Lowest mortgage rates in Canada right now | Financial Post
WEB3 days ago · AB, BC, ON. 5-year fixed. Butler Mortgage. 4.19. MORE INFO. AB, BC, ON. SOURCE: MORTGAGELOGIC.NEWS. The rates displayed on this page are updated by the end of each day and are sourced from the Canadian Mortgage Rate Survey produced by MortgageLogic.news. The lowest nationally available rates are determined based on …
Trudeau, Bank of Canada interest rates key to CEO outlook
WEB3 days ago · Leaders currently rate business conditions at 5.9 on a scale of one to 10, where one is poor and 10 is excellent, according to the company’s Canadian CEO Confidence Index. Looking to next year, 42 per cent have upgraded their outlook for business conditions to 6.3, while 40 per cent said they expect business conditions to …
RBC CEO says Canada is on the 'wrong path' | Financial Post
WEB5 days ago · The chief executive, speaking at the Canadian Club Toronto, added that Canada’s economic situation is “not bad now, but we’re definitely on the wrong path and we’ve got to start making some fundamental change to get back.”. Canada’s productivity levels and its gross domestic product (GDP) per capita have lagged in recent years.
Recession odds in Canada are 'not zero," says Stephen Poloz
WEB3 days ago · Former Bank of Canada governor Stephen Poloz sees recession conditions in many parts of the Canadian economy, as growth fails to keep pace with an increasing population. Canada’s unemployment rate rose to 6.4 per cent in June and ticked up again to 6.6 per cent in August. “These are close to around two percentage points above the low …
Air Canada strike can cost Canada's economy $1.4 billion: …
WEB4 days ago · A two-week pilot strike at Canada's largest carrier could result in losses of $98 million a day. The potential labour disruption at Air Canada could cost the economy $1.4 billion, according to a new report from Fédération des caisses Desjardins du Québec. Economists Randall Bartlett and LJ Valencia, estimate that a two-week pilot strike at ...
Pressure grows for OSFI to back off tougher banking rules
WEB5 days ago · Canada’s banking regulator could come under renewed pressure to back away from an international regime requiring tougher capital rules for big banks after the U.S. Federal Reserve signalled it will cut previously announced increases in the capital cushion in half. Fed vice-chair Michael Barr said this week it was determined that rather than ...
Canada, Quebec give billions of dollars for Telesat satellites ...
WEB3 days ago · Trudeau said Ottawa-based Telesat will invest $4.4 billion back into the Canadian economy through research and development. As well, MDA has broken ground on a 185,000-square-feet expansion of its Quebec facility to meet future demand and “create the most advanced assembly line for satellites in the world,” the prime minister said.
Air Canada asks feds to intervene as pilot strike approaches
WEB4 days ago · Photo by THE CANADIAN PRESS/Darryl Dyck. Air Canada is asking the federal government to intervene as early as Saturday to request arbitration ahead of a potential strike by pilots at the country’s largest airline. The Montreal-based airline is set to start suspending flights Sunday as it prepares for a lockout as talks with more than 5,000 ...
Walmart warehouse workers in Ontario vote to join union, Unifor …
WEB3 days ago · The union says it’s Walmart’s first warehouse to unionize in Canada. Unifor national president Lana Payne says the employees “stood up for their rights” and the union is “excited to get to work on their first collective agreement.”. Unifor’s campaign at Walmart’s facility began in December 2023. The vote was held from Sept. 10 ...
TD fined US$28 milion by U.S. authorities | Financial Post
WEB5 days ago · The latest fine adds to TD’s existing woes as the bank posted a rare loss in its third quarter due to the US$2.6 billion it is keeping aside to resolve the anti-money laundering issues it faces in the U.S. as well as other financial crimes at several of its branches.. The CFPB investigation said TD repeatedly gave inaccurate account …
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