Daily News

Source: Financialpost May 02, 2024

Trans Mountain opens 'pretty vast market,' says Cenovus — but it's likely Canada's last pipeline

'It is increasingly difficult to build pipelines in this country,' says CEO Get the latest from Naimul Karim straight to your inbox Sign Up Cenovus Energy Inc. has its eyes set on a “pretty vast market” as it gets set to make the most of the Trans Mou...

Source: Financialpost May 02, 2024

Toronto area condo market rents drop the most in 15 years 

Decrease over six-month period biggest outside pandemic periodThe Greater Toronto and Hamilton Area (GTHA) condo rental market has experienced a significant downturn, marked by the largest six-month decrease in rent prices in the past 15 years.  We ap...

Economy Source: Financialpost May 02, 2024

Posthaste: This cratering GDP number has only ever been seen during a recession

Falling GDP-per-capita has economists calling for Bank of Canada to start cutting rates We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: This cratering GDP number...

Source: BNN Bloomberg May 01, 2024

Hong Kong vies with U.S. in Bitcoin ETF market after crypto's revival

A batch of exchange-traded funds investing directly in crypto debuted in Hong Kong on Tuesday, heralding potential competition for U.S. Bitcoin products whose popularity stoked a record rally in the digital asset. Harvest Global Investments Ltd., the local...

Source: BNN Bloomberg May 01, 2024

Markets today: Wall Street hit by U.S. Fed jitters to close wild April

The stock market sank in the final stretch of April and bond yields climbed on concern that stubborn inflation will force the Federal Reserve to keep interest rates higher for longer. On the eve of the Fed decision, a broad gauge of U.S. labor costs closel...

Source: BNN Bloomberg May 01, 2024

Amazon reports strong cloud unit sales on rising AI demand

Amazon.com Inc.’s cloud unit posted the strongest sales growth in a year, a sign that the retailer’s most profitable unit is recovering from a slump as businesses resume spending on technology projects, including artificial intelligence services.  Despite...

Source: Bankofcanada May 01, 2024

Opening Statement before the Standing Senate Committee on Banking, Commerce and the Economy

Good afternoon. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s M...

Source: Financialpost May 01, 2024

Posthaste: Canadians put off plans to buy a home until the Bank of Canada cuts rates

Many say they will hold off until 2025 or later We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canadians put off plans to buy a home until the Bank of Canada cut...

Source: Financialpost May 01, 2024

'Shot themselves in the foot:' How Loblaw became target for grocery anger over food inflation

Watch York University's Grant Packard on why consumers are planning to boycott Loblaw brands in MayGrant Packard, associate professor of marketing at York University, talks with Financial Post’s Larysa Harapyn about a planned consumer boycott of Loblaw Cos....

Source: Financialpost May 01, 2024

Cottage market is seeing 'seven sellers for every three buyers', says Muskoka broker

Watch John Fincham on the state of the recreational property market and the capital gains tax hikeJohn Fincham, a broker at Re/Max Parry Sound Muskoka Realty, talks with Financial Post’s Larysa Harapyn about the state of the recreational property market as s...