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News
NYSE loses Sunoco, Energy Transfer to upstart Texas Exchange
2+ day, 22+ hour ago (327+ words) The Lone Star State is quickly growing as a financial hub with major banks expanding their footprint in the state Two energy companies are switching their listings to the Texas Stock Exchange from the New York Stock Exchange in a…...
News of the day: Loonie 'imbalance,' boosting Canadian investment, buying U.S. contract stocks, Empire earnings, best way to use an inheritance and more
2+ day, 8+ 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…...
Inuit-led wind energy project receives $20-million CIB loan
3+ day, 12+ hour ago (241+ words) 'The Hope Bay Wind Project will deliver lasting economic benefits, create career opportunities and reduce reliance on diesel in the Arctic' An Inuit-led renewable energy project that will supply power to Agnico Eagle Mines LTd.’s Hope Bay operation in…...
Canada's tax policy is rotting from underneath. Here's how to fix it in the upcoming budget
4+ day, 17+ hour ago (573+ words) Kim Moody: There's a real difference between genuine tax reform and a grab bag of politically appealing measures A contractor looked at my deck a few years ago and found rotting boards underneath. His fix: sand it down, apply filler…...
This TSX stock was a top gainer with products less vulnerable to U.S. tariffs
1+ week, 1+ day ago (903+ words) Financial Post What National Bank sees as strengths and vulnerabilities for the TSX, which stocks RBC added to its market-weighted portfolio of best ideas and more from The Week in Stocks. Stock of the week: BRP Inc. Shares of BRP…...
Mortgage rates play dead as bond yields hit multi-year highs
1+ week, 1+ 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....
A 50% tariff can't break parts of the U.S. dependence on Canadian cement
1+ week, 2+ day ago (1097+ words) For many U.S. businesses, the costs of tariffed Canadian cement and domestically sourced cement are essentially the same Mark Thompson’s concrete business in northern New York has almost exclusively relied on cement from Canada for nearly half a century. Jefferson Concrete…...
Posthaste: Markets predict three Bank of Canada rates hikes are coming and some economists agree
1+ week, 2+ day ago (699+ words) Rates could rise to 3% from 2.25% by the middle of next year Investors have increased their bets the Bank of Canada will hike interest rates in December and beyond, with rates peaking at three per cent, after the central bank on…...
Bank of Canada holds interest rate at 2.25% as trade war clouds outlook
1+ week, 3+ day ago (96+ words) Financial Post Seventh hold in a row widely expected Bank of Canada held its benchmark interest rate at 2.25 per cent Wednesday for the seventh meeting in a row. The hold was widely expected as a fresh outbreak in the trade…...
News of the day: Bank of Canada expectations, renting-out pays off, income tax rates, immigration system reset, Barton joins Invest in Canada and more
1+ week, 3+ day ago (257+ words) Bank of Canada expected to hold interest rates steady, but renewed trade war muddies economic outlook Canadian economists largely expect the Bank of Canada to keep its overnight rate at 2.25 per cent for the rest of the year, but what…...