Lowest mortgage rates in Canada right now | Financial Post
WEB3 days ago · AB, BC, ON. 5-year fixed. Butler Mortgage. 4.19. MORE INFO. AB, BC, ON. SOURCE: MORTGAGELOGIC.NEWS. The rates displayed on this page are updated by the end of each day and are sourced from the Canadian Mortgage Rate Survey produced by MortgageLogic.news. The lowest nationally available rates are determined based on …
Toronto condo market faces biggest pullback in two decades
WEB6 days ago · If condo prices suffer another mid-to-high single-digit decline between now and early next year as TD forecasts, it will be the longest pullback since 2000. It would also be the steepest price plunge in over 20 years, possibly larger than the decline during the global financial crisis. There is context needed here though, Sondhi stresses.
Apple, Google lose multibillion dollar court fights with EU
WEB5 days ago · Apple Inc. lost its court fight over a €13 billion (US$14.4 billion) Irish tax bill and Google lost its challenge over a €2.4 billion fine for abusing its market power, in a double boost to the European Union’s crackdown on Big Tech. The EU’s Court of Justice in Luxembourg backed a landmark 2016 decision that Ireland broke state-aid law ...
RBC CEO says Canada is on the 'wrong path' | Financial Post
WEB4 days ago · The chief executive, speaking at the Canadian Club Toronto, added that Canada’s economic situation is “not bad now, but we’re definitely on the wrong path and we’ve got to start making some fundamental change to get back.”. Canada’s productivity levels and its gross domestic product (GDP) per capita have lagged in recent years.
Bank of Canada governor warns trade disruptions could put …
WEB5 days ago · Photo by Sean Kilpatrick / The Canadian Press. Slowing globalization and ongoing trade disruptions could put upward pressure on inflation, making it harder for central banks to consistently hit their two per cent targets, Bank of Canada Governor Tiff Macklem told a U.K. audience on Tuesday. “Going forward, with globalization slowing, …
Dollarama reports $285.9 million second-quarter profit - Financial …
WEB4 days ago · Photo by Peter J. Thompson/National Post. MONTREAL — Dollarama Inc. reported a second-quarter profit of $285.9 million, up from $245.8 million in the same quarter last year as its sales rose 7.4 per cent. The retailer says the profit amounted to $1.02 per diluted share for the 13-week period ended July 28, up from 86 cents per …
Higher savings rate may not save Canadians from mortgage …
WEB5 days ago · The numbers look encouraging. The savings rate hit 7.2 per cent in the second quarter, up from 6.7 per cent in the first and far above the 2 per cent average in 2019, and some have interpreted this as a sign that homeowners are putting money away to deal with higher mortgage payments to come. Story continues below.
Bank of Canada on 'straightline path' toward two more cuts
WEB5 days ago · Photo by Justin Tang / The Canadian Press. Derek Holt, vice-president and head of Capital Markets Economics at Bank of Nova Scotia, talks with Financial Post’s Larysa Harapyn about why he doesn’t expect the Bank of Canada to be “bumped off that course,” though a “bigger question mark” hangs over interest rates for next year.
TD fined US$28 milion by U.S. authorities | Financial Post
WEB4 days ago · The latest fine adds to TD’s existing woes as the bank posted a rare loss in its third quarter due to the US$2.6 billion it is keeping aside to resolve the anti-money laundering issues it faces in the U.S. as well as other financial crimes at several of its branches.. The CFPB investigation said TD repeatedly gave inaccurate account …
Digital services tax should be revoked | Financial Post
WEB5 days ago · Canada’s tax applies to foreign and Canadian digital services providers that earn total annual revenue from all sources of 750 million euros or more, and annual Canadian revenue more than $20 million a year. Peisch explained American’s issue with the tax: if two companies provide the same service and have the same revenue from people …