Daily News

Source: Bankofcanada July 24, 2024

Bank of Canada reduces policy rate by 25 basis points to 4½%

The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization. The...

Source: Financialpost July 24, 2024

Posthaste: Many indebted Canadians think Bank of Canada interest rate cuts can't save them

Debt has become unmanageable for half of Canadians, polls suggest We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Many indebted Canadians think Bank of Canada intere...

Source: Financialpost July 24, 2024

Why it is so hard to make an affordable EV in North America

Even a used electric vehicle is not cheap in this country, yet China appears to have no problem churning them out Get the latest from Gabriel Friedman straight to your inbox Sign Up Tesla Inc. chief executive Elon Musk has promised to deliver a cheape...

Source: Financialpost July 24, 2024

Canadian tech company valued at US$3 billion after latest round of fundraising

The new capital will be used to expand in 130 countries and AI investments Get the latest from Barbara Shecter straight to your inbox Sign Up Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affil...

Source: Financialpost July 24, 2024

Scotiabank sees Bank of Canada rate at 4% by end of 2024

Watch Derek Holt on the Bank of Canada's next rate decisionDerek Holt, vice-president and head of capital markets economics at the Bank of Nova Scotia, talks with Financial Post’s Larysa Harapyn about how the Bank of Canada‘s policy interest rate will be at...

Source: Financialpost July 23, 2024

Diane Francis: A Trump win spells trouble for Canada

Canada is weaker than before and Trump will take advantage of that and moreThe outcome of the U.S. Presidential race is up in the air, but the ramifications for Canada of a Trump victory are dire. We apologize, but this video has failed to load. Try refr...

Source: Financialpost July 23, 2024

Trans Mountain pipeline considers debt deal ahead of potential sale

The company reported that it had $25.3 billion debt as of March 31Trans Mountain Corp. plans to borrow in the bond market to refinance some of its outstanding debt ahead of the Canadian government’s eventual sale of the oil pipeline operator, according to pe...

Source: Financialpost July 23, 2024

Posthaste: Canadians' migration to greener pastures in the Maritimes is losing steam

Flood of new residents from other provinces slows to a trickle We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canadians' migration to greener pastures in the Mariti...

Source: Financialpost July 23, 2024

Husband sues wife after his lone, lowball bid for family home rejected amid separation

Judge orders husband to pay court costs after lawsuit spuriously delays home sale processReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this pa...

Source: Financialpost July 22, 2024

A new era for fixed income is arriving after years of disappointment

Asset class offering meaningful benefits againAfter more than a decade of dismal fixed-income performance, with Canadian indexes eking out low single-digit annualized returns, the tides are finally shifting. We apologize, but this video has failed to loa...