Daily News

Source: Financialpost January 16, 2024

Top headlines: Average asking rent hits record $2,178 in December

The latest business news as it happensToday’s headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: Average asking rent hits record $2,178 in December Ba...

Source: Financialpost January 16, 2024

De Beers makes sharp cuts to diamond prices after sales grind to near halt

Industry whipsawed since the start of the pandemicDe Beers made one of the steepest cuts to its diamond prices in years, as the world’s top producer tries to revive gem sales after the market ground to a halt. We apologize, but this video has failed t...

Source: Financialpost January 16, 2024

Posthaste: Why Canada's housing market could rebound sooner than many expect

Buyers will come back before the Bank of Canada cuts rates, says Royal LePage 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's housing market could re...

Source: Financialpost January 16, 2024

Tesla gets a $94-billion reality check as EV winter sets in

Elon Musk's EV maker off to its worst start to any year — everTesla Inc. had a blockbuster 2023, as its shares more than doubled in 12 months, but 2024 is starting on a different note, with Elon Musk’s electric-vehicle maker off to its worst start to any yea...

Economy Source: Financialpost January 16, 2024

Economists think inflation started rising again in December

They explain their forecasts and what that means for Bank of Canada cutsEagerly anticipated inflation numbers for December — described by one economist as “the main event” this week — will be released by Statistics Canada on Jan. 16. After a series of unprec...

Source: Financialpost January 15, 2024

Economists weigh in on the Bank of Canada: FP videos

Three economists on where the economy and the Bank of Canada is headedEconomists weigh in on the economy and the Bank of Canada in these FP top videos. We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see oth...

Source: Financialpost January 15, 2024

Income gap between new immigrants and broader public narrowed dramatically: PBO

Total income of new immigrants rose from 55% of the median Canadian income to 78% between 2014-2018The income gap between new immigrants and the broader Canadian public narrowed dramatically in the years leading up to the pandemic, according to a report from...

Source: Financialpost January 14, 2024

Trans Mountain pipeline variance request gets approved by regulator

The pipeline is Canada’s only oil pipeline to the West Coast and its expansion will increase the pipeline’s capacity to 890,000 barrels per day from 300,000 bpd currentlyCALGARY — The imminent completion of the Trans Mountain pipeline expansion is more likel...

Source: BNN Bloomberg January 13, 2024

Markets today: U.S. bond traders reload Fed-cut wagers after PPI data

  Treasury two-year yields dropped to the lowest level since May as a surprise decline in producer prices reinforced bets on Federal Reserve rate cuts this year. Traders are pricing in an about 80 per cent chance of a Fed reduction in March — up from a...

Source: BNN Bloomberg January 13, 2024

The Week Ahead: inflation, Canadian retail sales

Monday, January 15 Notable events: Martin Luther King Jr. Day in the U.S., World Economic Forum meetings in Davos begin, Iowa caucus day in U.S. Notable data: Bloomberg-Nanos confidence poll, CREA monthly Canadian housing numbers, Bank of Canada busin...