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Source: Financialpost March 14, 2025

Canadians hit tipping point on tips, say they are too high and too pushy

Average consumer thinks 9% is appropriate, far below the typical gratuity promptReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Most...

Source: Financialpost March 14, 2025

Canadians get wealthier again, hitting a new high of $17.5 trillion — but trade storm clouds loom

Household net worth ended the year with nearly $1.2 trillion in added wealth compared with the end of 2023, Statistics Canada saidTotal household net worth rose in all four quarters of 2024, hitting $17.495 trillion in the latest quarter, according to Statis...

Source: Financialpost March 14, 2025

Canada faces a recession followed by 'long, long recovery' if 25% tariffs stick: Desjardins CEO

Watch: Guy Cormier talks about what could lie ahead for Canada in Donald Trump's trade warGuy Cormier, chief executive of Desjardins Group, talks with Financial Post’s Larysa Harapyn about what could lie ahead for Canada in Donald Trump’s trade war. We apo...

Source: Financialpost March 14, 2025

Empire says sales of U.S. products 'rapidly' dropping

The Stellarton, N.S.-based company typically sourced 12% of products from the U.S. by dollar value, but that number is fallingCanada’s second-biggest supermarket company said a boycott of U.S. goods is quickly taking hold in reaction to United States Preside...

FP Comment Source: Financialpost March 14, 2025

Opinion: How to counter a chaos strategist

Often underestimated, Donald Trump in fact follows the classic rules strategy. We need to respond with twists of our ownBy Ian Robertson We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our t...

Source: Financialpost March 13, 2025

Trump tariffs could destroy U.S. demand for aluminum: Industry group

Coca-Cola last month said it would shift to using more plastic bottlesMONTREAL — A representative of Canada’s aluminum industry says the Trump administration’s 25 per cent tariffs could destroy demand for the metal in the American market. We apologize, but...

Source: Financialpost March 13, 2025

Tariff war challenges Canadian pension funds to maintain their momentum

HOOPP CEO hopes Canada's next prime minister and government will bring back real return bonds Get the latest from Barbara Shecter straight to your inbox Sign Up Pension funds that were buoyed by soaring stock markets and growing economies that helped...

Source: Financialpost March 13, 2025

Banks cut prime rate to 4.95%, following Bank of Canada's lead

Reduction takes effect March 13Royal Bank of Canada, Toronto-Dominion Bank, Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Laurentian Bank of Canada, Desjardins Group, National Bank of Canada and Equitable Bank announced Wednesday...

FP Comment Source: Financialpost March 13, 2025

Matthew Lau: Is Carney just like Justin or lots like Kathleen (Wynne)?

The former Ontario premier took over from a once popular predecessor and, using the same playbook, ran the province further into the groundIn the face of an erratic Donald Trump and because Justin Trudeau left our economy in shambles, Canada desperately need...

Economy Source: Financialpost March 13, 2025

Canadian dollar looks through Bank of Canada rate cut and tariff mayhem — for now

There are voices in the investor community who think tariffs will win out over inflation, making more rate cuts likelyThe Canadian dollar rose after the Bank of Canada announced its seventh consecutive rate cut as investors appeared to look through the lates...