CashNews.co In a new anti-greenwashing policy, Canadian mutual funds will no longer be able to claim the vague and oft-criticized strategy of “ESG integration” if they want to be included in the country’s official list of responsible investment funds. Since the early 2000s, ESG integration has become a widely used strategy in the financial industry. […]
CashNews.co The household savings rate grew to 7.2 per cent on a seasonally adjusted basis, Statistics Canada reports. Desjardins economist Randall Bartlett argues that this is a sign of financial prudence as many anticipate higher mortgage payments. (R.J. Johnston/Toronto Star via Getty Images) (R.J. Johnston via Getty Images) The proportion of disposable income Canadians are […]
CashNews.co 5 min read Last Updated : Sep 16 2024 | 2:36 PM IS “It’s not about immigration, it’s about math,” opposition leader Pierre Poilievre said at a press conference last week. His comments come amidst growing concerns over Canada’s housing crisis and rising anti-immigrant rhetoric. Speaking to reporters, Poilievre explained that if […]
CashNews.co OTTAWA, Ontario (AP) — Air Canada and the union representing its pilots have come to terms on a labor agreement that is likely to prevent a shutdown of Canada’s largest airline. Talks betwen the company and the Air Line Pilots Association produced a tentative, four-year collective agreement, the airline announced in a statement early […]
CashNews.co Air Canada operates a diversified fleet that includes Boeing 777s (pictured) and 767-300 converted freighters. (Photo: Air Canada) Air Canada and the union representing more than 5,200 pilots announced Saturday night they have reached a tentative agreement on a four-year contract, averting a threatened strike that could have started within days. The preliminary deal […]
CashNews.co By Gnaneshwar Rajan (Reuters) -Air Canada said early on Sunday it had reached a tentative agreement with its pilots union over a new four-year collective agreement, in a last-minute deal that will avert a near-term strike or lockout. Before the tentative agreement was reached, Canada’s largest airline had been preparing to progressively cancel flights […]
CashNews.co (Reuters) – Bank of Canada Governor Tiff Macklem opened the door to increasing the pace of interest rate cuts, the Financial Times reported on Sunday. Macklem told the newspaper in an interview that rate-setters are concerned about Canada’s labor market and the possibility of lower prices for crude oil hitting the economy. (Reporting by […]
CashNews.co Canada needs to think harder about aligning its policies with the United States if it doesn’t want to get left behind economically, former Canadian Finance Minister Bill Morneau has argued in and op-ed. Morneau, who left Trudeau’s government under a cloud in 2020, criticized him in a book last year, complaining that he had […]
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CashNews.co New branch to hire top-tier Experienced Advisors FREDERICTON, New Brunswick, Sept. 13, 2024 (GLOBE NEWSWIRE) — Edward Jones Canada is proud to announce the grand opening of its first branch office in Fredericton, New Brunswick. This milestone event marks the firm’s expansion into the province and coincides with Edward Jones’ 30th anniversary in Canada. […]