CashNews.co The financial market believes the Bank of Canada will cut its policy rate to 2.75 per cent by June 2025, before holding it there for the remainder of 2025 and into 2026, according to a survey released by the central bank on Monday. The quarterly survey was conducted Sept. 18-27 and is based on […]
CashNews.co The Retail Payment Activities Act (RPAA) becomes effective on Nov. 1, 2024. This new legislation mandates that payment service providers (PSPs) register with the Bank of Canada by Nov. 15, 2024, a process that entails submitting detailed information about business operations, risk management practices and safeguarding measures for end-user funds. In the overview below, […]
CashNews.co BCE’s (BCE.TO) share price plummeted on Monday following its announcement of the acquisition of U.S. internet provider Ziply Fiber, with analysts at Scotia Capital calling it a “perplexing transaction.” Scotia Capital analyst Maher Yaghi expressed doubt about the $5 billion deal, which BCE says it will largely fund with the proceeds from the $4.2 […]
CashNews.co Canada in some ways is a tale of two economies. On the surface, it looks like household finances have never been stronger, with savings at record levels, says Royal Bank of Canada economist Carrie Freestone in a recent report. “But under the surface there are clear signs that the average Canadian consumer is suffering,” […]
CashNews.co Media Advisory – Financial Literacy Month HALIFAX, NS, Nov. 4, 2024 /CNW/ – Three of the top financial concerns among Atlantic Canada residents: 1. 77%: Concerned about balancing today’s expenses versus building my savings2. 66%: Worried about my cash flow3. 57%: More anxious about my financial futureSource: RBC 2024 Financial Independence Poll RBC advice: […]
CashNews.co Media Advisory – Financial Literacy Month TORONTO, Nov. 4, 2024 /CNW/ – Three of the top financial concerns among Canadians: 1. 77%: Concerned about balancing today’s expenses versus building my savings2. 64%: Worried about my cash flow3. 48%: More anxious about my financial futureSource: RBC 2024 Financial Independence Poll RBC advice: Anyone can freely access […]
CashNews.co Banks play a vital role facilitating international trade by providing their clients with a wide array of offerings. Supply chain finance includes distributing short-term credit to provide better working capital for the buyer and seller. Trade finance involves lending money to support the trading of commodities or working with export credit agencies to offer […]
CashNews.co The world is moving fast. If organizations want to stay ahead of the curve, their operations need to be agile and predictive, and they must pick the right time to engage with both the right talent and the right new technologies to gain a competitive edge. However, there are a lot of technologies out […]
CashNews.co The conference, the largest of its kind to date, did yield an important agreement to establish a subsidiary body that will include indigenous peoples in future discussions and decisions on biodiversity conservation. Last Updated : 02 November 2024, 21:10 IS Read More #cashnews #Canada #finance
CashNews.co Baytex Energy (BTE.TO)(BTE) shares climbed on Friday as the Canadian oil and gas producer reported a more than 45 per cent jump in net income and shrinking debt. Toronto-listed shares of Calgary-based Baytex increased as much as 7.9 per cent on Friday, before closing four per cent higher at $4.09. Baytex reported third-quarter financial […]