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Source: Financialpost October 11, 2024

Foreign companies are exiting the oilsands — and maybe investors too

Selloff of Canadian energy stocks by foreign mutual funds and ETFs has more than tripled this year Get the latest from Meghan Potkins straight to your inbox Sign Up Energy giant Chevron Corp.‘s decision to sell US$6.5-billion worth of oil and gas asse...

Source: Bankofcanada October 10, 2024

Bank of Canada to begin publishing web-based Monetary Policy Report

The Bank of Canada will begin releasing its Monetary Policy Report (MPR) as an interactive, web-based publication on October 23, 2024. The quarterly report from the...

Source: Financialpost October 10, 2024

Royal Bank eyes $2 billion debt deal in two parts as demand stays hot

Raised $4.7 billion in a five-part U.S. dollar deal TuesdayRoyal Bank of Canada is sounding out investors for a possible $2 billion bond deal in two parts, according to people familiar with the matter. We apologize, but this video has failed to load. Try...

Source: Financialpost October 10, 2024

Even 50-bps Bank of Canada rate cut could wash over financially stressed consumers, survey suggests

Seven out of 10 Canadians say they feel their cities are unaffordableCanadians are so financially stressed out that the expected relief from a jumbo-sized rate cut by the Bank of Canada could just wash over them, an ongoing survey of people’s outlook suggest...

Source: Financialpost October 09, 2024

Trump tariff proposal could cost Canadians $1,100 per year, report warns

10% tariff on U.S. imports would have significant impact on productivity, prices and incomes in both countriesAn election policy proposal from Donald Trump that would apply a 10-per-cent tariff on all U.S. imports could have wide-ranging economic consequence...

Source: Financialpost October 09, 2024

7 of the silliest and politically motivated tax policies recently introduced in Canada

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 October 08, 2024

Diane Francis: Trudeau will dutifully do the separatists' bidding

Having lost his NDP backers, Trudeau is now being held hostage by the separatistsCanada is heading toward another existential crisis as Prime Minister Justin Trudeau desperately clings to power. He’s hobbled his way through governing since 2015, and now he’s...

Source: Financialpost October 08, 2024

Blockbuster $8.8-billion Chevron deal further consolidates Canadian control over oilsands

The move continues a trend of consolidation of ownership in the Canadian oilsands Get the latest from Meghan Potkins straight to your inbox Sign Up In a blockbuster deal dwarfing all other transactions in the oilsands this year, Chevron Corp. has agre...

Source: Financialpost October 08, 2024

Former Bank of Canada official Paul Beaudry sees jumbo rate cut in October

Ex-deputy governor says officials should cut borrowing costs by half a percentage point later this monthAn ex-member of the Bank of Canada’s governing body said officials should cut borrowing costs by half a percentage point later this month. We apologiz...

Source: Financialpost October 08, 2024

David Rosenberg: Housing numbers signal Bank of Canada is still way behind the curve

The real estate boom rate cuts were expected to unleash never happenedThere was an expanding narrative of how the Bank of Canada was going to unleash a fresh wave of housing inflation when it began to cut rates four months ago. The exact opposite has happene...