Daily News

Source: Financialpost May 30, 2023

Canada's big banks log 13-fold rise in loan loss provisions on worries about commercial real estate defaults

Increased risk of recession also a factor Canada’s big five banks this week collectively set aside the most money for loan losses since 2020, as concerns about an economic slowdown and higher defaults in commercial real estate mount. TH...

Source: Financialpost May 30, 2023

Premier Frack: New Brunswick's Blaine Higgs makes a global citizen's case for fracking

Says Canada isn't doing enough to help its allies in Europe with their energy needs New Brunswick Premier Blaine Higgs was in the Netherlands in mid-May for the World Hydrogen Summit, an international gathering of hydrogen industry players, pol...

Source: Financialpost May 30, 2023

Remembering a Bay Street legend and fixed-income guru: Paul Sandhu

Was CEO of Toronto-based Marret Asset Management We lost a Bay Street legend last week, Paul Sandhu, who was chief executive of Toronto-based Marret Asset Management Inc. and among the most talented fixed-income investors of the past several de...

Source: Financialpost May 30, 2023

How this tiny Ontario city became an important node in the global supply chain for critical minerals

Kingston has become an unlikely hub for minerals recycling amid a talented labour pool, shipping access, and close proximity to auto manufacturers European Commission President Ursula von der Leyen’s first visit to Canada earlier this year incl...

Source: Financialpost May 30, 2023

Posthaste: These Canadian regions are headed for 'city-cessions' — a sign Canada may not be far behind

Consumer spending is now falling in 13 of 21 cities, with tech centre Kitchener-Waterloo especially struggling We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos fro...

Economy Source: Financialpost May 29, 2023

Theo Argitis and Robert Asselin: Trudeau can't keep juicing the economy with more spending

World entering period of scarcity, meaning Canada won't be able to spend its way to prosperity The unexpected pick up in Canadian inflation last month — even if it turns out to be a blip — is a fresh reminder that Prime Minister Justin Trudeau’...

Source: Financialpost May 28, 2023

Holding cash can seem like a good idea, but it can be riskier than buying stocks

Storing away cash for long periods is similar to voluntarily agreeing to lower your salary each year Many investors focus on market risk, particularly that the overall market will decline, leading to a loss of capital. Market risk is certainly...

Source: Financialpost May 28, 2023

Posthaste: Why Wall Street just hiked its Canadian oilsands outlook for the first time in five years

Record-breaking production predicted for the rest of this decade We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Why Wall Street ju...

Source: Financialpost May 28, 2023

Quebec opens door to 20% bump in immigrants, with one major catch

Majority of new arrivals must be French speakers Quebec is considering a policy change to welcome more immigrants, with one condition: it only wants French speakers. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read th...

Source: Financialpost May 28, 2023

SVB’s biggest debtor in Canada is Michele Romanow’s tech finance firm Clearco

Bankruptcy liquidator set to receive offers for loan book on May 29 The bankruptcy liquidator in charge of Silicon Valley Bank’s Canadian unit is set to receive offers for its loan book on May 29, and the biggest asset is a loan to e-commerce l...