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Source: Financialpost December 08, 2024

Canadian Western Bank plunges as results delayed with no explanation

Shares of the Alberta-based bank dropped as much as 12%Canadian Western Bank shares sank after the firm delayed its fiscal fourth-quarter earnings release Friday morning and left investors guessing why. We apologize, but this video has failed to load. Try...

Source: Financialpost December 07, 2024

Canadian dollar slumps to near 5-year low as traders bet on big Bank of Canada cut

Surging unemployment rate pushes traders to ramp up bets for a half-point interest-rate cut next weekCanada’s dollar weakened toward its worst closing level in almost five years and bond yields fell as a surging unemployment rate pushed traders to ramp up be...

Source: Financialpost December 07, 2024

Posthaste: Scotiabank economist issues warnings for Canada's tardy federal budget update

Timing of fiscal refresh unknown with some saying it could land post-Christmas as rumours 'swirl' it won't come at allCanada’s fall fiscal calendar has a significant event missing from it. We apologize, but this video has failed to load. Try refreshing yo...

Source: Financialpost December 07, 2024

Canada's unemployment rate rises to 6.8%, raising odds of jumbo interest rate cut

Jobless rate at its highest since January 2017, excluding the pandemicCanada’s unemployment rate rose to 6.8 per cent in November, raising the odds of a 50-basis point cut by the Bank of Canada next week, according to some economists. We apologize, but th...

Source: Financialpost December 07, 2024

50 bps Bank of Canada rate cut 'seems more likely': Economists on the jobs numbers

This is the last major data before the central bank decides on interest rates next weekNovember’s job numbers — the final piece of data the Bank of Canada is waiting on to help inform its interest rate decision next week — showed the economy gained 51,000 po...

Source: Financialpost December 07, 2024

Where the heck is my wedding dress? And other burning questions about the Canada Post strike

With the holidays fast approaching, the number of parcels that remain unprocessed continues to growWhile Canada Post and the Canadian Union of Postal Workers try to find their way back to the negotiating table, the impact of their standoff continues to rippl...

Source: Financialpost December 06, 2024

Retailers facing 'dire times' during this holiday season

Watch Retail Council of Canada CEO Diane Brisebois on the impact of the Canada Post strike, GST holiday and moreDiane Brisebois, chief executive of the Retail Council of Canada, talks about the challenges retailers face in a ‘perfect storm’ this holiday seas...

Source: Financialpost December 06, 2024

'Everything is on the table:' TD Bank suspends financial targets as it reviews strategies in wake of U.S. sanctions

Bank reported a fourth-quarter profit, but didn't meet analyst expectations Get the latest from Naimul Karim straight to your inbox Sign Up Toronto-Dominion Bank has suspended its medium-term financial targets as it looks to undergo a “broad and detai...

Source: Financialpost December 06, 2024

Oil Patch in Canada Has $24 Billion Shield Against Trump Tariffs

The expansion of Canada’s Trans Mountain pipeline represented a $24 billion bid to help the country’s oil producers reduce their near-total reliance on the US market. That’s a bet that may pay off sooner than expected if President-elect Donald Trump follows...

Source: Financialpost December 06, 2024

Size of next Bank of Canada rate cut a 'close call': Desjardins

Jimmy Jean: Bank of Canada wants to cut, but needs to be careful on inflationJimmy Jean, vice-president and chief economist at Desjardins Group, talks with the Financial Post’s Larysa Harapyn about Canada’s “mixed bag” economy and whether the Bank of Canada...