Daily News

Source: Financialpost August 16, 2024

Posthaste: Ever wonder why B.C. gas prices are so high? The answer might surprise you

New report highlights 'worrying' of Canadian infrastructure We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Ever wonder why B.C. gas prices are so high? The answer m...

Source: Financialpost August 16, 2024

'The tide is beginning to turn' as investors and move-up buyers drive detached home sales, says Re/Max

Detached housing values increased in close to 40% of Canada's hot markets during the first half of 2024In the first half of 2024, seasoned buyers and investors drove detached home purchases in Canada’s priciest markets, including the Greater Toronto Area (GT...

Source: Financialpost August 16, 2024

RBC and TD among financial firms fined by SEC in WhatsApp investigations

Probes uncovered 'pervasive and longstanding use of unapproved communication methods'Twenty-six financial firms agreed to pay about US$393 million in total fines after the U.S. Securities and Exchange Commission said they failed to keep their employees’ elec...

Source: Financialpost August 16, 2024

Bank of Canada rate cut gives indebted Canadians reason to hope, poll finds

A rising number of people believe the economy will improve over the next two monthsMore debt-burdened Canadians think better days could be just around the corner after an interest rate cut and promising data boosted their outlook for the economy, a long-runn...

Source: Financialpost August 15, 2024

Rogers turned 'predatory' after Shaw acquisition, Corus says

Corus stock market value is down to $31 million and analysts warn it must recapitalize to reduce debtTelecommunications firm Rogers Communications Inc. is abusing its market power following its blockbuster acquisition of Shaw Communications Inc., according t...

Source: Financialpost August 15, 2024

Joe Oliver: The walls are closing in on Justin Trudeau

We may not be in a recession but it can sure feel that way. And dumping unpopular incumbents seems to be popular these daysAmong the myriad problems Justin Trudeau is confronting, two have an immediacy that must be especially troubling. One is political, the...

Source: Bankofcanada August 14, 2024

Canada Border Services Agency wins Bank of Canada counterfeit deterrence award

This year’s winners are a team from the Canada Border Services Agency (CBSA) who worked in partnership with the Bank of Canada and the Royal Canadian Mounted Police’...

Source: Financialpost August 14, 2024

In Canada’s topsy-turvy housing market, more supply could mean less affordability, report warns

Haider-Moranis: Oxford Economics cautions that Toronto and Vancouver are akin to New York and London where demand can never be satisfiedBy Murtaza Haider and Stephen Moranis We apologize, but this video has failed to load. Try refreshing your browser, or...

Source: Financialpost August 14, 2024

William Watson: Albertans should be steaming mad over EV tariffs

After years of Ottawa telling us oil and gas jobs must be sacrificed to save the planet, it now turns out auto sector jobs are sacrosanctIf I were an Albertan, I’d be steaming mad about the tariffs that are obviously coming on inexpensive Chinese electric ve...

Source: Financialpost August 14, 2024

Posthaste: Downturn expected to get worse before Bank of Canada rate cuts kick in

Canadian dollar, on the other hand, is weathering the storm We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Downturn expected to get worse before Bank of Canada rate...