Daily News

Economy Source: Financialpost September 17, 2024

Canadians becoming more optimistic about their finances as Bank of Canada cuts rates

Financial optimism is showing up in several areas, including housing, retirement and the economyCanadians continue to show more green shoots of optimism regarding their financial prospects as the Bank of Canada cuts interest rates, suggests the most recent r...

Source: Financialpost September 16, 2024

For borrowers, mortgage rate tracking sites are an invaluable tool. Here are the best ones

Robert McLister: Each site has its quirks. Knowing these quirks is key to scoring not just a great rate, but a phenomenal oneNo layperson tracks mortgage rates daily, unless they have a peculiar hobby. Hence, the birth of mortgage rate comparison sites....

Source: Financialpost September 16, 2024

Air Canada reaches deal with pilots' union, averting strike

Last-minute pact dodges walkout that would have grounded more than 1,000 daily flights worldwideAir Canada reached a last-minute pact with the pilots’ union, averting a strike that would have grounded more than 1,000 daily flights worldwide. We apologize...

Source: Financialpost September 15, 2024

U.S. court reverses US$564-million verdict against BMO in Ponzi scheme lawsuit

Win for Canadian bank will boost earnings in fourth quarter, says analyst Get the latest from Naimul Karim straight to your inbox Sign Up A U.S. court has reversed a previous verdict that ordered a subsidiary of the Bank of Montreal to pay US$564 mill...

Source: Financialpost September 14, 2024

Canada, Quebec give billions of dollars for satellite production

Technology will help remote Canadians connect with cheaper, more reliable internet, Trudeau saysMONTREAL — The Canadian government has announced a loan of $2.14 billion to satellite operator Telesat Holdings Inc., to help the company build its broadband sate...

Source: Financialpost September 14, 2024

Posthaste: More interest rate cuts, Trudeau departure key to Canadian CEOs' outlook, survey finds

Those are the requirements many C-suite leaders attach to improved business conditions for 2025 We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: More interest rate cu...

Source: Financialpost September 14, 2024

Howard Levitt: Air Canada pilots strike cries out for federal intervention, but politics might get in the way

It's not just passengers affected but air cargo, food, medical supplies and essential equipmentWith Air Canada pilots poised to strike, the NDP has abrogated its supply and confidence agreement with the Liberals and announced that it will not support back-to...

Source: Financialpost September 14, 2024

Here are the Canadian oilpatch winners and losers from volatile oil prices

WTI was trading Friday at US$70.01 a barrel, down from a year-to-date high of US$86.91Some Canadian energy companies are better placed to weather the precipitous drop in the price of oil, according to an analysis by Scotiabank Global Equity Research. We...

Source: Financialpost September 14, 2024

Canadians should brace for recession because odds are 'not zero,' says Stephen Poloz

Former Bank of Canada governor says economy is entering the 'most stressful' leg of mortgage renewal cycleFormer Bank of Canada governor Stephen Poloz sees recession conditions in many parts of the Canadian economy, as growth fails to keep pace with an incre...

Source: Financialpost September 13, 2024

Canada's anti-money-laundering regime even has the big banks worried

John Turley-Ewart: Amid TD Bank's woes in U.S., bank industry group asked Ottawa to reform inefficient systemLast month, the Canadian Bankers Association (CBA) delivered an unusual submission to the House of Commons Standing Committee on Finance. We apol...