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Source: Financialpost April 19, 2024

Posthaste: Pain of Canadians' mortgage payment shock is not over — not by a long shot

These economists see ballooning mortgage payments dragging economy into recession We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Pain of Canadians' mortgage paym...

Source: Financialpost April 19, 2024

‘Don’t drag your feet’: Some cottage owners face big decision after budget's tax change

Capital gains tax on annual amounts over $250,000 to rise after June 25Canadians who own cottages and other recreational properties may be contemplating their options after Tuesday’s federal budget raised the capital gains tax on annual amounts in excess of...

Source: BNN Bloomberg April 18, 2024

Markets today: S&P 500 suffers its longest slide since January

The stock market suffered its longest losing streak since January as a handful of big techs sold off — despite a slide in bond yields. Equities fell for a fourth straight day, with the S&P 500 extending a drop from its all-time high to more than 4 per cent...

Source: BNN Bloomberg April 18, 2024

Ontario Teachers' said to weigh $5 billion sale of Amica Senior

Ontario Teachers’ Pension Plan is exploring a sale of luxury senior-living residences Amica Senior Lifestyles, which could be valued at about $5 billion (US$3.6 billion), according to people familiar with the matter.  Ontario Teachers’ is working with advi...

Source: Financialpost April 18, 2024

Why big banks and pension giants are likely breathing easier after the Liberal budget

Ottawa lays out next steps for competitive open banking and persuading pensions to invest more of their billions at home Get the latest from Barbara Shecter straight to your inbox Sign Up Businesses and wealthy Canadians will be paying higher taxes bu...

Source: Financialpost April 18, 2024

Bjorn Lomborg: Why solar and wind power aren’t winning

All-in costs too high once you count fossil fuel and battery backups, land requirements and damage their equipment doesWe are constantly being told that solar and wind are now the cheapest forms of electricity. Yet governments around the world felt they had...

Source: Financialpost April 18, 2024

'Very troubling for many investors': Bill Morneau takes aim at capital gains tax hike

Rejected idea when he was finance minister on worries move would stunt Canada’s economic growthReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on t...

Source: Financialpost April 18, 2024

Jack Mintz: David Dodge wasn't wrong, this federal budget is 'one of the worst in decades'

Chrystia Freeland's budget fails to address the biggest problem facing Canada — our declining standard of livingDavid Dodge, former deputy finance minister and governor of the Bank of Canada, said before the 2024 federal budget was presented that it would “l...

Source: BNN Bloomberg April 17, 2024

Markets today: U.S. two-year yield hits 5% after Powell’s remarks

  The world’s biggest bond market remained under pressure, the dollar rose and stocks wavered after Jerome Powell signaled policymakers are in no rush to cut interest rates. Speaking Tuesday, the U.S. Federal Reserve chief said it will likely take longe...

Source: BNN Bloomberg April 17, 2024

Canada taps ex-BOC governor to examine how pension funds invest

Canada’s finance minister has asked former central bank governor Stephen Poloz to examine ways to entice its pension funds to invest more in the country. Poloz will lead a “working group” that will look at what it will take to get Canadian pensions to put...