CashNews.co (Bloomberg) — Canadian retail sales likely rose sharply in August after a solid July gain, indicating a strong rebound after two consecutive quarters of shrinking sales. Most Read from Bloomberg August’s 0.5% rise, based on an advance estimate from Statistics Canada released Friday, is just the third monthly sales gain this year. That follows […]
CashNews.co The nationwide average gas price added 0.7 cents per litre between Sept. 12 and Sept. 19, according to data from Kalibrate. (AP Photo/Mark J. Terrill) (The Associated Press) Gas prices snapped six straight weeks of declines in Canada, as the nationwide average for regular fuel added 0.7 cents per litre between Sept. 12 and […]
CashNews.co Doctors in Canada are calling on the federal government to mitigate the effect of a raised capital gains tax inclusion rate as other business groups make an arduous push to stop the planned increase altogether. The raised rate, announced in April, is intended to make the tax system fairer, but it’s drawn umbrage from […]
CashNews.co So, there you have it—it’s official! After more than four years, the U.S. Federal Reserve has kicked off its rate-cutting cycle with an ‘outsized’ half-point or 50 basis point cut. That was the easy part. The challenges ahead are significant, as the Fed now seeks to prevent its previous rate hikes from pushing the […]
CashNews.co Equities Global stocks were on the rise, buoyed by the U.S. Federal Reserve’s first interest rate cut in four years. The Fed cited “greater confidence” that inflation was on the right track in making the half-percentage-point reduction and signaled more cuts ahead. Wall Street’s main indexes jumped at the open in the wake of […]
CashNews.co (Bloomberg) — Canada’s main stock index has surged almost 8% since its central bank began cutting interest rates in June, outperforming the S&P 500. Some strategists say that’s an opportunity — they’re urging investors to sell down or even get out of Canadian stocks altogether. Most Read from Bloomberg The world’s 10th largest economy […]
CashNews.co Breadcrumb Trail Links News Economy The governing council fretted that the economy and employment might not pick up as anticipated Published Sep 18, 2024 • Last updated 1 day ago • 2 minute read You can save this article by registering for free here. Or sign-in if you have an account. Governor of the Bank […]
CashNews.co This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by BMO Global Asset Management Breadcrumb Trail Links Personal Finance Taxes Jamie Golombek: In almost all cases, the taxpayer simply doesn’t meet the […]
CashNews.co After decades of denying that climate change is real, Canada’s big polluters and their investors (like the financial and fossil fuel giants) have clued in that consumers want greener products. But instead of pivoting to greener, cleaner products, these companies have simply turned the page in their playbook: to misleading the public with claims […]
CashNews.co Multi-year agreement includes Securian Canada as presenting sponsor of Home Ice Hockey TORONTO, September 19, 2024–(BUSINESS WIRE)–Securian Canada, a leading insurance provider of innovative, life-ready insurance solutions in Canada, is pleased to announce that it has reached a multi-year agreement as the official life insurance partner of the Toronto Maple Leafs. Securian Canada will […]