Daily News

Source: Financialpost November 20, 2024

Canada's tax system needs a Big Bang and soon

Kim Moody: Canada needs to have broad-based personal tax reductions, especially in light of the recent outcome in the U.S. electionReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission fr...

Source: Financialpost November 19, 2024

Bus maker Lion Electric mulls sale of the company amid cash woes

The company is considering various sources of financing, including 'a sale of the business'MONTREAL — Lion Electric Co. is opening the door to a possible sale of the company as the electric bus maker struggles to staunch an ongoing cash bleed. We apologi...

Source: Financialpost November 19, 2024

Tempted by this hot market? Don’t succumb to the sin of pride

Martin Pelletier: Years of great returns from volatile investments can still erode your portfolio through the damage of down years“The devil appeared to a monk disguised as an angel of light, and said to him, ‘I am the angel Gabriel, and I have been sent to...

Source: Financialpost November 19, 2024

Posthaste: These two cities are at risk of sharp rise in mortgage arrears

Toronto could hit highs not seen since 2012, warns CMHC We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: These two cities are at risk of sharp rise in mortgage arrear...

Source: Financialpost November 18, 2024

How open banking could get you a better mortgage deal

Robert McLister: Open banking is a boon to mortgage competition and efficiencyWhen we think of mortgage competition, we often think of smaller lenders nipping at the big boys’ ankles like angry chihuahuas. That’s happening to a small degree, but there’s some...

Source: Financialpost November 17, 2024

Canada's home sales up 30% in surprise October surge

Increase in new listings likely behind the unexpected spike, says CREAOTTAWA — Home sales shot up 30 per cent in October, the Canadian Real Estate Association said Friday, marking a shift from the market’s holding pattern. We apologize, but this video ha...

Source: Financialpost November 17, 2024

Xi Seizes Role as Global Defender of Free Trade Against Trump

As Donald Trump threatens to impose tariffs on the entire world, Xi Jinping is once again wasting no time in positioning himself as the premier defender of the international trading system.(Bloomberg) — As Donald Trump threatens to impose tariffs on the enti...

Source: Financialpost November 16, 2024

Fired AIMCo chair disputes Alberta’s narrative on costs in letter to Horner

AIMCo is a low-cost manager compared to similar funds and has 'solidly' exceeded benchmarks over the years, says Kenneth Kroner Get the latest from Barbara Shecter straight to your inbox Sign Up The former interim chair of Alberta Investment Managemen...

Source: Financialpost November 16, 2024

Loonie watch: Sub-70 cent Canadian dollar inching closer into view

Canadian dollar sank below 71 cents U.S. for the first time since mid-2020The Canadian dollar sank below 71 cents U.S. Friday for the first time since mid-2020, breaching a level that some analysts see as a “psychological barrier” and bringing a sub-70 cent...

Source: Financialpost November 16, 2024

Ontario signs $100-million deal with Elon Musk’s SpaceX

ONSAT program will bring SpaceX’s Starlink satellite internet system to 15,000 premisesPremier Doug Ford’s government has signed a $100-million deal with Elon Musk’s SpaceX to deliver high-speed internet to remote residents in rural and northern Ontario....