Cooling inflation leaves door to Bank of Canada rate cuts ‘wide open’
Canada's inflation rate cooled in July to 2.5 per cent, its slowest pace since March of 2021, Statistics Canada said. Find out more Source
U.S. Fed to begin ‘fairly aggressive’ easing cycle: Smith
Dylan Smith, senior economist at Rosenberg Research, believes the U.S. Federal Reserve will begin its easing cycle in September. Read more. Source
How Couche-Tard became the Canadian retail giant that is now going after 7-Eleven
Couche-Tard has made an offer for 7-Eleven and a deal could create one of the biggest convenience store operators in the world. Read more Source
SCAP Ontario Food Safety and Growth Initiative Opens August 21, 2024
Enhance food safety in Ontario with the Food Safety and Growth Initiative. Access funding to improve systems and adopt new technologies. Source
Inflation expected to drop in July, giving Bank of Canada more ammo to cut at its next meeting
The Bank of Canada is expected to cut interest rates in September if inflation continued to cool in July. Find out more. Source
Posthaste: Take heart, Canada’s housing market hasn’t been this stable in years
Bank of Canada interest rate cuts may not have sparked a rebound yet, but Canada's housing market is stable, says economist. Read more Source
The rich can’t sell their art, so they’re borrowing against it
Art lending offers specific advantages for wealthy owners evaluating their investments as broader financial markets face volatility. Read on Source
Trudeau mulls name-and-shame policy to crack down on foreign worker abuse
The federal government is thinking aabout publicly naming individual business managers or owners who violate Canada’s labour rules. Read on. Source
Canada lists old NYC residence for $13M, surpassing cost of new luxury condo
Canada is selling its former Manhattan residence for $13 million, which is expected to exceed the purchase of its new condo. Read on. Source
Railways halt more shipments ahead of potential lockout as bargaining tensions rise
Canada's two main freight railways are ramping up the amount of cargo being turned away ahead of a potential lockout next week. Read more. Source