Daily News

Economy Source: Financialpost August 31, 2024

Economy beats Bank of Canada forecast with 2.1% growth

Fastest growth since the first quarter of 2023The Canadian economy grew at a faster-than-expected annualized pace of 2.1 per cent in the second quarter of the year, but early indications point to a loss of momentum going into the third quarter. We apolog...

Source: Financialpost August 30, 2024

Cannabis retailer Tokyo Smoke to close 29 stores amid creditor protection proceedings

The closures are part of a restructuring the brand is carrying outTORONTO — Cannabis retailer Tokyo Smoke says it will be shuttering 29 of its stores as it seeks creditor protection. We apologize, but this video has failed to load. Try refreshing your br...

Source: Financialpost August 30, 2024

Shell to cut 20% of jobs in some oil and gas divisions

The proposed moves are pending engagement with groups that represent employeesShell Plc is set to cut around 20 per cent of its workforce in some oil and gas exploration and development divisions as chief executive Wael Sawan works to boost efficiency and pr...

Source: Financialpost August 30, 2024

Borrowing to invest? The CRA just clarified the rules on interest deductibility

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 August 30, 2024

As rates come down, five-year fixed mortgages vie for the crown

Robert McLister: Happy long weekend to floating rate holders as a Bank of Canada cut next week is virtually guaranteedA slew of fixed-rate mortgages got cheaper this week, including the uninsured four-year fixed and the insured one-, three-, and four-year fi...

Source: Financialpost August 29, 2024

RBC posts 'standout quarter' on profit beat, but CEO warns economic uncertainty lurks

Company records higher results in almost all segments Get the latest from Naimul Karim straight to your inbox Sign Up Shares of Royal Bank of Canada hit new all-time highs on Wednesday after Canada’s largest lender reported higher profits and beat ana...

Source: Financialpost August 29, 2024

Conservatives Gain in Tight BC Election Race as Rival Party Disintegrates

The political party that governed British Columbia for 16 years at the start of this century has withdrawn from its election after a collapse in its poll numbers.(Bloomberg) — The political party that governed British Columbia for 16 years at the start of th...

Source: Financialpost August 29, 2024

Housing market rebound likely a year away

Watch: Real estate expert John Pasalis provides an update on the state of Canada's market and how future interest rate cuts could affect itJohn Pasalis, president of Realosophy Realty, talks with Financial Post’s Larysa Harapyn and gives an update on the sta...

Source: Financialpost August 28, 2024

Air Canada offers rebooking flexibility for flights around possible strike date

Airline says progress has been made in negotiations with pilotsMONTREAL — Air Canada is offering passengers who have booked flights around the date of a possible pilot strike next month some increased flexibility in rebooking their travel. We apologize,...

Source: Financialpost August 28, 2024

Joe Oliver: The uncanny parallels between Trudeau and Harris

Each came to national leadership largely untested. They share the same views. He was sunny, she's joyful. Will she do better than he did?After receiving the backroom blessing of Democratic Party powerbrokers, Kamala Harris quickly closed the presidential pol...