Daily News

Source: Financialpost October 18, 2024

For mortgage rates this week, it's the calm before the storm

Robert McLister: Bank of Canada expected to bring out the chainsaw and slash rates on WednesdayLeading mortgage rates have gone into hibernation. After spiking last week, not a single rate from a leading nationwide lender has budged. That’s as rare as a comf...

Source: Financialpost October 18, 2024

Posthaste: There's now a bigger risk to Canada's economy than the mortgage renewal cliff

Canadians should be more worried about jobs than mortgages, says RBC We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: There's now a bigger risk to Canada's economy th...

Source: Financialpost October 17, 2024

Bank of Canada to chop rates a full point by year end, National Bank says

'We needed to be there yesterday,' top economist saysThe Bank of Canada will likely cut interest rates by a full percentage point by the end of this year, a top economist said. We apologize, but this video has failed to load. Try refreshing your browser,...

Source: Financialpost October 17, 2024

'More urgency now to return interest rates to neutral': Desjardins' Jimmy Jean

Watch: Desjardins' chief economist thinks the latest inflation data has 'sealed the deal' for a 50 basis-point cut later this monthJimmy Jean, chief economist at Desjardins Group, talks with Financial Post’s Larysa Harapyn about how inflation numbers are com...

Source: Financialpost October 17, 2024

Posthaste: Bank of Canada could have a new worry as 'overly restrictive' interest rates sting, economists warn

Signs of disinflation all over the September CPI report meaning rates are hurting the economy We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Bank of Canada could ha...

Economy Source: Financialpost October 17, 2024

Bank of Canada needs to 'flip the script' as weak economic data builds up

Manufacturing sales fell 1.3 per cent in August to their lowest level since January 2022Weak manufacturing sales are adding to the evidence that Canada’s third-quarter gross domestic product will come in well under the central bank’s expectations, likely amp...

Source: Financialpost October 16, 2024

Opinion: The bill is coming for net zero — and it’s big, both politically and economically

Net zero talk is all about climate dividends and green opportunity. It's time to get real about what doubling the electricity supply will costBy Shannon Joseph We apologize, but this video has failed to load. Try refreshing your browser, ortap here to se...

Source: Financialpost October 16, 2024

Loonie set for worst run since 2017 on Bank of Canada rate-cut bets

Canadian dollar fell as much as 0.3% against the greenbackThe loonie is set for its worst run of losses in more than seven years after a soft report on Canadian consumer prices amped up bets that the Bank of Canada will ease borrowing costs by a quicker pace...

Source: Financialpost October 16, 2024

Two 50 bps rate cuts coming this year: What economists say about the latest inflation numbers

Economists say the Bank of Canada will 'welcome' Tuesday's CPI dataInflation in September fell to 1.6 per cent, the slowest year-over-year increase in more than three years and well below the Bank of Canada‘s target of two per cent. We apologize, but thi...

Source: Financialpost October 16, 2024

Opinion: Canadians should understand the costs of expanding Old Age Security

Polls show Canadians strongly support raising benefits to seniors. Of course, polls don't tell them what it will cost them and their kidsBy Jake Fuss and Grady Munro We apologize, but this video has failed to load. Try refreshing your browser, ortap here...