Why Bank of Canada Won't Rush to Cut Rates Even if Warsh Does
Despite expectations that new Fed chair Kevin Warsh may cut rates, the Bank of Canada is unlikely to follow due to resurgent U.S. inflation and a wide interest rate gap.
Category : Banking Finance
Democrats feud over stock trading as anti-corruption case sharpens
Internal Democratic divisions over stock trading rules emerge as the party intensifies its anti-corruption narrative against former President Trump.
How to rewrite your mortgage without breaking it
Christopher Liew explains how to renegotiate your mortgage terms without penalties, offering strategies for homeowners seeking better rates before renewal.
Delayed Bonuses Can Lead to Major Employer Liability
An Ontario court awarded nearly $700,000 to an employee after repeated bonus delays constituted constructive dismissal, warning employers to honor contractual bonus terms.
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Credit Stress Tests Big Banks, State Capitalism, Fusion Listings
Canada's Big Six banks face credit stress, consumer spending rises on gas prices, CEO firing lessons, state capitalism challenges, and nuclear fusion listing news.
Gold Falls as Fed's Waller Hints at Possible Rate Hike
Gold prices dropped as Fed Governor Waller warned the Iran war's energy shock could fuel inflation, making a rate hike possible. U.S. consumer sentiment hit a record low.
Kevin Warsh Sworn In as Fed Chair at White House
Incoming Federal Reserve chair Kevin Warsh will be sworn in at the White House, a rare ceremony for a Fed chief, as Trump pushes for rate cuts amid high inflation.
Gas Prices Boost March Retail Sales
Rising gas prices led to increased sales at service stations, boosting Canadian retail sales in March according to Statistics Canada data.
Banks Poised for Solid Q2 Growth Despite Economic Uncertainty
Analysts forecast solid growth for Canadian banks in Q2 despite economic headwinds, with strong lending and stable margins driving performance.
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What to Do If You Made a Mistake on Your Tax Return or Are Filing Late to CRA
Learn what to do if you made an error on your tax return or missed the filing deadline. Jamie Golombek explains how to correct mistakes and access benefits.
Winnipeg Extortion Suspect Arrested in Ontario
Farhan Nabil has been arrested in Ontario in connection with a Winnipeg extortion case, while a second suspect remains at large. Police continue to investigate.
CPPIB Posts 7.8% Return, Fund Hits $793 Billion
The Canada Pension Plan Investment Board reported a 7.8% net return for fiscal 2026, growing the fund to $793.3 billion. U.S. public equities drove performance.
Dimon: Rates May Climb Much Higher Amid Bond Selloff
JPMorgan CEO Jamie Dimon warns interest rates may climb much higher, citing inflation, oil prices, and government debt concerns, as bond yields hit multi-year highs.
Smile Cookie Campaign Raises Over $300,000 in Windsor-Essex
Tim Hortons' Smile Cookie campaign in Windsor-Essex raised more than $300,000 for local charities, with funds supporting hospitals, food banks, and community programs.
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Fed Minutes Show More Policymakers Ready for Rate Hike
Federal Reserve minutes reveal growing support for laying groundwork for interest rate hikes, signaling potential policy shift amid inflation concerns.
B.C. Couple Wins $500K in Lotto Max, Thought It Was a Joke
A British Columbia couple won $500,000 in a Lotto Max draw. They initially thought it was a joke. The winning ticket was purchased in Vancouver.
Wall Street Futures Rise as Oil Prices Drop and Bond Yields Ease
Wall Street pointed toward gains as oil prices fell and bond yields eased, with futures indicating a positive open for major indices amid mixed economic signals.
Samsung faces strike after pay talks collapse
Samsung Electronics faces a potential strike after union pay negotiations fail, impacting production at the tech giant's South Korean facilities.
Vance: Trump Doesn't Trade His Own Stocks
Vice President JD Vance defended Trump from criticism over his voluminous trading, saying the president does not buy or sell his own stocks, but independent advisers manage his portfolio.
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Inflation Data Gives Bank of Canada Flexibility to Hold Rates
Weak core inflation amid oil price spikes gives Bank of Canada leeway to hold rates steady, economists say. CPI rose 2.8% in April, below forecasts.
StatCan April Inflation Report Expected to Show Oil Impact
Statistics Canada will release April inflation data, with analysts predicting a surge due to rising oil prices. The report could impact consumer costs and economic policy.
Evergrande Liquidators Sue PwC for $8.4B in Hong Kong
Liquidators of China Evergrande are seeking US$8.4 billion from accounting firm PwC in a Hong Kong lawsuit, alleging negligence in audits before the property giant's collapse.
Woman Injured in Toronto West End Rollover Crash
A woman was seriously injured in a single-vehicle rollover crash in Toronto's west end early Sunday morning. Police are investigating the incident.
Regulator Rejects Hydro Ottawa's $6 Monthly Rate Hike
The Ontario Energy Board has rejected Hydro Ottawa's proposed $6 per month increase in distribution rates, citing insufficient justification. The utility sought the hike to fund infrastructure upgrades.
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OSFI bank licence pilot must be just the beginning
Canada's banking regulator launches a pilot to streamline bank licensing for fintechs and credit unions, but experts call for broader reforms including open banking and proportional regulation.
Canadian stock market plunges over 400 points, US markets fall
The S&P/TSX composite dropped more than 400 points on May 15, 2026, as US markets also fell amid economic uncertainty and global trade tensions.
Jarvis man wins $44M LOTTO 6/49 Gold Ball jackpot
A man from Jarvis, Ontario has won the $44 million LOTTO 6/49 Gold Ball jackpot, marking one of the largest lottery wins in the region.
Edmonton fan wins $2M on Blue Jays 50/50
A Blue Jays fan from Edmonton won $2 million on a 50/50 ticket, marking one of the largest prizes in the team's history.
Quebecor Q1 profit rises as average revenue per user climbs
Quebecor reports higher first-quarter profit and average revenue per user, driven by telecom and media growth.
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Man charged after stolen school bus crash into McDonald's in Ajax
A 36-year-old man faces multiple charges after allegedly stealing a school bus and crashing it into a McDonald's drive-thru in Ajax, Ont., while impaired.
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