Daily News

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...

Source: Financialpost March 23, 2024

Jack Mintz: Justin Trudeau's legacy could be a poorer Canada

The PM has brought in new social programs, paid for with debt and taxes, but Canadian incomes are at West Virginian levels and decliningThis is a weekend in which prime ministers past and present are likely to be considering their legacies. We apologi...

Source: Financialpost March 23, 2024

David Rosenberg: Memo to Tiff Macklem — don’t make another mistake in the other direction

Why wait until the summer to cut interest rates, when the next meeting is just weeks away?It’s time for the Bank of Canada to stop being scared of its own shadow. The central bank made a mistake in one direction (as did most central banks) when it was late o...

Source: BNN Bloomberg March 22, 2024

Markets today: S&P 500 hits 20th record this year in risk-on push

The relentless rally in stocks powered ahead on optimism the Federal Reserve will be able to engineer a soft landing, which would bolster the outlook for corporate earnings. A fresh bout of risk-taking drove the S&P 500 to its 20th record this year, led by...