Daily News

Economy Source: Financialpost May 01, 2024

Pressure building on Bank of Canada: What economists say about slowing GDP

'Momentum in the Canadian economy appears to have faded quickly'Statistics Canada is predicting gross domestic product growth will be flat in March after data released Tuesday showed the Canadian economy slowed more than expected in February. We apolo...

Source: BNN Bloomberg April 30, 2024

Markets today: Stock bulls look to earnings with U.S. Fed in a corner

Stocks rose as a solid earnings season propped up the market despite bets the Federal Reserve will keep interest rates higher for longer. After pulling back for the most part in April, equities staged a rebound toward the end of the month. Early results fr...

Source: BNN Bloomberg April 30, 2024

BlueBay says 'very risky' to trade chatter on Yen intervention

(Bloomberg) -- RBC BlueBay Asset Management isn’t taking any chances on the Japanese yen amid its wild gyrations and talk of currency intervention.  The firm, which oversees more than $114 billion in fixed-income assets, closed a bet on yen strength on Friday...

Source: Financialpost April 30, 2024

Policy that sealed Honda EV deal opens new chapter in industrial strategy

10% tax credit for any company that invests across the electric-vehicle supply chain Get the latest from Gabriel Friedman straight to your inbox Sign Up Honda Motor Co. Ltd.’s announcement last week that it’s building a $15-billion “vertically integra...

Source: Financialpost April 30, 2024

Posthaste: This missed CPP opportunity is costing Canadians thousands, says report

Waiting until age 70 to claim Canada Pension Plan would more than double pension payments We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: This missed CPP opportun...

Source: Financialpost April 30, 2024

London Drugs shuts all its stores after cybersecurity incident

Western pharmacy chain say no reason to believe customer data impactedNo customer or employee data is believed to have been accessed in a cyberattack that led London Drugs Ltd. to temporarily shut all of its stores across Western Canada, the company said on...

Source: Financialpost April 30, 2024

Hot U.S. inflation signal throws Bank of Canada a curveball

Too wide a spread between interest rates here and in the U.S. could hurt the Canadian dollar and reignite inflationThe Bank of Canada‘s upcoming interest rates decision just got more complicated after United States economic data out this week showed growth s...

Source: Financialpost April 30, 2024

Diane Francis: Trudeau's gross fiscal mismanagement

If Ottawa were a publicly traded company, it would have no shareholders or investorsIt’s tax time, which is always depressing in Canada thanks to the country’s spendthrift federal government. We apologize, but this video has failed to load. Try refres...

Source: Financialpost April 29, 2024

3 big questions about how the capital gains tax increase affects you

Ottawa says only a small percentage of taxpayers will be subject to the changes. In reality, a much wider spectrum of Canadians will be impactedThe federal government’s decision to increase the capital gains tax rate to 66.7 per cent from 50 per cent has cau...

Source: Financialpost April 29, 2024

A 50-cent Canadian dollar, $3,000 gold and housing market fixes: FP top videos

Will the Canadian dollar stay low and gold prices stay high? Watch FP top videosThe Canadian dollar is slumping and gold prices are surging. FP Video looks at these topics and more. We apologize, but this video has failed to load. Try refreshing your...