Daily News

Source: Bankofcanada March 21, 2024

Getting to a new normal

Deputy Governor Toni Gravelle speaks about how the Bank of Canada will manage its balance sheet once quantitative tightening ends. Watch Deputy Gove...

Source: Financialpost March 21, 2024

Ontario to lead national surge in cottage prices, says Royal LePage

Gains of 8% forecast for the province and 5% nationallyOntario is poised to lead the pack in cottage price appreciation across Canada in 2024, according to a forecast by real estate franchiser Royal LePage. Single-family recreational homes in the province a...

Source: Financialpost March 21, 2024

3 things to consider when trying to help adult children out financially

Ted Rechtshaffen: The risk is always whether you can afford to make a gift in the first placeReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on thi...

Source: Financialpost March 21, 2024

David Rosenberg: Bank of Canada is going to have to cut rates sooner and harder than the Fed

There has never been a time when a debt-service ratio this high failed to precipitate a recessionThere were several items that came out of the fourth-quarter national balance sheet data in Canada that leave us with a view that any positive “wealth effect” on...

Source: Financialpost March 21, 2024

Bank of Canada policymakers at odds over when they can cut interest rates

Deliberations shed light on one potential risk to the inflation outlook: the housing market Get the latest from Barbara Shecter straight to your inbox Sign Up Bank of Canada policymakers are divided on when there will be enough evidence that the right...

Source: Financialpost March 21, 2024

Posthaste: Canadians hit the brakes on car ownership, say it's too expensive

High inflation, interest rates keeping more people from buying or leasing a car this year We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canadians hit the brakes...

Source: BNN Bloomberg March 20, 2024

Markets today: 'most-crowded trade' drives S&P 500 to new record

Wall Street traders gearing up for Wednesday’s Federal Reserve decision sent stocks to fresh all-time highs amid gains in a handful of big techs. Equities erased losses after a rebound in the “Magnificent Seven” cohort of tech megacaps — dubbed the “most-c...

Economics Source: BNN Bloomberg March 20, 2024

Ottawa should keep its 'hands off' pension funds, says former OTPP head

The former head of one of Canada’s largest pension plans says the federal government should avoid telling Canadian pension funds where to direct capital, despite recent calls encouraging them to invest more at home. Jim Leech, former president and CEO of t...

Company News Source: BNN Bloomberg March 20, 2024

Sycamore Partners explores bid for apparel maker Gildan activewear

Private equity firm Sycamore Partners is exploring an offer for Gildan Activewear Inc., the Canadian clothing manufacturer that owns the American Apparel brand, people familiar with the matter said.  The New York-based buyout firm has discussed financing o...

Source: Bankofcanada March 20, 2024

Summary of Governing Council deliberations: Fixed announcement date of March 6, 2024

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on March 6, 2024. This summary reflects di...