Bets against TD Bank’s stock have been on the rise in recent weeks as aftershocks from banking turmoil in the United States continue to ripple north of the border. Market analysts who spoke to Motorcycle accident toronto today say customers of one of Canada’s biggest banks have little cause for concern, and some investors could even find
Descrease article font size Increase article font size The Bank of Canada will hold interest rates at the 15-year high 4.50 per cent until the end of 2023, before starting to cut rates at the start of next year, according to a median of market participants in the central bank’s survey released on Monday. The
The First Home Savings Account (FHSA), a registered savings vehicle introduced by the Liberal government to help Canadians struggling to enter the housing market save toward a downpayment, is now available at some financial institutions. Originally a pledge as part of the 2022 federal budget, the FHSA went live on April 1, but most banks
Homebuilding in Canada is slowing down just as policymakers are trying to pick up the pace. The rapid surge in interest rates over the last year is starting to throttle the pace of homebuilding, the Canada Mortgage and Housing Corp. (CMHC) warned in a new housing supply report Wednesday.As the Bank of Canada’s interest rates
Editor’s note: A previous version of this story incorrectly identified Galen G. Weston as CEO of Loblaw. He is the company’s president, as well as CEO and president of Loblaw’s parent company, George Weston Limited. Galen G. Weston, the public face and top executive behind the Loblaws grocery chain, will step down from his role
Some Canadians have not received their entitled tax credit payments due to a “technical issue,” according to the Canada Revenue Agency. The CRA said the issue is affecting payouts of the GST/HST credit and the Ontario Trillium Benefit to some taxpayers.The agency said in a statement to Motorcycle accident toronto today on Monday that it expects fewer
Despite a sizeable drop in home prices over the past year and a slew of federal government measures aimed at addressing housing affordability, a new poll suggests Canadians are no more encouraged about breaking into the housing market. Some 63 per cent of Canadians who don’t own a home have “given up” on ever owning
Two years after it was first announced, Rogers Communications Inc.’s takeover of Shaw Communications Inc. is complete. Days after the transaction received final sign-off from Industry Minister Francois-Philippe Champagne, Rogers and Shaw made it official: two major Canadian telecom companies are now one, with a fourth player set to expand to the national stage in
Insolvency trustee Doug Hoyes encounters a lot of Canadians with money troubles, but he’s become particularly sympathetic to the plight of young people who find themselves financially underwater. For more than a decade, his Ontario-based firm Hoyes Michalos has been crunching bankruptcy and insolvency numbers for its annual “Joe Debtor” analysis, with its latest results
A new savings vehicle for Canadians saving towards their first home purchase will technically be available starting April 1, but financial institutions who spoke to Motorcycle accident toronto today say they won’t be ready to offer the account on that date and Ottawa offered no timeline for when deposits might start flowing. The Tax-Free First Home Savings