Daily News

Source: Financialpost April 11, 2024

'Tall order to ask the average Canadian': EVs are twice as hard to sell today

Canada’s goal of ensuring at least 20% of new vehicles sold by 2026 are electric seems to be in jeopardy as demand slows Get the latest from Naimul Karim straight to your inbox Sign Up As automakers continue to delay their electric-vehicle plans and r...

Source: Bankofcanada April 10, 2024

Monetary Policy Report Press Conference Opening Statement

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement and our Monetary Policy Report. Today, we maintained our policy interest rate at...

Source: BNN Bloomberg April 10, 2024

Markets today: bonds rise as CPI to shed light on Fed's June call

The world’s biggest bond market rebounded and stocks closed higher, with traders positioning for key inflation data that will help shape the outlook for the Federal Reserve’s next steps. Treasuries climbed, with 10-year yields dropping from the highest lev...

Source: Bankofcanada April 10, 2024

Monetary Policy Report – April 2024

Monetary policy is working to reduce inflationary pressures and inflation is coming down, although it will take more time to s...

Market Call Source: BNN Bloomberg April 10, 2024

Barry Schwartz's Top Picks: April 9, 2024

Barry Schwartz, chief investment officer and portfolio manager, Baskin Wealth Management FOCUS: North American large-cap stocks  MARKET OUTLOOK: Investors in quality companies have had spectacular gains over the past 15 months as North American mar...

Source: Bankofcanada April 10, 2024

Bank of Canada maintains policy rate, continues quantitative tightening

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The Bank expe...

Source: Financialpost April 10, 2024

Why Ottawa's $6-billion housing infrastructure fund has some provinces fuming

Money comes with conditions attached — such as zoning changes that allow for uncontested fourplex constructionLast week, Prime Minister Justin Trudeau unveiled a $6 billion funding initiative aimed at tackling Canada’s housing crisis by providing funds to mu...

Source: Financialpost April 10, 2024

Fiscal picture for provinces getting worse, but don't blame irresponsible spending

Canada's 10 provinces are projecting a combined deficit of more than $30 billion, the largest outside the pandemicFinances have deteriorated in a number of provinces over the past year, but at least one bank believes that rising deficits don’t necessarily me...

Source: Financialpost April 10, 2024

B.C. gets third credit downgrade in 3 years

Credit rating was cut to AA- by S&P Global Ratings with a negative outlookBritish Columbia’s credit rating was cut to AA- by S&P Global Ratings with a negative outlook — its third downgrade in three years — after the provincial government decided to ramp up...

Source: Financialpost April 10, 2024

A single act of courage is needed to fix Canada's tax system, but this government won't do it

Kim Moody: Tax reform and review needs to happen to counter the negative consequences of our tax system being tipped overReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchas...