Daily News

Source: Financialpost April 07, 2024

Why the loss of HSBC leaves Canada's mortgage market less transparent

Robert McLister: Borrowers better shop around for the best rate possible because Canada's big banks won't hand it to youHSBC Canada’s mortgage business has taken a permanent vacation. Royal Bank of Canada just gobbled it up in the biggest domestic bank merge...

Source: Financialpost April 07, 2024

RBC Fires CFO Ahn After Probe Into Personal Relationship

Royal Bank of Canada fired its Chief Financial Officer Nadine Ahn after an internal review concluded that she was in an undisclosed close personal relationship with another employee that violated the bank’s code of conduct.(Bloomberg) — Royal Bank of Canada...

Economy Source: Financialpost April 07, 2024

Bank of Canada rate cuts could be delayed by high government spending: Scotiabank

Watch: Derek Holt talks rate cut timing and budget seasonDerek Holt, vice president and head of Capital Markets and Economics at Bank of Nova Scotia, talks with the Financial Post’s Larysa Harapyn about when he expects the Bank of Canada to cut interest rate...

Source: BNN Bloomberg April 06, 2024

The Daily Chase: Unemployment rises, RBC CEO interview

Here are five things you need to know this morning: Jobs numbers: Canada’s job numbers for March landed with a thud this morning, with Statistics Canada reporting that the economy lost about 2,200 jobs last month, and the jobless rate ticked up three point...

Market Call Source: BNN Bloomberg April 06, 2024

Daniel Straus' Top Picks: April 4, 2024

Daniel Straus, managing director at National Bank Financial Market FOCUS: ETFs MARKET OUTLOOK: The first quarter of 2024 turned out positively for U.S. and international stocks, each delivering 10 per cent in the first three months of the year. Eve...

Source: BNN Bloomberg April 06, 2024

Markets today: U.S. stock bull run powers ahead after blockbuster jobs

The stock market ended the week on a positive note after a blowout jobs report signaled the U.S. economy will continue to power Corporate America — even if that means the potential for still elevated interest rates. In a widespread equity advance, the S&P...

Source: BNN Bloomberg April 06, 2024

The Week Ahead: Bank of Canada rate announcement, March home sales

Tuesday, April 9 Earnings: Tilray Wednesday, April 10 Canada Building Permits for February U.S. Consumer Price Index for March Bank of Canada Policy Announcement Bank of Canada Monetary Policy Report 10:30 a.m.: Bank of Canada news co...

Source: Financialpost April 06, 2024

Canada warns Trump 10% tariff risks sparking global retaliation

USMCA trade deal should exempt Canada from plan, ambassador to the U.S. saysDonald Trump’s campaign promise to hike import tariffs could trigger retaliation from other nations including trade partners, Canada’s ambassador to the United States warned....

Source: Financialpost April 06, 2024

Edward Rogers: Why innovation and investment matter for Rogers and for Canada

Building our digital future means thinking in decades, not quartersWhen Rogers Communications Inc. and Shaw Communications Inc. merged one year ago, it wasn’t just the largest deal in Canadian telecom history, it was the coming together of two proud companie...

Source: Financialpost April 06, 2024

Trudeau says news on mortgages is coming in federal budget

Majority of pre-budget announcements have focused on rental housing so farPrime Minister Justin Trudeau said his government will have news to announce on mortgages in Canada in the upcoming April 16 budget, but did not provide further details. We apol...