Daily News

Source: Financialpost August 05, 2024

Bank of Canada seen cutting interest rates faster after weak U.S. jobs data

Markets now betting central bank will cut at every meeting this yearMarkets are betting the Bank of Canada will cut at each of its remaining interest rate decisions this year as the labour market in the United States looks to be loosening faster than expecte...

Source: Financialpost August 04, 2024

Posthaste: More than half Canadian companies plan to hire this year — these are the hottest jobs

Looking for opportunity? Try e-commerce or health care We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: More than half Canadian companies plan to hire this year — the...

Source: Financialpost August 03, 2024

The interest rate easing cycle is starting to get real

Robert McLister: With the Fed hinting at a possible rate cut, it's clear to markets that elevated rates have overstayed their welcomeNorth American interest rates aren’t just falling; they’re skydiving. With the U.S. Federal Reserve hinting at a possible Sep...

Source: Financialpost August 03, 2024

Capital gains tax hike expected to raise $17.4 billion, but critics warn of economic fallout

Gains to government coffers come at expense of entrepreneurs and middle class, say opponentsReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this...

Source: Financialpost August 03, 2024

Builders now offering half-price mortgages, but still no takers

Robert McLister: To snap potential buyers off the sidelines, builders are dangling the carrot of mortgage incentivesCountless builders are stuck with newly constructed homes they can’t sell. It’s not because their product isn’t good. It’s because many folks...

Economy Source: Financialpost August 03, 2024

Canadian economy is weaker than it looks: Desjardins' Marc Desormeaux

Economist on what Canada's labour market is telling us about the economyMarc Desormeaux, principal economist at Fédération des caisses Desjardins du Québec, talks with Financial Post’s Larysa Harapyn about what Canada’s labour market is telling us about the...

Source: Bankofcanada August 02, 2024

Market Participants Survey—Second Quarter of 2024

Results of the second-quarter 2024 survey conducted from June 19 to 28, 2024. The Market Participants Survey results are based on questionnaire responses from about...

Source: Financialpost August 02, 2024

Posthaste: Canada's immigration clampdown could have more consequences than we thought

Not only will the economy slow, Canada's deficit and debt will rise, says report We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canada's immigration clampdown could...

Source: Financialpost August 02, 2024

Canadian households are worth more than $1 million on average: How do you stack up?

Average household net worth in Canada hit $1,009,483, up nearly 30 per cent from before the pandemicCanadian household wealth jumped to a new collective high of $16.92 trillion in the first quarter of 2024, topping the previous record of $16.84 trillion set...

Source: Financialpost August 02, 2024

Capital gains tax overhaul projected to raise $17.4 billion, but critics warn of economic fallout

Analysis from the Montreal Economic Institute estimates the changes will bring in nearly two billion dollars less than expectedThe Parliamentary Budget Officer (PBO) is projecting a $17.4 billion boost in income tax revenues from 2024-’25 to 2028-’29, thanks...