Daily News

Source: Bankofcanada October 29, 2024

Opening Statement before the House of Commons Standing Committee on Finance

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 29, 2024

Amidst broken stations, EV drivers ask, 'Why is it so hard to maintain an electrical plug?'

The answer isn't simple, but here are five reasons why EV drivers are frustrated Get the latest from Gabriel Friedman straight to your inbox Sign Up On paper, Canada officially boasts more than 32,000 public charging ports for electric vehicles, but o...

Source: Financialpost October 29, 2024

Macklem says Bank of Canada will have to 'discover' neutral rate

Policymakers estimate the range to be between 2.25 and 3.25%Governor Tiff Macklem offered more insight into the Tiff Macklem’s decision to deliver a jumbo interest-rate cut last week, saying the easing makes sense given how aggressively it hiked borrowing co...

Source: Financialpost October 29, 2024

Scotiabank economist warns Trump win would bring 'ruinous' policies

Estimated show U.S. debt may rise to 116% of the GDP under Trump’s tax-cut planA second presidential term for Donald Trump would likely bring about extreme protectionism, a large negative population shock and a surge of debt issuance to fund “totally undisci...

Source: Financialpost October 29, 2024

Millennials' wealth falls further behind gen X, baby boomers as real estate plunges

Millennial households saw their net worth plunge 6.48% over the past year, says Statistics CanadaMillennials’ wealth has been falling further behind other generations, according to Statistics Canada. We apologize, but this video has failed to load. Try r...

Source: Financialpost October 29, 2024

With rate cuts signalling weaker economy, watch the Canadian dollar

Martin Pelletier: Given the widening gap between our economy and America's, we are not optimistic about our currencyWhile the Bank of Canada’s interest rate cut last week may be seen by some as good news, it points to worrisome underlying problems. We ap...

Source: Financialpost October 28, 2024

FP Answers: I'm turning 65 , so is taking CPP a good option if I plan to keep working?

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by BMO Global Asset Management BMO Global Asset Managem...

Source: Financialpost October 27, 2024

TD: Bank of Canada path uncertain after big interest rate cut

Fong: 50 bps cut throws 'uncertainty' into future decisionsFrancis Fong, managing director at TD Economics, talks with the Financial Post’s Larysa Harapyn about whether the Bank of Canada is behind the curve on interest rate cuts. We apologize, but this...

Source: Financialpost October 26, 2024

Variable mortgage rates are falling, but fixed rates aren’t ready to follow suit

Robert McLister: In order for them to fall much more, markets need to believe inflation will substantially undershoot target and unemployment will spikeBond traders nailed Wednesday’s 50 basis point Bank of Canada rate cut like a Vegas bookie who knows the f...

Source: Financialpost October 26, 2024

Got email from the CRA? Make sure you check it or you could end up paying — big time

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by BMO Global Asset Management BMO Global Asset Managem...