Daily News

Source: Financialpost September 01, 2024

FP Answers: How do I avoid Old Age Security clawbacks due to high dividends?

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by BMO Global Asset Management BMO Global Asset Managem...

Source: Financialpost August 31, 2024

Bigger Bank of Canada rate cut now on the table: What economists say about GDP

Details in report hint at a stalling economyCanada’s gross domestic product for the second quarter came in stronger than expected, but the details of the GDP report and the accompanying outlook for the start of the next quarter hinted at a stalling economy,...

Source: Financialpost August 31, 2024

RBC, Canada's mortgage lending giant, admits that a rates war is being waged

Robert McLister: In an urgent bid to preserve market share, banks are pulling out all the stopsTo say Canada’s mortgage market is cutthroat is an understatement. We apologize, but this video has failed to load. Try refreshing your browser, ortap here to...

Economy Source: Financialpost August 31, 2024

Economy beats Bank of Canada forecast with 2.1% growth

Fastest growth since the first quarter of 2023The Canadian economy grew at a faster-than-expected annualized pace of 2.1 per cent in the second quarter of the year, but early indications point to a loss of momentum going into the third quarter. We apolog...

Source: Financialpost August 30, 2024

Cannabis retailer Tokyo Smoke to close 29 stores amid creditor protection proceedings

The closures are part of a restructuring the brand is carrying outTORONTO — Cannabis retailer Tokyo Smoke says it will be shuttering 29 of its stores as it seeks creditor protection. We apologize, but this video has failed to load. Try refreshing your br...

Source: Financialpost August 30, 2024

Shell to cut 20% of jobs in some oil and gas divisions

The proposed moves are pending engagement with groups that represent employeesShell Plc is set to cut around 20 per cent of its workforce in some oil and gas exploration and development divisions as chief executive Wael Sawan works to boost efficiency and pr...

Source: Financialpost August 30, 2024

Borrowing to invest? The CRA just clarified the rules on interest deductibility

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by BMO Global Asset Management BMO Global Asset Managem...

Source: Financialpost August 30, 2024

As rates come down, five-year fixed mortgages vie for the crown

Robert McLister: Happy long weekend to floating rate holders as a Bank of Canada cut next week is virtually guaranteedA slew of fixed-rate mortgages got cheaper this week, including the uninsured four-year fixed and the insured one-, three-, and four-year fi...

Source: Financialpost August 29, 2024

RBC posts 'standout quarter' on profit beat, but CEO warns economic uncertainty lurks

Company records higher results in almost all segments Get the latest from Naimul Karim straight to your inbox Sign Up Shares of Royal Bank of Canada hit new all-time highs on Wednesday after Canada’s largest lender reported higher profits and beat ana...

Source: Financialpost August 29, 2024

Conservatives Gain in Tight BC Election Race as Rival Party Disintegrates

The political party that governed British Columbia for 16 years at the start of this century has withdrawn from its election after a collapse in its poll numbers.(Bloomberg) — The political party that governed British Columbia for 16 years at the start of th...