Daily News

Source: Financialpost September 08, 2023

Health agency probing Air Canada vomit incident that echoes broader customer woes

Outrage as women ejected from plane after complaining of soiled seats MONTREAL — The outrage sparked by a passenger incident involving a vomit-smeared airplane seat reflects a broader frustration with flight operations in Canada, travel special...

Source: Financialpost September 08, 2023

Posthaste: Bank of Canada's 4 'pillars' of inflation stop flashing red: analyst

Central bank has achieved goal of slowing demand, economy with previous rate hikes We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste:...

Source: Financialpost September 08, 2023

RBC faces potential stock sale as bank regulator contemplates stricter capital rules: analyst

Could raise minimum capital requirements in December With economic storm clouds gathering, Canada’s bank regulator is considering stricter capital requirements that some analysts say have the potential to force Royal Bank of Canada, the nation’...

Source: BNN Bloomberg September 07, 2023

U.S. stocks retreat after hot ISM fuels Fed-hike wagers

Stocks declined, while Treasury yields climbed after a stronger-than-estimated reading on the U.S. services industry bolstered speculation the Federal Reserve will keep interest rates higher for longer. The S&P 500 closed below 4,500 and the Nasdaq 100 fel...

Source: BNN Bloomberg September 07, 2023

​TSX recap: Index finishes 0.78% lower amid broad-based losses

Canada's main stock index lost almost 200 points Wednesday amid a broad-based decline, while U.S. markets also posted losses.  The S&P/TSX Composite Index closed down 186.80 points, or 0.78 per cent, at 20,226.96. In New York, the Dow Jones Industrial A...

Source: BNN Bloomberg September 07, 2023

RBC CEO sees interest rates coming down next Year, allowing for soft landing

Interest rates are likely to come down next year, Royal Bank of Canada Chief Executive Officer Dave McKay said, allowing for the lender’s customers to avoid major pain when the majority of its mortgage book reprices in 2025 and 2026. “We should be fine,” M...

Source: Bankofcanada September 07, 2023

Staying the course

Speaking a day after we decided to maintain the policy interest rate at 5%, Governor Tiff Macklem explores some key factors behind the decision. He also explains why...

Source: Financialpost September 07, 2023

Weakening economy convinces BoC to hold key rate, but door to more hikes stays open

OTTAWA — The Bank of Canada decided to hold its key interest rate steady on Wednesday amid mounting evidence the economy is slowing, but the central bank isn’t declaring victory yet as it remains cautious to not fuel speculation about rate cuts....

Source: Financialpost September 07, 2023

RBC CEO says interest rates to come down next year, allowing for soft landing

Majority of lender's mortgage book reprices in 2025 and 2026 Interest rates are likely to come down next year, Royal Bank of Canada chief executive Dave McKay said, allowing for the lender’s customers to avoid major pain when the majority of it...

Source: Financialpost September 07, 2023

Posthaste: Homeowners in these parts of Canada have built hundreds of thousands in equity in 5 years

Many who bought in July 2018 have watched their property values surge We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Homeowners i...