CashNews.co Canada’s labour market added a net 14,500 jobs in October, falling short of economist expectations, while the unemployment rate held steady at 6.5 per cent, according to Statistics Canada data released on Friday. Analysts polled by Reuters had expected a net addition of 25,000 jobs, and the unemployment rate to tick up to 6.6 […]
CashNews.co The provincial government has removed the entire board of the Alberta Investment Management Corporation (AIMCo), saying its ballooning costs demand intervention. In a statement Thursday afternoon, the province announced it will “reset” the focus of the government-owned pension management fund, and will be appointing a new board chair within 30 days. The province’s statement says the move comes […]
CashNews.co Canadian Tire (CTC-A.TO) reported a profit increase in its latest quarter, despite constrained consumer spending and a confidence level that the company’s CEO says “is the lowest we’ve seen in a long time.” “Economic factors like cost of living and unemployment have continued to constrain consumer spending. At the same time, consumer sentiment, or […]
CashNews.co The Bank of Canada (BoC) may need to “tread a bit more cautiously” on interest rate cuts in light of Donald Trump’s victory in the U.S. presidential election and a consequent rise in uncertainty, economists and experts say. Trump’s win has already been resonating through global equity and currency markets, and the potential impact […]
CashNews.co TORONTO (AP) — Canada announced Wednesday it won’t block access to the popular video-sharing app TikTok but is ordering the dissolution of its Canadian business after a national security review of the Chinese company behind it. Industry Minister François-Philippe Champagne said it is meant to address risks related to ByteDance Ltd.’s establishment of TikTok […]
CashNews.co As the Canadian market navigates a period of economic transition, the cooling labor market and anticipated rate cuts by both the Federal Reserve and Bank of Canada present a potentially favorable environment for small-cap stocks on the TSX. In this context, identifying small-cap companies with strong fundamentals and insider buying can be an attractive […]
CashNews.co The Canadian flag is blown by wind on Centre Island in Toronto in September. According to Google Trends, searches for “move to Canada” spike in election years, and were up again Wednesday. Angie Wang/Associated Press Election Day is over in America. The results are in — and they have a lot of people thinking […]
CashNews.co Bank of Canada deputy governor Carolyn Rogers is cautioning policymakers against “tinkering” with the mortgage market in an effort to improve housing affordability, warning that over-reliance on such measures could have long-term negative impacts. Recently, the federal government introduced new mortgage rules, including expanding 30-year amortizations to all first-time homebuyers and to all buyers […]
CashNews.co GW Gowling WLG More Gowling WLG is an international law firm built on the belief that the best way to serve clients is to be in tune with their world, aligned with their opportunity and ambitious for their success. Our 1,400+ legal professionals and support teams […]
CashNews.co The rally for stocks and crypto following Donald Trump’s U.S. election win is a head fake that diverts attention away from several investing and personal finance pain points ahead. Mr. Trump is seen as better for stocks than Democrat candidate Kamala Harris, and he’s thought to be a booster of crypto currency. The S&P […]