Daily News

News Source: Financialpost January 28, 2025

Bank of Canada widely expected to cut interest rate as tariff threat looms

Most economists believe a trade war with the U.S. would push Canada's economy into a recessionThe Bank of Canada is expected to cut its policy rate by 25 basis points on Wednesday, amid widespread trade uncertainty with the United States. We apologize, bu...

Source: Financialpost January 27, 2025

Trump Imposes Tariffs, Sanctions on Colombia in Migrant Dispute

President Donald Trump imposed tariffs and sanctions on Colombia hours after its leftist president refused to allow two military planes carrying deported migrants to land, punishing a US ally for stepping even partially out of line with his immigration goals...

Source: Financialpost January 27, 2025

Trump Seizes Wartime Powers in Battle for More Fossil Fuels

President Donald Trump’s declaration of an energy emergency opens the door to wield sweeping Cold War-era powers and little-known authorities to fast track pipelines, expand power grids and save struggling coal plants.(Bloomberg) — President Donald Trump’s d...

Source: Financialpost January 26, 2025

How can I cut my kids out of my will and leave it all to an animal shelter?

FP Answers: You can do what you want if you have the mental and legal capacity to create a valid will. But there are a few caveats.Q. I live in Ontario, am 64 years old, and just sold my home. I have a small registered retirement savings plan (RRSP) and will...

Source: Financialpost January 26, 2025

Costco faces down anti-DEI group as Trump stokes backlash

Stands behind policy as companies such as Meta and Walmart beat hasty retreatAs many American companies beat a hasty retreat from the diversity, equity and inclusion programs they once embraced, bulk retailer Costco Wholesale Corp. has become one of DEI’s fe...

Source: Financialpost January 26, 2025

Taxpayer with more expenses than income not allowed to carry them forward

Jamie Golombek: While salaried employees can carry some expenses over year to year, commissioned employees face limitsReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases...

Source: Financialpost January 25, 2025

What Amazon's Quebec exit means for shoppers, workers, landlords and government

The e-commerce giant announced this week it will shutter all seven of its facilities in the province by MarchAmazon.com Inc. surprised its Quebec workers on Wednesday by announcing it will shutter all seven of its facilities in the province by March, laying...

Source: Financialpost January 25, 2025

Canada, Mexico steelmakers refuse new U.S. orders

Stelco has been telling U.S.-based consumers it is pausing sales quotesSome steelmakers in Canada and Mexico are telling customers that they are refusing new orders to the United States on concerns that President Donald Trump soon will reimpose duties. We...

Economy Source: Financialpost January 25, 2025

Conference Board of Canada sees 1.5% growth this year amid tariff uncertainty

The pace of growth is forecast to increase to 1.9% in 2026OTTAWA — The Conference Board of Canada is forecasting the domestic economy will grow 1.5 per cent in 2025 as the potential for U.S. tariffs on Canadian exports and a pullback in immigration weigh on...

News Source: Financialpost January 25, 2025

JPMorgan sees 'massive' demand for loonie hedges amid tariff risks

The threat of a 25% tariff on Canadian imports has Wall Street currency-watchers forecasting record lowsInvestors are piling into hedges against a weaker Canadian dollar at a historic pace, seeking shelter from the impact of possible U.S. tariffs, according...