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Source: Financialpost July 17, 2024

Posthaste: Gloomy surveys suggest Bank of Canada may have left rate cuts too late

Chances of interest rate cut next week jump to almost 80% We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Gloomy surveys suggest Bank of Canada may have left rate cu...

Source: Financialpost July 17, 2024

Inflation cools ahead of Bank of Canada rate decision

Food and services prices still a bit stickyCanada’s annual inflation rate slowed to 2.7 per cent in June from 2.9 per cent a month earlier, a softening that removes at least one obstacle to another potential Bank of Canada interest rate cut next week. We...

Source: Bankofcanada July 16, 2024

Canadian Survey of Consumer Expectations—Second Quarter of 2024

Results of the second-quarter survey | Vol. 5.2 | July 15, 2024 The Canadian Survey of Consumer Expectations was conducted through an online panel fro...

Source: Bankofcanada July 16, 2024

Business Outlook Survey—Second Quarter of 2024

Results of the second-quarter 2024 survey | Vol. 21.2 | July 15, 2024 The Business Outlook Survey was conducted by in-person, video and phone interview...

Source: Financialpost July 16, 2024

Time to 'play some catch-up:' TSX set to shine in second half of 2024

Watch Greg Taylor of Purpose Investments on buying opportunities and moreGreg Taylor, chief investment officer at Purpose Investments Inc., talks with Financial Post’s Larysa Harapyn about what is happening in markets now. He discusses how lower interest rat...

Source: Financialpost July 16, 2024

Corus warns about its future after devastating loss of Warner TV rights

The media company reported revenue of $332 million in the fiscal quarter ended May 31Corus Entertainment Inc. said it may soon breach its debt covenants and that it’s planning further restructuring as advertising revenue continues to tumble. We apologize...

Source: Financialpost July 16, 2024

Posthaste: The largest trading partnership in the world is being tested

Canada falling behind Mexico as America's No. 1 partner We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: The largest trading partnership in the world is being tested...

Source: Financialpost July 16, 2024

Cleveland-Cliffs to buy Ontario steelmaker Stelco for $3.85 billion

Once called the Steel Company of Canada, Stelco traces its roots back more than 110 yearsCleveland-Cliffs Inc. agreed to buy Canadian steelmaker Stelco Holdings Inc. for about $3.85 billion, in the company’s first major move after losing out in its bid for U...

Source: Financialpost July 16, 2024

Diane Francis: Lavish condo purchased for consul general in New York epitomizes Trudeau's profligacy

Although the apartment isn't meant for the King, it’s fit for a kingLast week was a busy one for Prime Minister Justin Trudeau. Leaks undermining his finance minister surfaced, as did reports that he was courting former Bank of Canada governor Mark Carney. B...

Source: Financialpost July 15, 2024

Rate cut won't improve affordability or increase housing sales, majority of Canadians say in survey

72% believe the cut will have little effect on the housing market overallA significant majority of Canadians do not anticipate improved affordability or increased housing sales as a result of the Bank of Canada’s June rate cut, a new poll by market research...