Daily News

Source: Financialpost September 20, 2024

Taxpayers are still fighting the CRA over pandemic benefits — and losing

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 BMO Global Asset Management BMO Global Asset Managem...

Source: Financialpost September 20, 2024

TD CEO Bharat Masrani to retire, bank names successor

Canadian personal banking head Raymond Chun will take over the helm Get the latest from Naimul Karim straight to your inbox Sign Up Bharat Masrani will retire as the chief executive of the Toronto-Dominion Bank in April next year after spending more t...

Source: Financialpost September 20, 2024

B.C. and First Nations reach deal to sell 2,600 condos at 60% of market value

The agreement would sell one-, two- and three-bedroom units in a 99-year-leaseVANCOUVER — An agreement between First Nations and the British Columbia government will see thousands of homes made available in Vancouver at 40-per-cent below cost. We apologi...

Source: Financialpost September 20, 2024

Trans Mountain pipeline has the tanks at Cushing, Oklahoma running dry

Inventories at this key crude hub at the lowest in a decade for this time of yearOil-storage tanks at a key United States crude hub have drained to near their bottoms as a massive new pipeline in Canada diverts flows elsewhere, muddying market signals that t...

Source: Bankofcanada September 19, 2024

Getting to a monetary policy decision

External Deputy Governor Nicolas Vincent gives a behind-the-scenes look at how the Bank of Canada’s Governing Council arrives at its monetary policy decisions....

Source: Financialpost September 19, 2024

Faster cuts and slower cuts both on table for Bank of Canada, deliberations show

The governing council fretted that the economy and employment might not pick up as anticipatedThe Bank of Canada is carefully weighing both upside and downside risks to the economy as it attempts to calibrate the pace of interest rate cuts, according to a su...

Source: Financialpost September 19, 2024

Bank of Canada to cut deeper and faster, predicts Desjardins' Jimmy Jean

Watch chief economist on what this week's inflation data means to interest ratesJimmy Jean, chief economist at Desjardins Group, talks with Financial Post’s Larysa Harapyn about how this week’s inflation data and what it means to the Bank of Canada interest...

Source: Financialpost September 19, 2024

Federal Reserve cuts interest rate by 50 basis points, signalling end to inflation fight

Policymakers signal another half-point cut this yearWASHINGTON — The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also m...

Source: Bankofcanada September 18, 2024

Summary of Governing Council deliberations: Fixed announcement date of September 4, 2024

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on September 4, 2024. This summary reflect...

Source: Financialpost September 18, 2024

The ranks of the uber-wealthy are booming: here's how many are in Canada

Canada’s centi-millionaire numbers have soared by 42%, a new report showsThe world’s centi-millionaires — individuals with liquid investable assets of US$100 million or more — have ballooned by 54 per cent over the past decade, a new report shows. We apo...