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Source: Financialpost February 22, 2024

Posthaste: There's one big factor keeping the Bank of Canada from cutting rates

High shelter inflation keeping central bank from meeting 2% inflation target, TD says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: There's one big factor keepi...

Source: BNN Bloomberg February 21, 2024

Markets today: Stocks fall before Nvidia’s make-or-break moment

Big tech dragged the stock market away from its all-time highs, with Wall Street awaiting Nvidia Corp.’s earnings on Wednesday for confirmation the chipmaker can meet the lofty expectations set by the artificial-intelligence boom. While the ongoing earning...

Source: Financialpost February 21, 2024

Ottawa's EV subsidies show tax-free fairy tales do come true for some

Kim Moody: Lack of transparency, tax-free handouts and dollar amount taxpayers on the hook for shocking and staggeringReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases...

Source: Financialpost February 21, 2024

'A big positive shift': What economists say about Canada's inflation numbers

Cooling inflation may prompt the Bank of Canada to start cutting rates as early as JuneCanada’s inflation rate for January decelerated to 2.9 per cent, dropping more than economists were predicting and possibly opening a window for the Bank of Canada to star...

Source: Financialpost February 21, 2024

Posthaste: Canada's housing correction has likely run its course, say economists

Home prices should start to climb by mid-year — perhaps even sooner We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canada's housing correction has likely run its...

Source: Financialpost February 21, 2024

Inflation rate slows more than expected, falling within the Bank of Canada's target range

Drop below 3% could prompt central bank to cut rate earlierCanada’s inflation rate slowed to 2.9 per cent in January, marking the first time since June that it has fallen within the Bank of Canada‘s target range of one to three per cent. We apologize,...

Source: Financialpost February 20, 2024

What is quantitative tightening and what happens when the Bank of Canada stops it?

The central bank may halt the program sooner than expected, some economists sayThe Bank of Canada could wind down its quantitative tightening program as soon as April and will most likely do so no later than June, an economist at the Royal Bank of Canada pre...

Source: Financialpost February 20, 2024

Investors better hope the blasts from the past don't rock them today

Martin Pelletier: Magnificent Seven whittled down to Magnificent Three complemented by a few smaller AI companiesWe find it fitting that the Technotronic classic Pump up the Jam perfectly characterizes the current market environment, especially since it was...

Source: Financialpost February 19, 2024

Telecom competition is ramping up in Canada

Watch: Regulators focused on having at least four competitors in wireless marketDavid Heger, senior equity analyst at Edward Jones, talks with Financial Post’s Larysa Harapyn about how telecom competition is ramping up in Canada. He discusses why regulators,...

Source: Financialpost February 18, 2024

Loblaw, Walmart urged to sign grocery code or risk legislation

Both companies have said they will not sign the code, warning it could raise prices for CanadiansOTTAWA — The House of Commons committee studying food prices is urging Loblaw Cos. Ltd. and Walmart Inc. to sign on to the grocery code of conduct or risk having...