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Source: Financialpost January 30, 2025

Now retired, how do we withdraw funds without running out of money?

To provide their required income for life, Walter and Joanne would need about $1.8 million in investments, says adviserReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases...

Source: Financialpost January 30, 2025

Interest rates 'still too high': What economists say about latest Bank of Canada move

Cuts lending rate 25 basis points to 3%The Bank of Canada cut its benchmark lending rate by 25 basis points to three per cent in a move that was widely expected by investors and economists, but what comes next is up in the air given the looming trade war wit...

Source: Financialpost January 30, 2025

Banks cut prime rate to 5.2%, following Bank of Canada's lead

Reduction brings more relief for variable-rate mortgage borrowersRoyal Bank of Canada, Toronto Dominion Bank, Canadian Imperial Bank of Commerce, Bank of Montreal, National Bank of Canada, Desjardins Group, Equitable Bank and Bank of Nova Scotia announced We...

Source: Financialpost January 30, 2025

Canada, Mexico can avoid tariffs with border action, Lutnick says

'If we are your biggest trading partner, show us the respect, shut your border,' says Trump's commerce nomineeUnited States President Donald Trump’s pick to lead the Commerce Department said Mexico and Canada can avoid new tariffs due this weekend if they cl...

Source: Financialpost January 30, 2025

Bank of Canada cuts interest rate to 3% amid trade uncertainty with the United States

Central bank warns economic consequences of a prolonged trade war could be severeThe Bank of Canada cut its policy interest rate by 25 basis points to three per cent on Wednesday, while warning that the economic consequences of a prolonged trade war with the...

Investor Source: Financialpost January 30, 2025

Here's what sectors stand to do well under Donald Trump

Philbrick: 'We'll have to get used to more volatility for less upside'Mike Philbrick, chief executive at ReSolve Asset Management Global, talks with Financial Post’s Larysa Harapyn about what investors should be paying attention to during United States presi...

News Source: Financialpost January 30, 2025

Bank of Canada cuts interest rates: Read the official statement

Reduces key policy rate to three per centHere’s the Bank of Canada’s official statement for its rate decision: We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Bank of Canada cut...

Source: Financialpost January 29, 2025

Diane Francis: An 'existential crisis' of Canada's own making

Canada has remained subordinate to America after generations of unambitious federal leadersIn 1995, I interviewed Matthew Coon Come, who served as grand chief of the Grand Council of the Cree in Quebec. The Cree and Inuit have rights over the northern two-th...

Source: Financialpost January 29, 2025

Snowbirds rush to sell Florida homes as loonie tanks

Risk from natural disasters and cost of living increases are forcing Canadians to reconsider their winter getawayCesidia Cedrone has been soaking up the rays at her Florida condo every winter since 2011. We apologize, but this video has failed to load. Try...

Source: Financialpost January 29, 2025

Trump is threatening allies to send a signal to China, says Freeland

'I would say for President Trump, weakness is a provocation. I think capitulation is not a negotiating strategy with him'Canada can work with United States President Donald Trump’s administration to reshape global trade and weaken China’s dominance of supply...