Daily News

Source: BNN Bloomberg December 19, 2023

TSX recap: Index climbs 0.46% on strength in energy

Strength in energy stocks helped Canada's main stock index gain almost 100 points Monday, while U.S. markets were also higher. The S&P/TSX Composite Index closed up 93.56 points, or 0.46 per cent, at 20,622.71. In New York, the Dow Jones Industrial Aver...

Source: Financialpost December 19, 2023

Theo Argitis: Rising risk of regime change blunts reaction to oil and gas emissions cap

After October 2025 at the latest, the Conservatives could be in the position to reverse many of the Liberals' policiesIt’s fair to say that corporate Canada has been less than enthusiastic about Prime Minister Justin Trudeau’s proposed plan to cap greenhouse...

Source: Financialpost December 19, 2023

Diane Francis: Donald Trump would be bad for Canada (but not as bad as Trudeau)

Eight years of Trudeau has essentially turned Canada into an autonomous economic region of the United StatesA spate of recent articles in the United States have been speculating about how America will change if Donald Trump is re-elected in 2024. But there w...

Source: Financialpost December 19, 2023

Look for November inflation to fall into Bank of Canada's target range, economists say

Fresh data to be released on TuesdayAnother piece of the interest rate puzzle drops this week when Statistics Canada releases inflation data for November on Dec. 19. We apologize, but this video has failed to load. Try refreshing your browser, ortap h...

Source: Financialpost December 19, 2023

Posthaste: Worst is yet to come for Canada's economy

'Recession risks are higher north of the border, with a bumpier landing in store' We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Worst is yet to come for Canada'...

Source: Financialpost December 18, 2023

William Watson: Alberta’s CO2 is the same as everybody else's so why a separate cap for oil and gas? 

Special measures for oil and gas mean the sacrifice in cutting carbon will be greater in that industry than everywhere elseThese days an intro economics course probably starts with colonialism. Or the evils of settling. But way back in the 20th century when...

Source: Financialpost December 18, 2023

Canada's economy will fall into a 'mild recession' to start 2024, says Deloitte economist

Watch: economist Dawn Desjardins shares her insights on the outlook for 2024Dawn Desjardins, chief economist at Deloitte Canada, talks to the Financial Post’s Larysa Harapyn about the outlook for the Canadian economy in 2024, how many interest rate cuts to e...

Source: Financialpost December 17, 2023

Jack Mintz: Calgary’s tone-deaf mayor stumbles again

Jyoti Gondek's popularity is plummeting over property tax hikes, menorah lighting debacleCalgary’s mayor, Jyoti Gondek, just had her worst month since being elected two years ago. It was not just her tone-deaf handling of the lighting of a menorah. It was al...

Source: Financialpost December 17, 2023

Expect Canadian real estate market to come 'unstuck' in 2024

Watch real estate experts Steve Saretsky and John Pasalis unpack the year ahead in housingVancouver realtor Steve Saretsky and John Pasalis of Realosophy Realty talk to Financial Post’s Larysa Harapyn about the year ahead in Canadian real estate. We a...

Source: Financialpost December 17, 2023

Bank of Canada will cut three times next year to bring rate to 4.25%, Deloitte predicts

Economy will slow at start of new year, but pick up laterThe Bank of Canada will likely start cutting interest rates in the second quarter of 2024, predicts the chief economist at Deloitte Canada. We apologize, but this video has failed to load. Try r...