Is the U.S. stock market in a bubble? It depends on who you ask
The unprecedented growth in big tech stocks means the U.S. now dominates global markets. U.S.-listed companies made up more than half of the world’s stock market value in 2024 and 70 per cent of the ...
US rejects Venezuelan President Maduro's reelection, but keeps financial lifeline for his government
Maduro’s promised election was neither fair nor free, and the longtime president was sworn in this month for a third six-year term despite credible evidence that his opponent got more votes. Yet, the ...
Bank of Japan Is Set to Raise Interest Rates, Trump Permitting
(Bloomberg) — Bank of Japan Governor Kazuo Ueda will size up the need to raise interest rates on Friday amid heightened expectations of a hike — and barring a market shock triggered by Donald Trump’s ...
BMO, National Bank, TD, CIBC follow U.S. banks to quit global climate alliance
The lenders join several big banks in the United States, such as JPMorgan Chase & Co., Morgan Stanley, Bank of America Corp., Citigroup Inc., Wells Fargo & Co. and Goldman Sachs Group Inc., that have ...
How TikTok grew from an app for teens into a potential national security threat
Starting in 2017, when the Chinese social video app merged with its competitor Musical.ly, TikTok has grown from a niche teen ...
FTC raises antitrust concerns about Microsoft-OpenAI partnership
Microsoft Corp.’s US$13 billion investment in OpenAI raises concerns that the tech giant could extend its dominance in cloud ...
U.S. Federal Reserve withdraws from global climate coalition
The United States Federal Reserve has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial ...
Bank of Canada promises better communication around quantitative easing, if used again
In a report following its review of actions taken in response to the pandemic, the Bank of Canada committed to using an exit ...
Canadians flock to Chinese ’RedNote’ app ahead of U.S. TikTok ban
With TikTok facing an imminent ban in the United States, many Canadian users are moving to rival Chinese social media app ...
Posthaste: Forget Donald Trump, Canada's own trade barriers amount to nearly 25% tariff
The IMF says the benefits of removing these internal trade barriers would be huge. It estimates that if trade in goods was ...
Financial Post3d
David Eby calls Trump tariffs ’economic war’ that would cost B.C. $69 billion
Eby and Finance Minister Brenda Bailey released costings that suggest the tariffs and a similar response from Canada would cumulatively cost B.C. $69 billion in lost GDP by 2028. The costings also ...
Financial Post3d
Mortgage lenders ready for rate volatility
United States president-elect President Donald Trump’s expected tariff reveal next week could throw bond yields for a loop. Given that yields generally steer fixed mortgage rates, lenders are ...