What economists are expecting from Wednesday’s Bank of Canada decision
Last Wednesday, the Bank of Canada will announce its most recent interest rate decision, and most economists believe that rates will once again be held steady. Although there have been increasing calls for a potential increase this week and even…
John Stackhouse and Gervan Fearon: Canada needs a greenprint for the next housing boom
Climate change and housing affordability are Canada’s two most important policy concerns, and they are headed for conflict. To make housing more accessible for the present generation and accommodate the next one, we will need to build close to six…
Oil ‘mega bulls’ tamed in 2023: RBC survey
According to a new RBC Capital Markets study, the most bullish predictions for U.S. benchmark crude prices have fallen more than 90% since November, indicating that oil “mega bulls” have been contained in 2023. More than two-thirds of those who…
Tesla’s Canadian market share lowest since mid-2021: S&P Global
According to S&P Global Mobility, declining Tesla (TSLA) sales in the first quarter of 2023 contributed to a decline in Canada’s registrations of zero-emission vehicles (ZEVs) from a record high at the end of last year. According to S&P’s study,…
Canopy to buy 20% stake in Indiva, gains control of Wana edibles brand in Canada
The firms announced on Tuesday that Canopy Growth Corp. had reached an agreement to acquire a small investment in Canadian sweets manufacturer Indiva Ltd. in addition to taking over the marketing and distribution of its Wana brand of cannabis-infused gummies….
Wednesday’s GDP data will be key for the Bank of Canada rate decision: Strategist
One expert noted that this week’s announcement of the gross domestic product (GDP) estimates for the Canadian economy could be significant for the Bank of Canada’s decision to hike interest rates or not. In a study published last week, macro…
Does Canada risk falling behind other countries on LNG exports?
Canada’s LNG industry could recreate a critical part in global energy safety, but risks creeping behind other countries, a specialist says. Canada is particularly positioned to supply gas through the construction of facilities on the country’s West Coast, according to…
Oil price boost finally lifts outlook for Canadian oil: S&P Global
More increased oil prices are ultimately lifting the observatory for Canada’s oilsands, 15 months after Russia’s attack on Ukraine, leading to S&P Global Commodity Insights’ first positive output revision in more than five years. “We reported last year that the…
Canada’s BMO and Scotiabank shares fall as they miss their profits.
Bank of Montreal (BMO.TO) and Bank of Nova Scotia (BNS.TO) on Wednesday missed quarterly profit estimates after facing higher expenses and setting aside more rainy-day funds. Both banks missed their quarterly profit estimates on Wednesday, with the price of their…