More Canadians look to TikTok for holiday shopping value
Marty Weintraub at Deloitte said Canadians plan to spend more this year on gifts, though the amount still lags below 2019 levels. Watch here Source
TD Bank says Charles Schwab investment will add $178M for Q4
TD Bank says The Charles Schwab's third-quarter results could translate into $178 million for the Canadian bank's fourth quarter. Read more. Source
Ontario electricity demand to soar 75% by 2050 due to EVs and AI: system operator
Ontario's electricity system operator said the increase is in part due to EV manufacturing and new data centres supporting AI. Keep reading. Source
Bank of Canada to chop rates a full point by year end, National Bank says
The central bank’s next decision is Oct. 23 and most of Canada’s big lenders expect it to cut rates by half a percentage point. Read on. Source
Taylor Swift concerts expected to bring $282 million into Toronto economy
Swifties headed to Toronto for a run of six concerts could bring in $282 million to the economy, according to Destination Toronto. Read on. Source
Bank of Canada needs to ‘flip the script’ as weak economic data builds up
Weak manufacturing sales are adding to the evidence that Canada's GDP will come in well under the Bank of Canada's expectations. Read more. Source
Gold nears fresh record with focus on U.S. election and fed rates
Gold rallied toward a record high as investors turned their attention to the U.S. election, with polls forecasting a tight contest. Read on. Source
FedDev Ontario Awards $7.7M to Six Manufacturing Businesses
The FedDev Ontario funding program has announced a combined $7.7 million repayable investment to boost manufacturing for six businesses located in southwestern Ontario. The investment aims to enhance local production,…
Posthaste: Big company CEOs look to mergers and acquisitions for growth
Chief executives at major Canadian companies are looking to mergers and acquisitions for growth, according to a recent survey. Read more. Source
Two 50 bps rate cuts coming this year: What economists say about the latest inflation numbers
Inflation in September rose 1.6 per cent, the slowest year-over-year increase in more than three years. Read what economists had to say. Source