Daily News

Source: Financialpost October 08, 2024

Former Bank of Canada official Paul Beaudry sees jumbo rate cut in October

Ex-deputy governor says officials should cut borrowing costs by half a percentage point later this monthAn ex-member of the Bank of Canada’s governing body said officials should cut borrowing costs by half a percentage point later this month. We apologiz...

Source: Financialpost October 08, 2024

David Rosenberg: Housing numbers signal Bank of Canada is still way behind the curve

The real estate boom rate cuts were expected to unleash never happenedThere was an expanding narrative of how the Bank of Canada was going to unleash a fresh wave of housing inflation when it began to cut rates four months ago. The exact opposite has happene...

Source: Financialpost October 06, 2024

David Rosenberg: Canadian home-bias investors need to be whipped into shape

Move out of your comfort zone and expand your horizons if you want to make moneyI was chief economist and strategist for Merrill Lynch Canada in the early 2000s and then in the same role at Gluskin Sheff from 2009 to 2019, and I found that many Canadian inve...

Source: Financialpost October 06, 2024

Homebuyers are waiting for more interest rate cuts, says TRREB

Watch: Chief market analyst Jason Mercer talks about how the Toronto housing market likely won't rebound for another yearJason Mercer, chief market analyst at Toronto Regional Real Estate Board, talks with Financial Post’s Larysa Harapyn about how there is m...

Source: Financialpost October 06, 2024

Canada's banks should prepare for the risk of a failure, says C.D. Howe expert

Watch: Mark Zelmer, a senior fellow with the think tank, says events in other countries mean Canada's banking system shouldn't rest on its reputationMark Zelmer, a senior fellow with the C.D. Howe Institute, talks with Financial Post’s Larysa Harapyn about h...

Source: Financialpost October 05, 2024

Carpenter claims he made $415 million on Tesla, then lost it all

Suing RBC Dominion Securities, RBC Wealth Management and accounting firm Grant ThorntonChristopher DeVocht, a carpenter from Vancouver Island, says he started out like a lot of day traders. After work, he’d read about trading on forums. His favourite things...

Source: Financialpost October 05, 2024

Boomers are giving kids money before they die in ‘dysfunctional’ system

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by MogoXMoka MogoXMoka These pre-transfers of wealth...

Source: Financialpost October 04, 2024

Fixed rates for some mortgages still falling even as bond yields creep higher

Robert McLister: There’s no imminent widescale threat of fixed rates reboundingAfter moving sideways for a few weeks, government bond yields — those things lenders benchmark fixed mortgage rates to — are creeping higher. There’s no imminent widescale threat...

Source: Financialpost October 04, 2024

Posthaste: Canadian dollar gaining ground on world stage in 'veritable landslide of loonies'

As U.S. dollar slides, loonie surges in global FX reserves We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canadian dollar gaining ground on world stage in 'veritabl...

Source: Bankofcanada October 03, 2024

Bank of Canada Board launches process to appoint additional external Deputy Governor

The Board of Directors of the Bank of Canada has initiated a recruitment process to fill a new external Deputy Governor position. The Board has formed a selection co...