Loonie has more room to fall, economists say | Financial Post
1 day ago · Experts say the next few months are going to be rough for the Canadian dollar as it appears set to continue its downward trend. “We do have more room to fall,” said Karl Schamotta, chief market strategist at Corpay. The Canadian dollar has been trading below 70 cents U.S. in recent weeks and is ...
Posthaste: Market hits and misses in a record-breaking year
1 day ago · It’s been another banner year for investors, despite last week’s stumble.The S&P 500 is headed for the finish line up 25 per cent, following a more than 20 per cent gain the year before. As the final trading days of 2024 wind down, BMO Capital Markets economist Robert Kavcic takes a look at the year’s hits and misses.
Bank of Canada's bigger rate cut 'close call,' deliberations show ...
2 days ago · In the weeks leading up to the decision, the unemployment rate rose to 6.8 per cent in November and third-quarter gross domestic product (GDP) growth came in at one per cent, which was below the Bank of Canada’s expectations. The inflation rate had also remained at or below two per cent since August. “At the outset, each member of governing council acknowledged that the decision was a ...
Canadians urged to take risks as equity deals hit 23-year low
Dec 19, 2024 · Investment bankers are urging Toronto-listed companies to buy a business or raise some money as deal volumes in Canada have fallen to their lowest levels in 23 years. Equity and equity-linked offerings in Canada fell for the third straight year to hit their lowest point since 2001, according to ...
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Economists say Trudeau will break fiscal target | Financial Post
Dec 9, 2024 · Most economists say they expect Prime Minister Justin Trudeau’s government will break its self-imposed fiscal constraints as deficits in Canada continue to deepen. In a Bloomberg survey, 13 of 15 economists said Finance Minister Chrystia Freeland will not meet the fiscal pledges she outlined last ...
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TSX rises almost 300 points, U.S. stock markets also rally
Sep 14, 2023 · 5:09 p.m. Prime Minister Justin Trudeau is calling on grocery executives to come up with a plan to stabilize food prices or face consequences. He says the government will be asking the five largest grocery companies including Loblaw Cos. Ltd., Metro Inc., Empire Co. Ltd., Walmart Inc. and Costco Wholesale Corp. to come up with a plan by Thanksgiving.
U.S. inflation rises more than forecast | Financial Post
Oct 10, 2024 · Economists see the core gauge as a better indicator of underlying inflation than the overall CPI. That measure rose 0.2 per cent from the prior month and 2.4 per cent from a year before, still the slowest annual rate since early 2021 and largely due to cheaper energy prices.
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