Daily News

Source: BNN Bloomberg April 09, 2024

Markets today: Bond yields hit 2024 highs with inflation in focus

The world’s biggest bond market kicked off the week on the back foot as geopolitical pressures abated and traders positioned for this week’s key inflation data.   Treasury 10-year yields rose to the highest since November and came within a striking dist...

Source: Financialpost April 09, 2024

Posthaste: Affording a home in Canada has never been tougher, with one city in 'full-blown crisis'

A household now needs to spend a 'staggering' 63.5% of income to cover the cost of owning a home We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Affording a home...

Source: Financialpost April 09, 2024

RBC fires CFO Nadine Ahn after probe into personal relationship

Royal Bank of Canada fired its chief Financial Officer Nadine Ahn after an internal review concluded that she was in an undisclosed close personal relationship with another employee that violated the bank’s code of conduct. We apologize, but this vide...

Source: Financialpost April 09, 2024

Frank McKenna: Alberta's pension plan gambit risks undermining a great Canadian achievement

Opinion: The Canada Pension Plan is the envy of the world and should be protected like other projects that unite us By Frank McKenna  The debate over Alberta’s proposal to create a new provincial pension plan to replace the Canada Pension Plan must not be c...

Source: Financialpost April 09, 2024

West Virginia bars TD, HSBC, Citi, Northern Trust from banking contracts over ESG policies

State Treasurer Riley Moore says banks 'boycott' fossil fuels industryWest Virginia’s treasurer announced that he is restricting four financial services firms from providing state banking services because he says they “boycott” the fossil fuels industry....

Source: Financialpost April 09, 2024

Paul Deegan: Dismissal of Royal Bank CFO is no run-of-the-mill firing

Opinion: Exceptional circumstances likely gave the bank little choice on a course of actionby Paul Deegan   We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Paul Deegan: Dis...

Source: Financialpost April 08, 2024

Canadian stocks offer investors 'bigger opportunities' as TSX plays catchup with the U.S.: BMO

Watch: Brian Belski, chief investment strategist at BMO Capital Markets, explains why he believes Canadian stocks have more to offer investors this year than equities in the U.S.Brian Belski, chief investment strategist at BMO Capital Markets, talks to Finan...

Source: Financialpost April 07, 2024

Why the loss of HSBC leaves Canada's mortgage market less transparent

Robert McLister: Borrowers better shop around for the best rate possible because Canada's big banks won't hand it to youHSBC Canada’s mortgage business has taken a permanent vacation. Royal Bank of Canada just gobbled it up in the biggest domestic bank merge...

Source: Financialpost April 07, 2024

RBC Fires CFO Ahn After Probe Into Personal Relationship

Royal Bank of Canada fired its Chief Financial Officer Nadine Ahn after an internal review concluded that she was in an undisclosed close personal relationship with another employee that violated the bank’s code of conduct.(Bloomberg) — Royal Bank of Canada...

Economy Source: Financialpost April 07, 2024

Bank of Canada rate cuts could be delayed by high government spending: Scotiabank

Watch: Derek Holt talks rate cut timing and budget seasonDerek Holt, vice president and head of Capital Markets and Economics at Bank of Nova Scotia, talks with the Financial Post’s Larysa Harapyn about when he expects the Bank of Canada to cut interest rate...