Financial Insights That Matter GATINEAUQC, June 28, 2024 /CNW/ – Persons with disabilities face significant barriers to financial security, making it hard to cover the costs of today, or save for the expenses of tomorrow. To assist with financial pressures, the Canada Disability Benefit will provide a social safety net between existing federal benefits such […]
Financial Insights That Matter TORONTO (Reuters) – The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points for the second month in row, bringing it down to 4.5%, and said more cuts were likely if inflation continued to cool in line with forecasts. MARKET REACTION: [CAD/] LINK: COMMENTS STEPHEN BROWN, […]
Financial Insights That Matter (Reuters) – Canada’s BlackBerry said on Monday Tim Foote will succeed Steve Rai as chief financial officer, effective immediately, as the cybersecurity company looks separate its internet of things (IoT) and cybersecurity businesses. Foote, who has been with the company for close to a decade, was most recently CFO of the […]
Financial Insights That Matter Stellantis Exec Says Maserati May Be Sold OffMaserati The massive multinational automotive conglomerate Stellantis is apparently on a mission to cut costs. In recent weeks, executives such as CEO Carlos Tavares and CFO Natalie Knight have made public statements that suggest the company could wind up cutting brands that aren’t able […]
Financial Insights That Matter Home bias among investors in Canada may be on the decline, according to a but experts say Canadians are still over-investing at home. (Getty Images) · pictore via Getty Images Home bias among investors in Canada may be on the decline, according to a recent report from Vanguard Canada, but experts […]
Financial Insights That Matter MOSCOW (Reuters) – Russia fined Alphabet’s Google and TikTok on Wednesday for failing to comply with an order from communications regulator Roskomnadzor over banned content, the Moscow courts’ press service said. Moscow’s Tagansky district court fined Google 5 million roubles ($58,038) and TikTok 4 million roubles, the court said, for failing […]
Financial Insights That Matter The Canadian dollar strengthened against the greenback on Monday, and the yield on benchmark government debt slipped. The loonie was trading 0.3% higher at C$1.3834 to the greenback, or 72.29 U.S. cents, after trading in a range of 1.382 to 1.3946. Canadian government 10-year bond yields fell 11 basis points to […]
Financial Insights That Matter The Nissan Frontier Is Getting a 2025 UpdateNissan The latest Nissan Frontier only arrived in 2022, but the mid-size pickup segment is more competitive than it’s been in ages — which means Nissan’s smallest truck is already due for an update. To that end, Nissan is offering a mid-life refresh for […]
Financial Insights That Matter By Fergal Smith TORONTO (Reuters) – Canada’s services economy deteriorated in July as activity and new business declined, while elevated wage costs contributed to increased inflation pressures, S&P Global Canada services PMI data showed on Tuesday. The headline business activity index edged up to 47.3 from 47.1 in June but was […]
Financial Insights That Matter Project will strengthen domestic production of antibody and other protein-based therapies MISSISSAUGA, ON, Aug. 7, 2024 /CNW/ – The Government of Canada continues to strive for innovative solutions and prioritize the revitalization of long-term domestic biomanufacturing capacity, positioning Canada at the forefront of antibody therapeutic development. Today, Charles SousaParliamentary Secretary to […]