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Source: Financialpost August 10, 2024

Reports of a 'mortgage renewal cliff' have been greatly exaggerated

It’s high time to dial down the dramaFew real estate stories have had more hype in the last year than the dreaded real estate stories, a.k.a. “mortgage renewal cliff,” “mortgage renewal wall,” or whatever other ominous-sounding metaphor commentators came up...

Source: Financialpost August 10, 2024

Lenders cut rates following supersized drop in funding costs

Leading insured five-year fixed rates just dipped to 4.29% — a 16-month lowIt’s rate cuts galore this week as lenders play catch-up to the supersized drop in funding costs. We apologize, but this video has failed to load. Try refreshing your browser, ort...

Source: Financialpost August 10, 2024

Posthaste: Canadian home prices will experience 'sizable pullbacks' in cities you might not expect

Affordability and higher interest rates to bite in the second half of year, says Oxford Economics We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canadian home price...

Source: Financialpost August 10, 2024

CRA wins in court as woman fails to justify RRSP overcontribution

Ordered to pay penalty and tax agency's costsReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. No one likes paying tax on investment in...

Source: Financialpost August 09, 2024

Trudeau's temporary resident cap could hurt the economy, business groups warn

A surge in temporary residents pushed Canada’s population growth rate to 3.2%, one of the world’s fastestCanada’s independent business advocate says Prime Minister Justin Trudeau’s plan to reduce temporary immigration risks dire economic consequences, unders...

Source: Financialpost August 09, 2024

Air Canada blames Paris Olympics for hurting sales this summer

Canada's biggest airline reports 47% profit drop, stung by softening demand in key marketsAir Canada reported a 47 per cent decline in quarterly profit, stung by softening demand in key markets including France, which some travellers are avoiding this summer...

Source: Financialpost August 09, 2024

Restaurant Brands International beats analysts’ expectations, thanks to Tim Hortons

Consumers around the world are pulling back from dining out as they cope with elevated pricesRestaurant Brands International Inc. released its second quarter earnings Thursday, beating analysts’ expectations thanks to the strong performance of its Tim Horton...

News Source: Financialpost August 09, 2024

Posthaste: Canada is in the grips of a 'Me-cession' — and it's especially bad in Alberta

The economy has managed to dodge a recession, so why are we behaving like we're in one? We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canada is in the grips of a '...

Source: Bankofcanada August 08, 2024

Bank of Canada engages experts to assess internal review of exceptional policy actions during pandemic

The Bank of Canada announced today the names of three external experts who will provide an independent assessment of its review of exceptional policy actions taken d...

Source: Financialpost August 08, 2024

Britain to announce plans to create 'Canadian-style' pension model

Chancellor in Toronto today to meet bosses of Canada's big pension plansChancellor Rachel Reeves will meet bosses of big pension schemes in Toronto on Wednesday, as she seeks to create a “Canadian-style” model in the United Kingdom with massive retirement fu...