David Rosenberg: Borrow, Redistribute, Spend — The Real Reason Canada'S Economic Recovery Is A Mirage

in #partikolast month

Empire earnings skyrocket in first quarter: Financial Post Staff


The Nova Scotia supermarket giant that owns Sobeys and Safeway made historic profits this summer, amid an unprecedented rise in home cooking and online shopping — but those habits might be fading as the country crawls closer to some semblance of normal.

Big bank CEOs see fintech threat 'diminishing' despite pandemic: Geoff Zochodne


When Shopify Inc. dethroned the Royal Bank of Canada to become the country’s most valuable company earlier this year, it didn’t bother Dave McKay.

Speaking at a virtual conference earlier this week, the chief executive of RBC said a rise like Shop…

Bank of Canada's willingness to speak up will offend some, but it's time to open policy debates: Kevin Carmichael


Tiff Macklem has been Bank of Canada governor for only four months, but he must be feeling comfortable, because he is making a habit of entering dangerous territory.

Macklem’s

latest speech

was about income inequality, a soc…

David Rosenberg: Borrow, redistribute, spend — the real reason Canada's economic recovery is a mirage: David Rosenberg


I get asked all the time why it is that data in Canada have been looking so good. Well, few other countries have turned on the monetary and fiscal spigots like Canada has. It’s an embarrassment of riches — who knew so much money could grow on so many trees?

Audiences trickle back, but movie theatres ‘still burning money’: Larysa Harapyn


Vince Guzzo, CEO of Cinémas Guzzo, talks to Financial Post’s Larysa Harapyn about how the pandemic has changed the movie-going experience and what’s ahead for the industry in Canada.

  • Canada's economy experiences its worst plunge in histor…

    Here's why time may be up on the classic 60/40 portfolio split: Victor Ferreira


    Retail investors en masse have for decades been told to abide by a simple investment trope: put 60 per cent of their portfolios into equities and 40 per cent into fixed income. And, en masse, they listened.

    So-called balanced funds that use this p…

    Ottawa rolls out $200 million program to boost Black entrepreneurship: Barbara Shecter


    The federal government and large Canadian financial institutions including the country’s biggest banks have earmarked more than $200 million over four years for a new program aimed at helping Black business owners access loans and crucial services.

    Banks went on a buying spree after the last crisis, but this time is different, CEOs say: Geoff Zochodne


    The last time there was a worldwide economic meltdown, Canada’s big banks went shopping.

    Having weathered the global financial crisis of 2007-08 better than a number of their foreign peers, the country’s Big Six banks made dozens of acquisitions i…

    London is calling this millennial, but first she needs a plan to tackle her student debt: Victor Ferreira


    Standing outside of a pub in the countryside on the outskirts of London, a 23-year-old retail worker we’ll call Melanie made a decision that could radically alter her future. The scene was picturesque — she remembers watching wild horses gallop through the op…

    Bank of Canada keeps rates pinned as bumpy economic outlook belies recent recovery: Kevin Carmichael


    Central banks pride themselves on their ability to keep their eyes on the horizon, no matter the distraction.

    The Bank of Canada stayed true to that form on Sept. 9, acknowledging the rebound from the economic collapse that followed the COVID-19 l…

    TD Insurance facing class action lawsuit over handling of pandemic trip cancellations: Barbara Shecter


    TD Insurance is facing a potential class action lawsuit over its handling of trip cancellations due to the COVID-19 pandemic.

    The lawsuit launched by law firm Samfiru Tumarkin LLP, on behalf of lead plaintiff Kevin Lyons, alleges that trip-cancell…

    Husky asks Ottawa, Newfoundland and Labrador to invest in stalled offshore West White Rose project: Geoffrey Morgan


    CALGARY — Husky Energy Inc. is asking for government investment in its $2.2-billion offshore West White Rose project that’s under construction off the coast of Newfoundland and Labrador as it launches a review of its operations in Atlantic Canada.

    Bank of Canada maintains interest rate: Read the official statement: Financial Post Staff


    Here’s the

    official statement

    from the Bank of Canada’s interest rate decision on Wednesday, Sept. 9, 2020:

    The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of 0.25 per cent.…

    Bank of Canada holds interest rate at 0.25%: Financial Post Staff


    The Bank of Canada held it key interest rate at 0.25 per cent Wednesday.

    More to come …

    • Bank of Canada set to reassure markets on low interest rates for years to come
    • Expect jobs growth to slow down as autumn kicks in…

      Pandemic has forced Ontario courts to embrace the future, but questions over technology use remain: Special to Financial Post


      The pandemic has created chaos across the globe in almost every industry and profession. But one silver lining in Canada has been that, despite the turmoil, it has caused both the court system and the legal profession to embrace technology in a way that has n…

      Why the world’s resource king is so interested in Saskatchewan — podcast: Gabriel Friedman


      Outside Saskatoon, BHP Group, of the world’s largest mining corporations, has been pouring billions of dollars into its Jansen project — a proposed potash mine.

      Potash, a fertilizer that helps improve the quality and yield of farmland, isn’t what …

      'A remarkable guy’: Tech investor injured in cycling crash known for tenacity and resilience, friends say: Barbara Shecter


      Canada’s venture capital and tech communities have been shaken by a cycling accident that left one of its most prominent figures, John Ruffolo, partially paralyzed.

      Ruffolo, 54, who founded and led OMERS Ventures for several years and is also a co…

      David Rosenberg: Five signs that show this stock market is in a bubble: David Rosenberg


      One can argue that the current stock-market bubble isn’t as big as the one that burst in 2000, when the dot-com implosion occurred. But so what? A bubble is still a bubble. But how do you define a bubble? Here are the five ways.

      Price

      T…

      Porter Airlines puts off restart date until Nov. 12, almost 8 months after flights grounded: Financial Post Staff


      Porter Airlines has extended its hiatus from operations until Nov. 12, almost eight months after flights were first grounded because of the coronavirus.

      The Canadian airline said Tuesday that it decided to push its restart date from Oct. 7 until N…


      [news curation]@wakanda-forever



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