Daily News

Source: Bankofcanada October 12, 2024

Business Outlook Survey—Third Quarter of 2024

Results of the third-quarter 2024 survey | Vol. 21.3 | October 11, 2024 The Business Outlook Survey was conducted by in-person, video and phone intervi...

Source: Financialpost October 12, 2024

Moment of reckoning for TD fails to lift cloud of uncertainty, analysts say

Decision by U.S. officials to cap bank's growth south of the border will ensure scandal’s shadow lingers Get the latest from Naimul Karim straight to your inbox Sign Up The US$3.1-billion fine levied against Toronto-Dominion Bank by U.S. authorities t...

Source: Financialpost October 12, 2024

Bank of Canada 50-bps-cut not a 'sure thing': Economists on the jobs numbers

Unemployment rate falls, raising doubts about a bigger interest rate cutJobs data for September came in stronger than expected, as the economy created almost double the number of positions forecast by economists, pushing the unemployment rate down to 6.5 per...

Source: Financialpost October 11, 2024

TD pleads guilty to money laundering charges in 'difficult chapter in our bank's history'

Faces a cap on its asset expansion in the U.S. and is being fined about US$3.1 billion Get the latest from Naimul Karim straight to your inbox Sign Up Toronto-Dominion Bank is facing a cap on its asset expansion in the United States and being fined ab...

Source: Financialpost October 11, 2024

Fullscript Acquires Rupa Health

This section is Partnership Content supplied The content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Business Wire Business Wire...

Source: Financialpost October 11, 2024

Mortgage rates below 4% can still be found in some provinces, but get 'em while they're hot

Robert McLister: Sub-4% rates may not last long with rising yields eroding lender profitsWith the U.S. economy outperforming expectations of late, bond yields have shot up like a Gamestop Corp. short squeeze. That’s boosted some of Canada’s leading fixed rat...

Source: Financialpost October 11, 2024

Foreign companies are exiting the oilsands — and maybe investors too

Selloff of Canadian energy stocks by foreign mutual funds and ETFs has more than tripled this year Get the latest from Meghan Potkins straight to your inbox Sign Up Energy giant Chevron Corp.‘s decision to sell US$6.5-billion worth of oil and gas asse...

Source: Bankofcanada October 10, 2024

Bank of Canada to begin publishing web-based Monetary Policy Report

The Bank of Canada will begin releasing its Monetary Policy Report (MPR) as an interactive, web-based publication on October 23, 2024. The quarterly report from the...

Source: Financialpost October 10, 2024

Royal Bank eyes $2 billion debt deal in two parts as demand stays hot

Raised $4.7 billion in a five-part U.S. dollar deal TuesdayRoyal Bank of Canada is sounding out investors for a possible $2 billion bond deal in two parts, according to people familiar with the matter. We apologize, but this video has failed to load. Try...

Source: Financialpost October 10, 2024

Even 50-bps Bank of Canada rate cut could wash over financially stressed consumers, survey suggests

Seven out of 10 Canadians say they feel their cities are unaffordableCanadians are so financially stressed out that the expected relief from a jumbo-sized rate cut by the Bank of Canada could just wash over them, an ongoing survey of people’s outlook suggest...