Daily News

Source: Financialpost December 08, 2023

Ottawa orders emissions cuts of up to 38% for oil and gas companies

Caps a historic first for a fossil-fuel producing country, energy minister saysCanada will require its oil and gas industry to cut emissions to 35 per cent to 38 per cent below 2019 levels in six years in what the government is calling a historic first for a...

Source: Financialpost December 08, 2023

Plummeting bond yields could mean lower mortgage rates by spring, say industry watchers

Bond market is signalling that interest rate cuts are on the wayTwenty months after the Bank of Canada launched one of the most intense interest-rate hiking cycles on record, the bond market is indicating that cuts are on the way. We apologize, but th...

Source: Financialpost December 08, 2023

Tax numbers for 2024 are in and inflation has pushed them substantially higher

Jamie Golombek: The new numbers you need to know, including tax brackets, CPP contributions, TFSA limit and moreReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made t...

Market Call Source: BNN Bloomberg December 07, 2023

Daniel Straus' Top Picks: December 6, 2023

Daniel Straus, managing director, National Bank of Canada Financial Markets FOCUS: ETFs and financial products research  MARKET OUTLOOK: As ETF investors round the bend into year-end, they may be doing so with risk appetites a notch above the cauti...

Source: BNN Bloomberg December 07, 2023

Analysts lower ratings on Shopify after investor day

Analysts have downgraded their ratings of Shopify Inc. following its investor day.  On Tuesday, the Ottawa-based e-commerce firm held its investor day, which included presentations from key executives at the company. In a note Wednesday, a team of analysts...

Source: BNN Bloomberg December 07, 2023

Markets today: global bonds power ahead as dovish bets take hold

The rally in bonds around the globe gained further traction, with soft economic readings in both the U.S. and Europe fueling speculation that major central banks will cut rates in the year to come. Just two days ahead of the U.S. jobs report, data showed t...

Source: BNN Bloomberg December 07, 2023

TSX recap: Index finishes slightly lower amid losses in energy stocks

Canada's main stock index was down more than 100 points on Wednesday, dragged lower by losses in energy as oil sank below US$70 a barrel, while U.S. markets were also down.  The S&P/TSX Composite Index closed down 101.72 points, or 0.5 per cent, at 20,274....

Source: Bankofcanada December 07, 2023

What population growth means for the economy and inflation

Speaking a day after we decided to hold interest rates steady at 5%, Deputy Governor Toni Gravelle discusses immigration, inflation and the role that newcomers play...

Source: Financialpost December 07, 2023

Azerbaijan Warns of War Risks From Weapons Supply to Armenia

Azerbaijan’s President Ilham Aliyev on Wednesday warned France and India against providing Armenia with weapons he deems a threat, saying such supplies could trigger a new war in the region.(Bloomberg) — Azerbaijan’s President Ilham Aliyev on Wednesday warne...

Source: Financialpost December 07, 2023

Posthaste: Canadians missing mortgage payments as credit card debt hits $113-billion record

Total consumer credit rose to $2.4 trillion in Q3, Equifax says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canadians missing mortgage payments as credit card...