected means for the Bank of Canada...

Source: Financialpost March 26, 2024

OSFI has a new mortgage test: What it means for banks and borrowers

The new portfolio test to limit highly indebted borrowers will apply to bank portfolios, not individual homebuyers Get the latest from Barbara Shecter straight to your inbox Sign Up Canada’s banking regulator is taking fresh steps to ensure lenders do...

Source: Financialpost March 26, 2024

Posthaste: Why Canada may need deeper interest rate cuts than other major economies

Canadians second only to Australians in the share of their income spent servicing debt We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Why Canada may need deeper...

Source: Financialpost March 26, 2024

Home sellers forced to confront new market realities this spring

Sellers must navigate price cuts, lukewarm buyers and mortgage-approval challengesHome sellers are awakening to a new, sobering reality as the spring real estate market blossoms into action: the era of frenzied bidding wars and soaring profits in urban centr...