Opinion: It’s time for a June interest-rate cut. Here’s one more reason

theglobeandmail.com Kevin Yin is a contributing columnist for The Globe and Mail and an economics doctoral student at the University of California, Berkeley. This week’s inflation numbers were…

Posthaste: This 'important driver' of the Canadian dollar is broken, economist says

financialpost.com The long-established link between the Canadian dollar and the price of oil — “an important driver” of the currency — is ruptured, a new analysis suggests and it could have…

Posthaste: Canadian dollar 'caught in the crosshairs' could slip below 70 cents

financialpost.com With the Fed in no hurry to cut rates while other countries near the finish line, the U.S. dollar has surged in the past four months. “With markets punting out Fed cuts but…

Banking regulator warns high interest rates remain the most pressing risk for the year ahead

theglobeandmail.com Canada’s banking regulator is warning that high interest rates and market uncertainty will continue to strain homeowners, consumers and businesses, prompting banks to adjust…

OSFI flags mortgage renewals and real estate lending as top financial risks

financialpost.com Canada’s top bank regulator says the biggest red flags on the country’s financial horizon over the next year are real estate secured lending and mortgage risks. We…

Posthaste: Canada at 'critical turning point' as poverty worsens, warns report

financialpost.com According to the 2024 Poverty Report Cards, almost half of people nationally feel financially worse off than last year and one in four are suffering from food insecurity.…

AIMCo posts 6.9% annual return, but misses benchmark amid real estate headwinds

financialpost.com Alberta Investment Management Corp. (AIMCo) posted an overall return of 6.9 per cent in 2023, despite challenges in its real estate portfolio. The asset manager, which…

Dollar dips vs yen after Fed rules out rate hikes again

staradvertiser.com Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken in June 2022. The U.S. dollar slipped against the yen…

Canada's inflation rate falls for fourth straight month

financialpost.com Canada’s annual rate of core inflation eased for a fourth straight month, bolstering a case for policymakers to begin an easing cycle in the coming months, but a slight…

Statistics Canada to release April inflation numbers

financialpost.com The Royal Bank of Canada is forecasting prices were 2.7 per cent higher in the month Economists expect Canada’s annual inflation rate fell slightly last month from 2.9 per…

Food driving inflation lower, but groceries much more costly than a few years ago

theglobeandmail.com Food inflation may be down from its highs, but prices at the grocery store are still significantly higher than they were just a few years ago. Statistics Canada reminded…

Inflation cools to 2.7% in April, increasing odds of a summer interest rate cut

theglobeandmail.com Canada’s inflation rate is cooling and bespoke measures of consumer price growth are also on the wane, bolstering the case for the Bank of Canada to start cutting interest…

Inflation data 'all clear' for Bank of Canada interest rate cut in June, economists say

financialpost.com “At the time of the April interest rate decision, the Bank of Canada Governor stated that policymakers were encouraged by recent subdued inflation readings, but needed those…

Canadian dollar weakens as inflation data give boost to June rate cut bets

theglobeandmail.com The Canadian dollar CADUSD weakened to a one-week low against its U.S. counterpart on Tuesday as investors raised bets on a June interest rate cut by the Bank of Canada…

Economists to have a close eye on April inflation report as BoC rate decision nears

theglobeandmail.com Forecasters expect this week’s inflation report to show Canada’s inflation rate fell last month, but financial markets are still unsure whether a June interest rate cut is…

Live updates: Statistics Canada to release its April inflation report today

theglobeandmail.com The latest on inflation in Canada Statistics Canada will publish its April inflation report at 8:30 a.m. ET. The consensus estimate on Bay Street is that the Consumer Price…

Statistics Canada to release April inflation report today

theglobeandmail.com Statistics Canada is set to release its April consumer price index report this morning. Economists expect Canada’s annual inflation rate fell slightly last month from 2.9…

Canada's immigration dilemma

financialpost.com Canada's immigration dilemma — not enough homes or not enough workers Caps on newcomers could ease the housing crunch but fuel labour shortages and inflation, says economist…

Bank of Canada ‘committed to finishing the job’ on inflation, Macklem says

financialpost.com Bank of Canada ‘committed to finishing the job’ on inflation, Macklem says Share this Story : Bank of Canada ‘committed to finishing the job’ on inflation, Macklem says Get…

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

financialpost.com Bank of Canada rate cuts could be delayed by high government spending: Scotiabank Share this Story : Bank of Canada rate cuts could be delayed by high government spending:…

Posthaste: Canadian dream of owning a home is fading for a whole generation

financialpost.com Yet for many millennials and gen z that dream is fading because of a “perfect storm” of challenges that is making it harder for them to get on the property ladder than…

Canada's big banks weathering the storm as credit strain mounts

financialpost.com All but one of the big six beat expectations despite growing loan loss provisions Get the latest from Barbara Shecter straight to your inbox Canada’s largest banks took…

Why this alternative lender's CEO isn't afraid of the mortgage cliff

financialpost.com Can Canadians survive the mortgage-renewal cliff? It’s a question that gained urgency in 2023 as economists and policymakers contemplated the impact that the millions of…

Are Canada's big banks just playing it safe or is there more trouble ahead?

financialpost.com Are Canada’s big banks just taking their usual conservative approach or are there signs of more trouble ahead in the sector? We apologize, but this video has failed to load.…

Opinion: Opening our company took nearly four times longer here than in the U.S. Why?

theglobeandmail.com Andrew Auerbach and Jean Blacklock are contributing columnists for The Globe and Mail. They are co-founders of Delisle Advisory Group, an independent wealth-management firm…

Things are changing in cottage country: Nine Canadians share the financial pros and cons of ownership

theglobeandmail.com For many Canadians, the Victoria Day long weekend is the first one of the year when they drive to the cottage. It’s time to flip on the utilities, drag out the kayaks and…

David Rosenberg: Time for Macklem to turn before it's too late

financialpost.com In contrast to the United States Federal Reserve, the Bank of Canada is running out of excuses to keep from acting as the proverbial deer in the headlights. The economy here…

Lack of investment is a 'big part' of Canada's productivity slowdown

financialpost.com Lack of investment is a 'big part' of Canada's productivity slowdown — and it could get worse Business leaders say the capital gains tax hike in the latest budget will only…

Rising oil prices may affect timing of Bank of Canada rate cuts, economists say

financialpost.com Oil prices reached their highest levels in five months this week, and economists say that could make the Bank of Canada a “little concerned” as it figures out the right time…

The winners and losers as the loonie keeps flying south

financialpost.com The Canadian dollar looks set to take a dive this summer, or at least to remain weak for some time to come. We apologize, but this video has failed to load. tap here to see…

Canada to dodge recession, but economy remains fragile

financialpost.com Watch: Dawn Desjardins of Deloitte Canada talks about the economy and the Bank of Canada THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news…

Eliminating carbon tax would only have 'temporary' effect on inflation, Macklem says

financialpost.com Eliminating the carbon tax would lead to a one-off drop in inflation, but the effect would only be temporary, Bank of Canada governor Tiff Macklem told a parliamentary…

Tiff Macklem defends Bank of Canada's two per cent inflation target

financialpost.com Bank of Canada Governor Tiff Macklem defended the central bank’s two per cent inflation target as the key benchmark for setting interest rates on Wednesday under questioning…

Posthaste: Capital gains tax hike will hit more Canadians than we thought

financialpost.com Their report identifies three sectors that have been “consistently at the sharp end of the political stick” — banking, energy and communications. It’s significant that these…

David Rosenberg: Why the Bank of Canada needs to start cutting rates … Now

financialpost.com The most important inflation metric, the CPIX, which excludes the eight most volatile segments of the index, is running at 2.1 per cent on a year-over-year basis. That is…

Teranet-National Bank composite house price index held steady in April

theglobeandmail.com The Teranet-National Bank composite house price index which tracks home prices in 11 of Canada’s largest cities remained stable from March to April. National Bank Financial…

Canada’s living standards alarmingly on track to be the lowest in 40 years: study

nationalpost.com If Canada’s per-capita gross domestic product does not recover in 2024, the decline since mid-2019 may be the longest in the last four decades, a new study has found. We…

CIBC’s Benjamin Tal was one of the few to correctly predict the BoC’s rate moves so far this year. Here is what he’s forecasting now

theglobeandmail.com Major North American equity indexes are at or near record highs. With the earnings season largely behind us, investors will be focusing on economic data and announcements by…

Bank of Canada warns of systemic risk as hedge funds ramp up borrowing to profit from falling rates

theglobeandmail.com Shortly after the Bank of Canada released its latest financial stability report last week, Brian D’Costa started getting calls from worried clients. They were concerned…

The Most Splendid Housing Bubbles in Canada: Spring Rally Fizzles, Prices -14% from Peak in Feb 2022, Below Sep 2021

wolfstreet.com New listings rise, inventory does 2nd biggest jump on record. Toronto prices -15% from peak, but Vancouver only -3.4%, Calgary sets new high. Home prices in Canada were…

Posthaste: This cratering GDP number has only ever been seen during a recession

financialpost.com Statistics Canada data released Tuesday showed the economy grew 0.2 per cent for the month — below analysts’ estimates of 0.3 per cent and StatsCan’s own advanced forecast…

Posthaste: Canadians put off plans to buy a home until the Bank of Canada cuts rates

financialpost.com A survey by the Bank of Montreal revealed this week that 72 per cent of aspiring homeowners are waiting for the Bank of Canada to cut interest rates before buying. Canadians…

Trade With U.S. Helped Canada Avoid Recession

barrons.com Canada's economy would have likely recorded two consecutive quarters of negative growth were it not for a strong U.S. economy, economists at TD Bank told clients in an…

Posthaste: The Bank of Canada should watch this 'hurdle' to rate cuts like a hawk

financialpost.com Bank of Montreal’s chief economist Douglas Porter called the back-pedalling on a June cut “kneejerk,” in a note last Friday, though he did acknowledge the surprise addition…

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

financialpost.com 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…

TD, RBC data point to slowing household spending in Canada

financialpost.com Consumer spending has continued to show signs of weakness over the past two months Toronto-Dominion Bank and Royal Bank of Canada use their proprietary credit and debit card…

Pressure building on Bank of Canada: What economists say about slowing GDP

financialpost.com Statistics Canada is predicting gross domestic product growth will be flat in March after data released Tuesday showed the Canadian economy slowed more than expected in…

‘Welcome news’ on inflation raises odds Bank of Canada will cut interest rate in June

financialpost.com Canada’s inflation rate picked up slightly in March to 2.9 per cent from 2.8 per cent in February, Statistics Canada said Tuesday, but the consumer price index (CPI) release…

Canada's inflation rate ticks up to 2.9% on higher gas prices

financialpost.com “We’re almost there, with just one more step to go,” Canadian Chamber of Commerce senior economist Andrew DiCapua said in response to the data release. Statistics Canada…

Canadian dollar sticks to tight trading range ahead of key U.S. inflation report

theglobeandmail.com The Canadian dollar CADUSD steadied against its U.S. counterpart on Tuesday, with the currency unable to break out of its recent trading range ahead of a key U.S. inflation…

Canada's economy is losing momentum

financialpost.com The growth was lower than the government agency’s previous estimate — made in March — of 0.4 per cent, and analyst expectations of 0.3 per cent. Statistics Canada predicted…

Oil prices could breach $100 as Middle East conflict turns more dangerous, analysts warn

financialpost.com After reaching its highest price since October, oil could rise even further and possibly breach the US$100 mark this year if tensions in the Middle East continue to…

Inflation likely rose in March, but not enough to change Bank of Canada's direction

financialpost.com Canadian inflation likely reaccelerated in March, but not by enough to throw the Bank of Canada off course, economists say. We apologize, but this video has failed to load.…

Canadian dollar could 'crater' if Bank of Canada cuts faster and deeper than the Fed, say economists

financialpost.com The Canadian dollar could be in for a rough ride if the Bank of Canada cuts interest rates sooner and deeper than the Federal Reserve, a scenario that economists suggest is…

Canada's productivity 'emergency' and the role newcomers play

financialpost.com Ever since the federal government announced its decision to place caps on temporary residents, economists have been talking about how the move could potentially compel…

Posthaste: How Canada could have avoided the mortgage payment shock now ripping through the economy

financialpost.com Right now, Canada’s mortgage market is concentrated in fixed-rate mortgages of up to five years. Longer terms do exist, but they are a tiny fraction of the market.…

An often overlooked jobs indicator reveals deep cracks in Canada’s labour market

financialpost.com Canada’s job market is less robust than the country’s most closely watched employment indicator suggests. We apologize, but this video has failed to load. tap here to see…

Global Central Banks Extend Crypto Regulation Deadline: The Real Reason Behind the Delay

coinpedia.org Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010.…

Breaking: Central Bank Group Extends Crypto Regulation Deadline

coingape.com The Group of Central Bank Governors and Heads of Supervision (GHOS), the supervisory body of the Basel Committee on Banking Supervision, has just set a new deadline for the…

'Crying out for relief': Bank of Canada to cut rates more sharply than Fed, says CIBC

financialpost.com Share this Story : 'Crying out for relief': Bank of Canada to cut rates more sharply than Fed, says CIBC THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read…