Daily News

Source: Financialpost March 26, 2024

Posthaste: Why Canada may need deeper interest rate cuts than other major economies

Canadians second only to Australians in the share of their income spent servicing debt We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Why Canada may need deeper...

Source: Financialpost March 26, 2024

Home sellers forced to confront new market realities this spring

Sellers must navigate price cuts, lukewarm buyers and mortgage-approval challengesHome sellers are awakening to a new, sobering reality as the spring real estate market blossoms into action: the era of frenzied bidding wars and soaring profits in urban centr...

Economy Source: Financialpost March 26, 2024

New limits on temporary residents to slow Canadian economy

Decrease may offset short-term economic benefits of any Bank of Canada rate cuts, Desjardins economist saysCanada’s planned reduction in temporary residents is set to add downward pressure to inflation and economic growth in the coming months, and the policy...

Source: Bankofcanada March 25, 2024

Bank of Canada announces 2023–24 scholarship recipients

The Bank of Canada is pleased to announce this year’s recipients of its scholarship awards for students with disabilities, Indigenous students, LGBTQ2S+ students, fr...

Source: Financialpost March 25, 2024

Business insolvency filings highest in years

Watch: Filings hit highest number since 2019 in 2023Dina Kovacevic, editor-in-chief of Insolvency Insider Canada, talks with Financial Post’s Larysa Harapyn about the rising trend of insolvency filings and bankruptcies in Canada. In 2023, insolvency filings...

Source: Financialpost March 25, 2024

Housing market will see 'staggered' return of buyers and inventory: RBC

Economist believes it will take a series of rate cuts before many are ready to take the plungeHomebuyers are unlikely to flood back into the housing market this spring; rather their return will be “staggered” over the second half of the year, says one econom...

Source: BNN Bloomberg March 23, 2024

Markets today: S&P 500 hits a wall at end of best week in 2024

The rally in stocks lost traction Friday, with the market still notching its best week in 2024 amid speculation the Federal Reserve will be able to cut interest rates as soon as June. U.S. equities wavered after a record-breaking run that drove the S&P 500...

Source: BNN Bloomberg March 23, 2024

The Week Ahead: Canada, U.S. GDP due

Tuesday, March 26 Bank of Canada Senior Deputy Governor Carolyn Rogers speaks in Halifax 8:30 a.m. U.S. Durable Goods Orders (February) Earnings: McCormick & Co Wednesday, March 27 Earnings: Carnival Corp, Cintas, Paychex Thursday, M...

Source: Financialpost March 23, 2024

Why obsessing about paying off your mortgage early costs you money

Robert McLister: Putting discretionary income towards a mortgage is often not the winning playOnce upon a time, racing to become mortgage free was akin to a national sport. For many, it’s still the Canadian dream. We apologize, but this video has fail...

Source: Financialpost March 23, 2024

Ottawa's spending grows faster than revenue as interest climbs

Deficit for 2023-2024 fiscal year is at $25.7 billion so farCanadian government spending is growing faster than revenue, and interest payments are continuing to climb, as Finance Minister Chrystia Freeland prepares to deliver her budget next month. We...