Expect tweaks not big changes as the Bank of Canada gets closer to new interest rate policy: Kevin Carmichael
For the better part of three decades, the men and women in charge of interest-rate policy at central banks have tended to trust one indicator to guide their decisions: inflation. Prices remain their North Star, but the sky is getting busier. In 20…
Nuvei sees tailwinds in sports betting and crypto as payments processor looks to widen reach: Geoff Zochodne
The chief executive of Nuvei Corp. says the Canadian payment-technology provider plans on beefing up its sales force in North America, where favourable economic and regulatory winds are blowing for the company’s current and potential clients. “One…
The case for delaying the second vaccine dose: Larysa Harapyn
Dr. Zain Chagla, associate professor of medicine at McMaster University, speaks with the Financial Post’s Larysa Harapyn in the video below about Canada’s vaccine strategy. Pfizer, Moderna COVID-19 vaccines highly effective even after fir…
Dollarama stock perks up after discount retailer reveals plans to expand chain to 2,000 stores: Financial Post Staff
Despite lacklustre fourth-quarter earnings that failed to meet analyst expectations, budget retail giant Dollarama Inc. saw its shares rise Wednesday after it announced plans to expand its store count to 2,000 by 2031. Dollarama’s sales increased …
Mounting debt 'worrying' as Canadians stretch to chase rising home prices, says Bank of Canada governor: Bianca Bharti
Bank of Canada governor Tiff Macklem said he’s seeing “worrying” signs in Canada’s hot housing market, in which households are taking on increasing levels of debt to chase rising prices. In February, Macklem said the market was showing signs of “e…
HOOPP eyes overseas office as it surpasses $100 billion in assets: Barbara Shecter
The Healthcare of Ontario Pension Plan (HOOPP) surpassed $100 billion in assets in 2020, after posting an 11.42 per cent return. On the heels of that milestone, chief executive Jeff Wendling said the pension investment manager for health-care work…
Watch for more fallout as tensions between China and the West mount — podcast: Gabriel Friedman
This week, China announced sanctions against Michael Chong, a Canadian Member of Parliament and the House of Commons sub-committee for international human rights for having the temerity to speak out about the egregious human rights abuses against minority Mus…
Canadian GDP set to surge this year, but high debt levels could crimp future growth prospects: Financial Post Staff
The Canadian economy is starting to find its feet, but historic debt levels could plague the government for years to come, with GDP growth slowing towards the middle of the decade, according to new forecasts.In its latest two-year outlook, Hope at Last, the C…
Five big reasons behind suppliers' mutiny against Canada's big grocers: Financial Post Staff
An ongoing feud between Canada’s biggest supermarket chains and their suppliers erupted into public view during the pandemic, attracting the attention of legislators who are now contemplating new rules for the sector. Suppliers have been pushing for the gover…
Howard Levitt: Bearing brunt of pandemic, women contend with bias, fewer job opportunities amid 'child-rearing' wage gap: Howard Levitt
There is an omnipresent Sword of Damocles hanging over the heads of women and, with it, the Canadian economy. Maternity leave was first introduced in Canada in 1971 at the federal level, with various provinces and territories following suit. With …
Calfrac cancels AIMCo bonds after miscounting proxy votes crucial in its fight against Wilk Bros: Geoffrey Morgan
CALGARY — Calfrac Well Services Ltd. is cancelling bonds that Alberta’s pension fund manager bought in the middle of a contentious proxy fight late last year, after the oilfield services company disclosed it had miscounted votes at a special shareholders meet…
Ontario Teachers CEO says new innovation platform returned 16% in 2020, undeterred by SpaceX setback: Barbara Shecter
The Ontario Teachers Pension Plan posted an 8.6 per cent return in pandemic-beset 2020, aided by fixed-income and equity investments, and a 16 per cent return from a recently launched innovation investment platform. The inaugural investment for th…
How one of the world's greatest hidden fortunes was wiped out in days - Financial Post: Bloomberg News
How one of the world's greatest hidden fortunes was wiped out in days Financial Post Margin call at hedge fund hits banks, prompts contagion fears CBC.ca JPMorgan says banks' Archegos hit may be up to US$10B BNN Archeg…
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