Canada financial regulator: new capital guidelines for crypto assets
On Wednesday, Canada’s financial regulator proposed changes to its capital and liquidity approach to crypto assets, which can cause a risky environment in response to international banking standards. The Office of the Superintendent of Financial Institutions (OSFI) said procedures were…
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…
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…
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…
Canadian banks pricing in a recession around the end of the year: Portfolio manager
The top Canadian banks, according to one portfolio manager, are pricing in a recession to start around the end of the year, which is hurting sentiment for bank stocks. Bank stock performance has lagged behind that of the Toronto Stock…
Carlo Dade: Why Canada needs to engage China more, not less
Canada needs to communicate more with China’s leadership. An argument for deeper engagement with China may seem out of place in the current climate of hostility and attendant vehement rhetoric that characterises Canada-China relations. Not at all. It is Canada’s…