High Levels Of Federal Spending Hurting Canada'S Fight Against Inflation: Scotiabank - [2022-06-24 Dzf252]

in finance •  2 months ago 

Poll suggests Canadians' confidence in Bank of Canada shaken by surging inflation: Pamela Heaven

Inflation has soared to near 40-year-high but Canadians' confidence that the Bank of Canada will be able to rein it in is shaky, finds poll

Job vacancies surge to new high: What Canadians need to know: Bianca Bharti

Employers were seeking to fill 1,001,100 positions at the beginning of April, a nearly 45 per cent increase from a year earlier. Learn more.

Utica Resources files lawsuit seeking billions of dollars if Quebec implements Bill 21: Julius Melnitzer

The law makes Quebec the first North American jurisdiction to ban hydrocarbon exploration and production

A dose of much-needed optimism amid all the market negativity: Tom Bradley

Tom Bradley: I spent three days outside of my comfort zone at a tech conference and came away with a lot to think about

Curve Appeal: Where investors looking for cash flow and capital preservation can turn: Special to Financial Post

Real estate is one sector that should be considered as a key part of a diversified portfolio

FP Answers: I had a heart attack 5 years ago and recently retired. What are some tips for a good drawdown strategy?: Julie Cazzin

Taxes will be Marko's biggest expense in retirement

Jason Kenney, oilsands executives present united front in Washington: Meghan Potkins

Alberta premier argued Canadian energy could help resolve one of the biggest challenges the U.S. is currently facing

The view through the window: Three Canadian astronauts weigh in on innovation, climate and future of spaceflight: Marisa Coulton

Dave Williams, Chris Hadfield and Robert Thirsk say the ISS offers the world a model for collaboration. Read more here.

How this Alberta couple could retire at 49, just as their twins turn 18: Andrew Allentuck

Both 33 years old, their present net worth is $1,355,000, which is impressive at their age

Canada needs 3.5 million more homes than planned to restore affordability, says CMHC: Barbara Shecter

CMHC says supply is “the biggest issue affecting housing affordability” in Canada

Claiming a foreign tax credit proves to be a bit dicey for one taxpayer: Jamie Golombek

The ability to claim the credit is not always straightforward since it depends on what is actually considered to be a foreign tax. Read more

Priced out of the market? Here are seven tips to help achieve your homeownership dream: Special to Financial Post

Your dream could still become reality with some creative planning and resourcefulness

Why the bear market is only getting started: Special to Financial Post

Noah Solomon: Unfortunately that means more pain until utter despondency prevails

OSC metes out penalties, market ban in pair of crypto trading cases: Barbara Shecter

OSC cracking down on 'non-complaint' crypto asset trading platforms

High inflation 'is keeping us up at night,' says Bank of Canada senior deputy governor: Stephanie Hughes

Carolyn Rogers did not rule out a three-quarter point hike after data revealed CPI has hit a near 40-year high. Find out more.

What economists say about soaring inflation and the Bank of Canada: Bianca Bharti

Canada saw its fastest inflation acceleration since 1983 in May, all but ensuring an aggressive rate hike from the Bank of Canada. Read more.

What new investors should consider before diving into their first account: Special to Financial Post

New investors should have a long-term plan based on their personal risk tolerance, advisers say

Inflation surges to 7.7%, fastest since 1983: What Canadians need to know: Kevin Carmichael

Kevin Carmichael: The Bank of Canada is staring down the most dangerous burst of inflation since it started targeting the CPI

OSFI keeps bank capital buffer at 2.5% in 'environment of heightened uncertainty': Barbara Shecter

OSFI left the big banks’ domestic capital buffer at 2.5 per cent, concluding that near-term risks are moderate but rising. Read more here.

Empire boosts dividend after growing profits in latest quarter: Jake Edmiston

Higher fuel sales and increased food inflation helped lift revenue

Canada's inflation rate rises to 7.7%, much hotter than expected: Reuters

The highest since January 1983

Milk prices are going up again as critics says dairy decisions too secretive: Jake Edmiston

Dairy farmers call for second hike this year as their costs skyrocket

Fortress Real Developments founders charged with fraud in connection with syndicated mortgage probe: Barbara Shecter

Accused of not disclosing the risks to brokers and investors

Cost inflation inescapable as $400-million Sagard private equity fund eyes targets: Barbara Shecter

'We're looking for businesses that do well in tougher times'

David Rosenberg: Four reasons corporate bonds have become more appealing than equities: David Rosenberg

Compared to other major stock market drawdowns, the widening in high-yield spreads has been pretty muted

Davide Pisanu: The hidden costs of death are hurting us all: Special to Financial Post

Estate settlement may cost about $16 billion annually and is so unnecessarily complex that it’s bad for our health

Opinion: Canada’s economy: over-indebted and underperforming: Special To Financial Post

Despite leading in debt accumulation, Canada lagged behind a majority of peers on key economic indicators

Cineplex’s Anne Fitzgerald named general counsel of the year after pandemic tumult: Special to Financial Post

The legacy of SARS helped the theatre giant land a 10-digit settlement.

Canada reports record high job vacancies in first quarter as unemployment shrinks: Denise Paglinawan

Statistics Canada's latest numbers show a job vacancy rate of 5.6%, continuing an upward trend since the first quarter of 2016.

A leader who serves: EY’s Doris Stamml receives lifetime achievement award at CGCAs: Special to Financial Post

Firm's chief legal counsel believed in doing 'everything you can to improve the lives of those around you' during 35-year career

Up, up and way: Space industry startup is using balloons to launch rockets: Joe O'Connor

SpaceRyde grew from a couple working in their garage, to 30 staff backed by $10 million and championed by Chris Hadfield

Diane Francis: Alberta sovereignty act needed to protect Edmonton from hostile Ottawa: Diane Francis

Diane Francis: Alberta sovereignty act needed to protect Edmonton from hostile Ottawafinancialpost.com

Freeland says Ottawa 'prepared to do more' if inflation stays hot: Stephanie Hughes

For now, however, the finance minister said she thinks she's done enough

CN, union spar over impact of strike on Canada's largest railroad: Jake Edmiston

The two sides are at odds over wages at a time of soaring inflation and record employment

Flair Airlines shakes off regulator's scrutiny — but can it survive the market?: Meghan Potkins

Discount upstart faces steep challenge in airspace dominated by two giants

High levels of federal spending hurting Canada's fight against inflation: Scotiabank: Stephen Wicary, Bloomberg News

'High levels of fiscal spending will necessitate an unnecessarily large crowding out of private spending'

Quebecor seen as clear winner in Freedom Mobile deal as Rogers faces pressure: Barbara Shecter

Quebecor Inc. is being viewed as the winner in deal by Rogers Communication and Shaw Communications Inc. to sell Freedom Mobile

Housing is still unaffordable for most despite declining sales as rising inflation takes its toll: Special To Financial Post

Housing is still unaffordable for most despite declining sales as rising inflation takes its tollfinancialpost.com

Rate hikes are needed to cool inflation so investors need to adjust to the times: Martin Pelletier

Martin Pelletier: Now is a great time to chart your own course that filters out the rhetoric and invests as a realist

How Francesco Policaro helped turn a single car dealership into a half-billion-dollar business: Special to Financial Post

Policaro says the key to his company’s success is simple: Respect everyone

Rogers, Shaw make deal to sell Freedom Mobile to Quebecor for $2.85B in hopes of getting merger approval: Barbara Shecter

Rogers and Shaw struck a blockbuster merger agreement last year, but it has been delayed after the Competition Bureau concluded the combined company would reduce wireless competition and raise prices

This Ontario couple wants a retirement plan that ensures support for their disabled son: Andrew Allentuck

Expert says the task is doable, but if they wait until age 65, things change dramatically

WTO reaches agreements on dispute settlement system, fishing subsidies: Bianca Bharti

'WTO members have for the first time concluded an agreement with environmental sustainability at its heart'

'Crisis situation': Atlantic Canada fuel retailers ask Ottawa to cap credit card fees on soaring gas prices: Denise Paglinawan

Regulated Atlantic fuel market means profits being pinched, group says

Philip Cross: Central banks finally get after inflation: Philip Cross

Central banks need an all-hands-on-deck approach to get us back to their inflation targets

SpaceX fires at least five for letter criticizing Elon Musk: sources: Joey Roulette and Eric M. Johnson, Reuters

The open letter called on executives at the startup to change the company’s work culture to make it more inclusive. Find out more here.

Musk hit with Tesla investor lawsuit over 'toxic' work culture: Malathi Nayak, Bloomberg News

An environment of discrimination and harassment has exposed Tesla to millions in potential liability, the complaint alleges. Read more.

Five daily affirmations to get investors through this latest bear market: Peter Hodson

A positive attitude leads to a positive outcome, writes Peter Hodson. Here are some affirmations to help investors look on the bright side.

FP Answers: What is the benefit of a graduated rate estate when doing estate planning?: Julie Cazzin

Here's a little-known tax tip that could save your family money when doing estate planning

Chrystia Freeland lays out $8.9 billion affordability plan to tackle inflation: Stephanie Hughes

Measures include more money for low-income workers, seniors, parents and renters struggling with housing costs

Block invests $3 million in fund for Canadian Indigenous businesses: Bianca Bharti

Block Inc., the fintech formerly known as Square, has injected $3 million into a Canadian Indigenous investment fund

Tim Hortons, hero pay and the long battle against wage suppression in Canada: Jake Edmiston

In this country, it's criminal to fix the price of bread, but not wages

Posthaste: Canada's housing correction has started — what's surprising is its speed - Financial Post: Pamela Heaven

  1. Posthaste: Canada's housing correction has started — what's surprising is its speed Financial Post
  2. Ontario real estate prices could take biggest hit in these areas | CTV News CTV News Toronto
  3. A Tale of a split market: Home prices…

    Taxpayer hit with a TFSA overcontribution penalty takes the CRA to court: Jamie Golombek

    The CRA can cancel a TFSA penalty if it determines a overcontribution was a "reasonable error" and withdrawn "without delay." Learn more.

    A lot must go right to achieve soft economic landing, David Dodge says: Stephanie Hughes

    Lead author of Bennett Jones spring economic outlook says policymakers must work quickly to stave off stagflation

    Inovia keeps faith in Canada's tech startups amid market turmoil: Bianca Bharti

    Maturity of the Canadian ecosystem makes it a promising investment

    U.S. Federal Reserve hikes 75 basis points: Read the official statement: Financial Post Staff

    What the Fed has to say

    Kinross sells off Russian gold mines but at half the agreed price: Barbara Shecter

    Higher price nixed by Russian Sub-commission on the Control of Foreign Investments

    Home sales plummet 22% as housing market continues to cool - Financial Post: Stephanie Hughes

    1. Home sales plummet 22% as housing market continues to cool Financial Post
    2. Canadian home sales continue downward trend CityNews
    3. Pace of Canadian housing starts topped expectations in May Global News
    4. Housing market slowd…

      How Bill Browder began warning the world about Putin's corruption a decade ago: Gabriel Friedman

      Episode 156 of Down to Business podcast

      Faltering tech markets don't bother CPPIB's new equity growth team: Barbara Shecter

      The sector's reset from frothy valuations and record activity has created opportunities on the private side, CPPIB says

      Slowest growth of Atlantic Canada startups in almost a decade called disturbing: Bianca Bharti

      High cost of skilled labour making it hard for companies to get off the ground

      Hang on a minute: Inflation is actually good for some people: Ted Rechtshaffen

      Don’t fear inflation if you have low or no debt, higher assets and are receiving some form of indexed income

      'A grand matriarch in the best sense': Loretta Rogers was an inextricable part of the Rogers success story: Barbara Shecter , Stephanie Hughes

      '(Ted) Rogers ran the business; Loretta ran the family'

      Ottawa to give mining giant BHP up to $100 million to cut emissions at Jansen potash project: Gabriel Friedman

      Industry Minister François-Philippe Champagne said Ottawa will provide up to $100 million to BHP. Find out more here.

      Want some extended time off? Better get your finances in order first: Special to Financial Post

      With today’s labour shortages, employees are calling the shots, but budgeting still a key factor in extended work breaks

      B.C. home sales drop 35% as rising mortgage rates bite: Stephanie Hughes

      'The housing correction has started'

      Google places engineer on leave after he claims group's chatbot is 'sentient' - Financial Post: Patrick McGee in San Francisco, Financial Times

      1. Google places engineer on leave after he claims group's chatbot is 'sentient' Financial Post
      2. Suspended Google engineer claims company's AI system is sentient Global News
      3. Software engineer suspended from Google after claiming its …

        Canada's unofficial boycott of all things Russia catches up to Russian-speaking businesses: Marisa Coulton

        Everyday Canadians are targeting Russian-speaking businesses in a haphazard way, with devastating implications. Read more.

        Chances of Bank of Canada 75-point rate hike just went up: Pamela Heaven

        'The chance of the Bank of Canada following through with its hint of a larger 75 bp interest rate hike in July have risen'

        Summer travel costs are soaring and Canadians appear happy to pay the price: Denise Paglinawan

        The cost of getting out of Canada hasn't been this expensive in years, yet Canadians appear willing to pay the price

        Going against the herd means asking questions of your own investing strategy: Martin Pelletier

        Martin Pelletier: Ask how you could be wrong and seek out research on the other side of the argument

        Canadian homeowners feeling the pinch of rising rates: Manulife Bank debt survey: Barbara Shecter

        Almost one in four say they’ll have to sell if rates climb much higher

        Ottawa cancels ultra-long bond sale as fiscal balance sheet improves: Stephanie Hughes

        'They don’t need to issue this because the fiscal accounts are improving rapidly'

        Canada urged to lift last of its pandemic travel requirements amid massive bottlenecks at airports: Bianca Bharti

        'Canada no longer needs to be checking and vetting travellers on arrival into our country': Canadian Airports Council president

        B.C. couple's plan to cash in real estate riches to fund early tropical retirement 'awfully risky': Andrew Allentuck

        At ages 50 and 51, and with two young children, Richard and Marianne want to retire within a year and move south

        Canada's jobless rate drops to new record low — what you need to know: Kevin Carmichael

        Kevin Carmichael: If inflation wasn't so troubling, we'd be talking about the strongest labour market in memory

        Canada gains 40,000 jobs and unemployment rate falls to 5.1%: The Canadian Press

        The economy gains 40,000 jobs as the labour market continues to tighten

        FP Answers: What are the best investment options for cash in my portfolio now that bond returns are lagging: Julie Cazzin

        Don asks the Financial Post what the best options are for cash in an investment portfolio now that bonds are not working. Here's the answer.

        Tom Bradley: How investors can cut through the noise to maintain their chances of success: Tom Bradley

        Investors need to focus their research where there’s a chance of success

        Yellen Rejects Idea Corporate Greed to Blame for Inflation...: Christopher Condon, Bloomberg News

        Yellen Rejects Idea Corporate Greed to Blame for Inflation... (First column, 1st story, link) Related stories:DECLARES NO RECESSION COMING...

        Canadians depending more on home equity lines of credit even as interest rates rise: Special to Financial Post

        As HELOCs are usually based on a variable interest rate, borrowers can expect a corresponding increase in required payments. Learn more.

        Saputo's price hikes can't keep up with inflationary pressures as profits slump: Jake Edmiston

        Saputo has raised prices on retailers and restaurants, but those increases haven't been enough to offset soaring costs

        Corporate pushback is building against Trudeau's plan for tougher competition law: Jake Edmiston

        'We don't need any more backroom baseball or tapping the brakes on reform'

        Higher inflation, global tensions complicating financial system risks: Bank of Canada: Stephanie Hughes

        Higher interest rates, inflation, geopolitical tensions and high household indebtedness pose risks to Canada's financial system. Read more.

        Air Transat loses $112 million in the second quarter: What you need to know: Marisa Coulton

        Rising fuel prices continue to thwart Transat's attempts to recover from two difficult years. Here's what you need to know.

        Bank of Canada says some Canadians could see mortgage payments jump by 45% in 2025-26 as rates rise: Reuters

        Bank of Canada says some Canadians could see mortgage payments jump by 45% in 2025-26 as rates risefinancialpost.com

        How the CRA divvies up the Child Care Benefit for parents who share custody of kids: Jamie Golombek

        For parents who share custody, the amount of time spent with the kids can determine how much, if any, of the benefit they get. Find out more

        Posthaste: To tame the cost of living, consumers need to think less inflationary thoughts: Gigi Suhanic

        Posthaste: To tame the cost of living, consumers need to think less inflationary thoughtsfinancialpost.com

        William Watson: Canada's biggest carbon footprint?: William Watson

        William Watson: Canada's biggest carbon footprint?financialpost.com

        Sobeys parent teams up with Scotiabank and Cineplex on Scene+ loyalty program: Stephanie Hughes

        Grocery chain giant is stepping away from Air Miles

        [news curation]@wakanda-forever

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