Daily News

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...

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...