Daily News

Source: Financialpost December 20, 2024

Not a mortgage rate was stirring (Well, maybe an insured two-year fixed...)

Robert McLister: But that doesn’t mean the mortgage market itself is deadThis week, Canada’s mortgage rate scene was as quiet as a bank vault on Christmas Day. Only one national mortgage rate leader tweaked its offers since last Thursday. That was on the two...

Source: Financialpost December 20, 2024

Bill Gates invests in Montreal company looking to remove CO2 from air

“It’s not a technology problem; it’s an energy problem. We don't have enough energy and we need to drive up the efficiency of the power use" Get the latest from Gabriel Friedman straight to your inbox Sign Up Bill Gates’ Breakthrough Energy Catalyst i...

Source: Financialpost December 20, 2024

Canadians urged to take risks as equity deals hit 23-year low

There is hope that lower capital costs will spur activity in Canada, where the central bank has cut interest rates five times this yearInvestment bankers are urging Toronto-listed companies to buy a business or raise some money as deal volumes in Canada have...

News Source: Financialpost December 20, 2024

Canada has fiscal room to withstand tariff war, new finance minister says

Leblanc became finance minister Monday after the stunning departure of Chrystia FreelandCanada’s new finance minister said the government needs to preserve its fiscal ability to support households and businesses if Donald Trump’s tariff threats materialize i...

Source: Financialpost December 19, 2024

Trump publicly taunts Trudeau saying Canada should be a U.S. state

'No one can answer why we subsidize Canada to the tune of over US$100,000,000 a year?'Donald Trump lobbed a fresh taunt at Canada as Prime Minister Justin Trudeau tries to weather a crisis sparked by the sudden departure of a minister who was a bulwark again...

Source: Financialpost December 19, 2024

Pushing companies 'over the edge': Oil and gas insolvencies surge to three-year high

Tighter rules around well cleanups make it tough for junior oil and gas producers to weather swings in energy prices Get the latest from Meghan Potkins straight to your inbox Sign Up A protracted downturn in natural gas prices has battered the balance...

Source: Financialpost December 19, 2024

William Watson: If this is how America treats its friends …

Our goods-trade surplus with the U.S. is not them subsidizing us. If anything, it's the reverse: they send us paper and promises for goodsRegarding our current predicament with our neighbours on the continent, I realize it risks a rebuke from Elon Musk to sa...

Source: Financialpost December 19, 2024

Canada tightens immigration point system to curb fraud tied to job selling

The move appears to be another step by the federal government to reduce the number of newcomers entering the country Get the latest from Naimul Karim straight to your inbox Sign Up Temporary foreign workers who apply to become permanent residents thro...

News Source: Financialpost December 19, 2024

Unpacking the Liberal's $24-billion spending package

Rebekah Young: The big surprise was that there were no big surprisesRebekah Young, vice president and head of inclusion and resilience economics at the Bank of Nova Scotia, talks with Financial Post’s Larysa Harapyn about what’s in the federal government’s F...

Source: Financialpost December 18, 2024

Canadian dollar falls below 70 cents U.S. on political risk from Freeland resignation

Fallout from former finance minister's departure hits currencyThe Canadian dollar dipped below 70 cents U.S. on Tuesday for the first time since early 2020 as the fallout from Chrystia Freeland’s resignation as deputy prime minister and finance minister hit...