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News
Carney touts 'new, powerful, confident' Canada to business leaders ahead of summit
17+ hour, 6+ min ago (435+ words) Prime Minister hopes to attract billions in foreign investment as global fund managers descend on Toronto for Canada Investment Summit starting Monday evening Prime Minister Mark Carney touted a “new, powerful, confident, united Canada” to a room full of business…...
News of the day: Loonie 'imbalance,' boosting Canadian investment, buying U.S. contract stocks, Empire earnings, best way to use an inheritance and more
3+ day, 17+ hour ago (234+ words) Trump is angry about the loonie ‘imbalance’: But what does he mean and what can he do about it? PSP aims to boost Canadian investments by at least 30 per cent in coming years, CEO says The Public Sector Pension Investment…...
Trump is angry about the loonie 'imbalance': But what does he mean and what can he do about it?
4+ day, 1+ hour ago (813+ words) U.S. President Donald Trump took aim at the weak loonie, but intervening in currency markets can come at great cost Trump’s comments about a currency “imbalance” appeared to be in reference to the loonie’s relative weakness compared to the greenback, something…...
RBC CEO hoping for a good long-term deal with the U.S., but Canadians showing resilience so far
4+ day, 22+ hour ago (762+ words) 'There's enormous benefit on both sides of the border,' said David McKay The head of Canada’s largest bank hopes Ottawa can eventually strike a long-term deal with Washington, as United States president Donald Trump escalated the ongoing trade war between…...
News of the day: Canada's 'investibility' gaps, Alberta oilpatch merger, rotting tax policy, selling your home at a loss, finding common ground and more
5+ day, 17+ hour ago (226+ words) CPP research says global pension giants find gaps in Canada’s ‘investibility’ ahead of summit Prime Minister Mark Carney hopes to attract billions of dollars from large global institutional investors at the Canada Investment Summit next week, but his government will…...
How worried should variable-rate borrowers be about Bank of Canada rate hikes?
1+ week, 2+ day ago (990+ words) Robert McLister: Here are four situations where policy tightening becomes a real problem Wednesday’s Bank of Canada announcement revealed policymakers may be more hike-prone than markets had assumed. Bond traders noticed the hawkish tilt instantly and priced a pre-Christmas hike…...
Mortgage rates play dead as bond yields hit multi-year highs
1+ week, 2+ day ago (224+ words) Robert McLister: Major lenders appear leery of hiking fixed rates After the Bank of Canada warmed a little more to the thought of rate hikes this week, various government bond yields shot to multi-year highs. Fortunately, mortgage rates did not....
Bank of Canada holds interest rates: Read the official statement
1+ week, 5+ day ago (149+ words) Holds key interest rate at 2.25% Here’s the Bank of Canada’s official statement for its rate decision: The Bank of Canada today held its target for the overnight rate at 2.25 per cent, with the Bank Rate at 2.5 per cent and the…...
Here???s how a growing pool of Canadians are paying off their mortgages
1+ week, 5+ day ago (1302+ words) With housing prices making homeownership a stretch for many, Canadians, especially millennials, are finding ways to offset the cost Alexis Levenson knew she found the perfect house when she saw it: a 1950s-style, semi-detached bungalow with plenty of space and…...
News of the day: Banks eye major projects, U.S. dollar bear market, investing advice, merit-based pay increases, salvaging Canada-U.S. free trade and more
1+ week, 6+ day ago (252+ words) Why Canada’s major projects push has the big banks salivating A decision by Canada’s top banking regulator to reduce the amount of money that the Big Six must keep aside to tackle financial shocks has freed up billions of dollars…...