Daily News

Source: Financialpost November 01, 2024

Ford to halt F-150 Lightning production at Michigan plant

While Lightning sales are up this year, they are far short of Ford’s ambitious expectationsFord Motor Co. plans to shut down the Michigan factory that produces its F-150 Lightning plug-in pickup truck, its signature electric vehicle, through the end of the y...

Economy Source: Financialpost November 01, 2024

Stalling economy set to miss Bank of Canada forecast

GDP on track for 1% growth in third quarterGrowth in the Canadian economy remained unchanged in August, putting gross domestic product on track to grow at an annualized rate of just one per cent in the third quarter, Statistics Canada said on Thursday, pavin...

Source: Financialpost October 31, 2024

Canadian dollar could fall below 70 cents if Trump wins

Karl Schamotta of Corpay talks about the impact on the loonie from the U.S. election and Bank of Canada interest rate cutsKarl Schamotta, chief market strategist at Corpay Inc., talks with Financial Post’s Larysa Harapyn about the impact on the Canadian doll...

Source: Financialpost October 31, 2024

Opinion: Instead of enriching OAS, consider folding it into CPP/QPP

We could keep and increase the GIS for poor seniors, but why have two programs for everyone else?By Pierre-Carl Michaud We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Opinion...

Source: Bankofcanada October 30, 2024

Opening Statement before the Senate Standing Committee on Banking, Commerce and the Economy

Good afternoon. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Mon...

Source: Financialpost October 30, 2024

Opinion: Don't count capital gains tax revenues before they hatch

Tax changes alter behaviour, so revenue from them is hard to forecastBy Alex Laurin and Nick Dahir We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Opinion: Don't count capital...

Source: Financialpost October 30, 2024

Wealthsimple CEO calls Canada's productivity lag a 'crisis'

Will take a major entrepreneurial push to fix, says Michael KatchenThe head of Wealthsimple Inc. called Canada’s productivity problem an “absolute crisis” that will take a major entrepreneurial push to fix. We apologize, but this video has failed to load...

Source: Financialpost October 30, 2024

Donald Trump win could be a boon for these Canadian banks

Bank of Montreal likely to benefit most from Republican's proposed tax cuts and focus on reshoring, say analysts Get the latest from Naimul Karim straight to your inbox Sign Up A second term for Donald Trump as president of the United States could pot...

Source: Financialpost October 30, 2024

What the Bank of Canada's jumbo rate cut says about the economy — and what will happen next

Central bank officials last week trimmed the policy rate by 50 basis points instead of the standard 25 bpsIt’s not often that the Bank of Canada decides to make a “jumbo” rate cut, but that’s exactly what it did last week when it cut its policy rate by 50 ba...

Source: Financialpost October 30, 2024

Posthaste: Canadian dollar at risk of falling to lows only seen during economic shocks

Forces are once again lining up against the loonie, warn economists We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canadian dollar at risk of falling to lows only s...