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Economy Source: Financialpost December 25, 2024

Economists say more room to fall as Canadian dollar continues downward trend

The loonier has been trading below 70 cents U.S. in recent weeksExperts say the next few months are going to be rough for the Canadian dollar as it appears set to continue its downward trend. We apologize, but this video has failed to load. Try refreshing...

News Source: Financialpost December 25, 2024

FP Outlook 2025: Trump using Canada as a 'punching bag,' Mark Warner says

'We will be living with the tariff threat for the next four years'Trade expert Mark Warner of Maaw Law speaks with the Financial Post’s Larysa Harapyn about U.S. president-elect Donald Trump‘s tariff threats against Canada and its trade prospects in the new...

Source: Financialpost December 24, 2024

Young people are rejecting work. Why?

An increase in Neets, who are not in education, employment or training, is exposing grievances about the labour market“I’m considering living in the wild, just trotting around the globe with little money,” reads a post on a Reddit forum for Neets. “I was wor...

Source: Financialpost December 24, 2024

Bank of Canada to trim rates four more times: What economists say about GDP

One forecaster, however, thinks the chances of a pause in January have risenCanada’s economy likely contracted in November, signalling that growth could come in lower than the Bank of Canada’s latest forecast for the final quarter of 2024, economists say....

Source: Financialpost December 24, 2024

Alberta is not entitled to half of CPP fund, says chief actuary

Official assessment puts the percentage closer to 20% to 25% if the province leaves the national plan Get the latest from Barbara Shecter straight to your inbox Sign Up Reviews and recommendations are unbiased and products are independently selected....

Source: Financialpost December 24, 2024

Bank of Canada's decision to cut by half point 'a close call,' deliberations show

The recent fall of the Canadian dollar and its impact on inflation were also considered by policy makersThe decision by Bank of Canada governing council members to cut the policy rate by 50 basis points in December was a “close call,” according to minutes re...

Source: Financialpost December 23, 2024

Liberal Push to Oust Trudeau Gains Momentum in Ontario: CBC

More than 50 Liberal Party members of parliament from Ontario came to a “consensus” during a conference call Saturday that Justin Trudeau must step down as prime minister, the Canadian Broadcasting Corp. reported.(Bloomberg) — More than 50 Liberal Party memb...

Source: Financialpost December 22, 2024

BCE must slash dividend to stage a turnaround, Scotiabank says

Bay Street analyst said Canada’s largest telecom company needs to tackle 'pain point'After a year that sent BCE Inc. shares to a 14-year low, a Bay Street analyst said Canada’s largest telecom company needs to cut its dividend. We apologize, but this vide...

Source: Financialpost December 21, 2024

Posthaste: Bank of Canada end rate still out view as whirlwind year of cuts comes to close

Interest rates, at the top end of policymakers' neutral range, still have a ways to fall, say economists We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Bank of Cana...

Source: Financialpost December 21, 2024

Jack Mintz: Canada can no longer afford a peace dividend 

With Canada already behind the eight ball, a three per cent target would have a profound impact on our federal budgetAs we enter the holiday period, “peace” is very much top of mind. The Finnish celebrate “Christmas Peace” each year to formally announce the...