Daily News

Source: Financialpost June 25, 2024

How Canada's greenwashing rules affect everyone — not just the oilsands

Pathways Alliance says new legislation that prompted it to strip its website will 'silence' other Canadian businesses Get the latest from Naimul Karim straight to your inbox Sign Up A group formed by Canada’s six largest oilsands companies that is wor...

Source: Financialpost June 25, 2024

Next Bank of Canada interest rate cut could hinge on inflation data out this week

Economists are predicting a slight decrease in Tuesday's inflation numbers, giving the central bank further room to cut its policy rateStatistics Canada will release May inflation data on Tuesday and if the numbers show price growth continued to cool, as man...

Source: Financialpost June 25, 2024

Heftier mortgage payments will keep throttling consumer spending long after rates fall

Haider-Moranis: Peak decline in household consumption has yet to materialize, Bank of Canada analysis suggestsBy Murtaza Haider and Stephen Moranis We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other vide...

Source: Financialpost June 25, 2024

Macklem says Canada must invest in its labour force, address productivity challenges

There is room for more investment in jobs — without stoking inflation, Bank of Canada governor saysBank of Canada governor Tiff Macklem says the country must not take its competitive labour market for granted, adding that with inflation much closer to two pe...

Source: Financialpost June 25, 2024

Cheap Canadian oil displaces Iraqi imports on U.S. West Coast

California and Washington are set to import about 150,000 barrels a day of Canadian crudeU.S. West Coast refiners are replacing their heavy Iraqi oil imports with cheaper crude from Canada as the newly expanded Trans Mountain pipeline reshuffles trade flows...

Source: Bankofcanada June 24, 2024

Making the labour market work for everyone

Governor Tiff Macklem talks about how the labour market has adjusted to higher interest rates and slower economic growth. He also discusses how a strong, inclusive...

Source: Financialpost June 24, 2024

Fed interest rate cut could come sooner than markets think, says strategist

Watch Invesco chief global market strategist Kristina Hooper on where markets and the economy are headedKristina Hooper, chief global market strategist at Invesco, talks with Financial Post’s Larysa Harapyn about how markets and economies might react as cent...

Source: Financialpost June 23, 2024

Opinion: Blame Canada’s productivity 'emergency' mostly on slow adoption of innovation

John Ruffolo: We need our private sector and public sector to unite around their complementary strengths, allowing for a true 'Team Canada' approachWhen Bank of Canada senior deputy governor Carolyn Rogers called Canada’s weak productivity growth an “emergen...

Source: BNN Bloomberg June 22, 2024

Hedge fund Arrowpoint lures CPPIB, Temasek unit as anchors

Former Millennium Management Asia executive Jonathan Xiong’s new hedge fund pod-shop has signed up Canada Pension Plan Investment Board (CPPIB) and a unit of Singapore’s Temasek Holdings Pte. as additional backers, according to people familiar with the matter...

Source: BNN Bloomberg June 22, 2024

All roads lead to Nvidia as tech sees record inflows, says BofA

The ongoing artificial intelligence frenzy that briefly made Nvidia Corp. the world’s most valuable company this week also drove record inflows into tech funds, said Bank of America Corp. strategists. About US$8.7 billion flowed into tech funds in the week...