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News
Opinion: Let???s not put special taxes on successful innovators
3+ day, 10+ hour ago (298+ words) Some inventors aren't motivated by financial considerations and give their patents or profits away. The rest of us need incentives What are we to make of these acts of selflessness, of massive charitable giving? Are the researchers to be applauded?...
Bank of Canada holds interest rate at 2.25% as trade war clouds outlook
1+ week, 4+ day ago (96+ words) Financial Post Seventh hold in a row widely expected Bank of Canada held its benchmark interest rate at 2.25 per cent Wednesday for the seventh meeting in a row. The hold was widely expected as a fresh outbreak in the trade…...
Bank of Canada expected to hold interest rates steady, but renewed trade war muddies economic outlook
1+ week, 5+ day ago (732+ words) The central bank is scheduled to announce its overnight rate on Wednesday Canadian economists largely expect the Bank of Canada to keep its overnight rate at 2.25 per cent for the rest of the year, but what policymakers might do in…...
Canada-U.S. trade war, rising rates and debt: What stock market investors need to know
1+ week, 6+ day ago (318+ words) Martin Pelletier: As higher rates and political risks reshape markets, opportunities may lie beyond the short-term noise While the break was refreshing, I have to admit it was difficult to completely disconnect given the escalating trade tensions between the United…...
Scott Bessent's bond intervention puts U.S. Treasury on collision course with Fed
2+ week, 4+ day ago (861+ words) Increased purchases of debt threaten to undermine central bank chief Kevin Warsh's bid to tame inflation United States Treasury secretary Scott Bessent’s bond market intervention is pulling in the opposite direction to the Federal Reserve’s battle against inflation, big investors…...
Posthaste: If trade war persists, Bank of Canada's next move could be a cut
2+ week, 5+ day ago (565+ words) Tariff flareup puts central bank in difficult position With the recent and dramatic blowup of trade tensions between the United States and Canada, it’s easy to forget that an interest rate decision is just days away. The Bank of Canada…...
Kevin Warsh seeks to reassure investors as U.S. economic strains worsen
2+ week, 6+ day ago (745+ words) 'What is unsettling is Warsh’s unwillingness to provide a clear and open assessment of the current situation and the outlook for the U.S. economy' United States Federal Reserve chair Kevin Warsh will seek to soothe investors’ nerves in a crunch…...
The loonie is rallying. Here's why top currency watchers don't think it will last
3+ week, 1+ day ago (816+ words) The Canadian dollar's recent rise has more to do with U.S. dollar weakness than a potential trade deal with the U.S. The languishing Canadian dollar flirted with the 73 cents US mark this week after United States President Donald Trump announced that Canada…...
Canadian retail sales look set to fall after seven months of gains
3+ week, 2+ day ago (240+ words) Sales edge up in June, but early estimates suggest drop in July Retail sales in Canada increased by 0.6 per cent to $74.3 billion in June, with gains recorded in a broad swath of subsectors, said Statistics Canada Friday. But an initial…...
No rush for Bank of Canada to raise interest rate even as inflation rate hits 3%, say economists
3+ week, 6+ day ago (832+ words) Rise in consumer price index for July 'nothing to worry about' Canada’s inflation rate in July rose to three per cent from 2.8 per cent the month before as gasoline prices spiked, but economists say the Bank of Canada is likely…...