Daily News

Source: Financialpost December 26, 2022

Ban on foreign homebuying will carry $10,000 penalty for violations

'Homes should not be commodities' A two-year ban on homebuying by non-Canadians that is set to take effect on Jan. 1 will exempt temporary work-permit holders and international students, subject to some conditions, and will come with the potent...

Source: Financialpost December 26, 2022

Stephen Poloz: Coming recession seen as 'easy ride' compared to past downturns

Watch: Loonie likely to gain ground in 2023 Stephen Poloz, special advisor to Osler and former Bank of Canada governor, talks with Financial Post’s Larysa Harapyn about how a coming recession is seen as an ‘easy ride’ compared to past downturns...

Source: BNN Bloomberg December 24, 2022

U.S. stocks notch gains as traders cheer inflation data

U.S. stocks ended Friday’s session with gains as investors digested data showing inflation is continuing to ease and the Federal Reserve’s rate hikes are serving their purpose.  Sign up to get breaking news email alerts sent directly to your inbox...

Source: BNN Bloomberg December 24, 2022

TSX today: Index up amid gains in energy stocks

Canada's main stock index was up in late-morning trading, led higher by gains in the energy sector, while U.S. stock markets were mixed. Sign up to get breaking news email alerts sent directly to your inbox The S&P/TSX Composite Index was up 53.13...

Source: BNN Bloomberg December 24, 2022

The Week Ahead: U.S. Initial Jobless Claims; U.S. Pending Home Sales

Monday, December 26 Canadian and U.S. markets closed, no live programming BNN Bloomberg is dark Tuesday, December 27 Canadian markets closed, no live programming BNN Bloomberg is dark Notable data: U.S. Advance Economic Indicators Report, S...

Source: Financialpost December 24, 2022

6 invisible ways you're losing money and how to stop

It's hard to keep track of everywhere your money is going — but it pays to try This article was created by MoneyWise. Postmedia and MoneyWise may earn an affiliate commission through links on this page. We apologize, bu...

Source: Financialpost December 24, 2022

Inside Canada's national butter reserve, the government stockpile that ensures you can do your holiday baking

You've probably never heard of it, but without it there'd be a lot fewer Christmas cookies Inside a warehouse in a suburb east of Montreal, there are hundreds of thousands of kilograms of butter, one-pound bricks for grocery stores and 25-kilog...

Economy Source: Financialpost December 24, 2022

Canada's economy is holding up better than expected — and that's not all good news

Signs of resilience bolster the case for the Bank of Canada to increase interest rates again Canada’s economy showed signs of resilience toward the end of the year, potentially bolstering the case for the central bank to increase interest rates...

Retail & Marketing Source: Financialpost December 24, 2022

Hiring for holiday season 'chaotic' as applicants ghost retailers in tight labour market

'One day I had six interviews. Nobody came' Hiring retail sales associates for this year’s holiday shopping season hasn’t been easy for Ana Gamboa. In fact, the associate manager at a Montreal store describes it in one word — “chaotic.”...

Economy Source: Financialpost December 24, 2022

Tiff Macklem reflects on debt, lessons learned and why inflation 'messes up' competition

In an interview with Kevin Carmichael, Macklem talks about the central bank's fight against inflation Financial Post editor-in-chief Kevin Carmichael sat down with Bank of Canada governor Tiff Macklem on Dec. 19, days after the central bank ann...