bank of canada

Opinion: Banks do need to be taxed more – Budget’s new dividend tax makes sense

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Prime Minister Justin Trudeau and Deputy Prime Minister and Finance Minister Chrystia Freeland arrive to present the federal budget in the House of Commons on Parliament Hill in Ottawa on March 28.Justin Tang/The Canadian Press William O’Connell is a PhD candidate in the Department of Political Science at the University of Toronto. The federal government … Read more

Morning update: RCMP shuns Vancouver election meddling charges

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Good morning, Royal Canadian Mounted Police is Do not investigate foreign interference In last year’s election in Vancouver, despite a Canadian intelligence report alleging that the Chinese consul general tried to influence the outcome of that vote. The Canadian Security Intelligence Service report describes Tong as saying that in a mayoral race, “they need to … Read more

Banking explosion may help curb inflation

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fighting inflationthe recent explosion in the banking sector may prove to be a good thing. Faced with the specter of a full-blown banking crisis, many Lenders will now be forced to step up their defenses. That usually involves tightening lending standards and limiting credit, something the central bank has been trying to coordinate over the … Read more

Fed backs longer mortgage amortization periods for struggling borrowers

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Homes and apartments in Sunnyside, Calgary’s McHugh Bluff base, March 29. Mortgage and rental prices have remained high, and many Canadians have been affected.Jude Brock/Globe and Mail The federal financial consumer regulator has released a set of Guidelines are proposed on how lenders can help cash-strapped mortgage borrowers, including extending the time it takes homeowners … Read more

Evening update: Zelensky warns of unacceptable compromises if Russia becomes entrenched in Ukraine

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Good evening, Let’s start with today’s headlines: The latest developments in the war in Ukraine: Ukrainian President Volodymyr Zelensky warned Unless his country wins a protracted battle in a key eastern city, Russia may begin to drum up international support for a deal that could require unacceptable compromises from Ukraine. He also invited Chinese leaders … Read more

Political briefing: PM defends bigger deficit spending in 2023 federal budget

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Hello, Prime Minister Justin Trudeau has defended the larger deficit spending included in this week’s federal budget, saying Canadians now need help to cope with the higher cost of living. When Trudeau arrived for the weekly Liberal caucus meeting on Wednesday, he was asked whether the deficit would be eliminated under this week’s federal budget. … Read more

Bank of Canada ‘ready to act’ if financial turmoil spreads

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this bank of canada The Bank of Canada is ready to support the financial system if turmoil in the U.S. banking sector spreads to Canada and hits Canadian banks and markets, Deputy Governor Toni Gravelle said Wednesday. In a speech in Montreal, Mr. Gravelle said Canada’s banking system remains strong and financial markets are functioning. … Read more

Bank of Canada ‘ready to act’ if financial turmoil spreads

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this bank of canada The Bank of Canada is ready to support the financial system if turmoil in the U.S. banking sector spreads to Canada and hits Canadian banks and markets, Deputy Governor Toni Gravelle said Wednesday. In a speech in Montreal, Mr. Gravelle said Canada’s banking system remains strong and financial markets are functioning. … Read more

The profound impact of artificial intelligence on the world economy and the companies that will benefit from it. Plus, here are six more stocks to add to an RESP

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Goldman Sachs chief economist Jan Hatzius believes that artificial intelligence will cause serious disruption in developed world economies. For example, he estimates that almost half of the current functions of legal and office support functions could be automated using generative AI applications like ChatGPT. Posted by Mr Hatzius Artificial intelligence’s potentially massive impact on economic … Read more

Money markets are signaling that a rate cut is imminent. Central bankers are not.this is a bet

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Recent stress in the financial system has led to a structural shift in market sentiment among fixed income investors. There is no longer any hope of avoiding a severe recession, and inflation is no longer considered the most depressing issue. Officials from the U.S. Treasury and Canadian Treasury reassure us that all is well. For … Read more