Daily News

News Source: Financialpost December 19, 2024

Unpacking the Liberal's $24-billion spending package

Rebekah Young: The big surprise was that there were no big surprisesRebekah Young, vice president and head of inclusion and resilience economics at the Bank of Nova Scotia, talks with Financial Post’s Larysa Harapyn about what’s in the federal government’s F...

Source: Financialpost December 18, 2024

Canadian dollar falls below 70 cents U.S. on political risk from Freeland resignation

Fallout from former finance minister's departure hits currencyThe Canadian dollar dipped below 70 cents U.S. on Tuesday for the first time since early 2020 as the fallout from Chrystia Freeland’s resignation as deputy prime minister and finance minister hit...

Source: Financialpost December 18, 2024

Expect Bank of Canada rate cut 'pause': Economists on the new inflation numbers

But central bank's guidance for more gradual pace of reductions in 2025 'remains intact'The rate of inflation slowed to 1.9 per cent in November, once again slipping under the Bank of Canada target of two per cent. We apologize, but this video has failed...

News Source: Financialpost December 18, 2024

Trudeau teeters after Freeland's scathing resignation

Freeland had been finance minister since 2020Prime Minister Justin Trudeau’s administration was thrown into crisis when his trusted deputy, Finance Minister Chrystia Freeland, published a withering resignation letter on Monday that left him weakened at the w...

FP Comment Source: Financialpost December 18, 2024

Opinion: Falling loonie could stifle productivity growth in Canada

Canadian firms buy much of their machinery in other countries. A weak loonie raises its price, hitting investment and output per worker.The Bank of Canada’s decision last week to lower its policy interest rate by 50 basis points pushes it more than a full pe...

Economy Source: Financialpost December 18, 2024

Canada's inflation rate cools more than expected

Rate has remained at or below the Bank of Canada's target since AugustCanada’s inflation rate slowed to 1.9 per cent in November, slightly below forecast and down from two per cent in October, a deceleration that economists said should give the Bank of Canad...

Source: Financialpost December 17, 2024

Finance Minister Chrystia Freeland resigns from cabinet

Prime Minister Justin Trudeau and deputy 'at odds about the best path forward for Canada'Ottawa was gripped by political drama on Monday after Finance Minister Chrystia Freeland stunningly resigned from cabinet, hours before she was scheduled to table the Tr...

Source: Financialpost December 17, 2024

Trudeau to Name LeBlanc Canada Finance Minister With Government in Chaos

Prime Minister Justin Trudeau will name Dominic LeBlanc as Canada’s finance minister to replace Chrystia Freeland, who shocked the government with a scathing resignation letter on Monday morning.(Bloomberg) — Prime Minister Justin Trudeau will name Dominic L...

Source: Financialpost December 17, 2024

Canada's housing minister Sean Fraser resigns from Trudeau's cabinet

Fraser will announce the move today, says a government sourceCanadian Housing Minister Sean Fraser is resigning from cabinet and doesn’t plan to run in the next election, a move that comes as Justin Trudeau’s Liberal Party languishes in the polls with an ele...

Source: Financialpost December 17, 2024

Terence Corcoran: Chrystia Freeland's fiscal legacy is only half the story

She also believed in anti-market industrial policy, a view shared by her likely successor, Mark CarneyIn the lead-up to the stunning resignation of Chrystia Freeland as Canada’s minister of finance, the story provided by the mysterious sources not authorized...