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Source: Financialpost January 31, 2025

Tariffs would have huge impact on housing market: Ron Butler

Watch: 'People are always going to be cautious about buying a house if they think their jobs could be in jeopardy,' broker saysRon Butler, broker with Butler Mortgage, talks with Financial Post’s Larysa Harapyn about how a trade war with the United States wo...

Source: Financialpost January 31, 2025

Trump says he will hit Canada, Mexico with 25% tariffs on Feb. 1

U.S. president stepped up his threat, adding that the tariff levels 'may or may not rise with time'United States President Donald Trump said he would follow through on his threat to impose 25 per cent tariffs on imports from Canada and Mexico on Feb. 1, citi...

Source: Financialpost January 30, 2025

Now retired, how do we withdraw funds without running out of money?

To provide their required income for life, Walter and Joanne would need about $1.8 million in investments, says adviserReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases...

Source: Financialpost January 30, 2025

Interest rates 'still too high': What economists say about latest Bank of Canada move

Cuts lending rate 25 basis points to 3%The Bank of Canada cut its benchmark lending rate by 25 basis points to three per cent in a move that was widely expected by investors and economists, but what comes next is up in the air given the looming trade war wit...

Source: Financialpost January 30, 2025

Banks cut prime rate to 5.2%, following Bank of Canada's lead

Reduction brings more relief for variable-rate mortgage borrowersRoyal Bank of Canada, Toronto Dominion Bank, Canadian Imperial Bank of Commerce, Bank of Montreal, National Bank of Canada, Desjardins Group, Equitable Bank and Bank of Nova Scotia announced We...

Source: Financialpost January 30, 2025

Canada, Mexico can avoid tariffs with border action, Lutnick says

'If we are your biggest trading partner, show us the respect, shut your border,' says Trump's commerce nomineeUnited States President Donald Trump’s pick to lead the Commerce Department said Mexico and Canada can avoid new tariffs due this weekend if they cl...

Source: Financialpost January 30, 2025

Bank of Canada cuts interest rate to 3% amid trade uncertainty with the United States

Central bank warns economic consequences of a prolonged trade war could be severeThe Bank of Canada cut its policy interest rate by 25 basis points to three per cent on Wednesday, while warning that the economic consequences of a prolonged trade war with the...

Investor Source: Financialpost January 30, 2025

Here's what sectors stand to do well under Donald Trump

Philbrick: 'We'll have to get used to more volatility for less upside'Mike Philbrick, chief executive at ReSolve Asset Management Global, talks with Financial Post’s Larysa Harapyn about what investors should be paying attention to during United States presi...

News Source: Financialpost January 30, 2025

Bank of Canada cuts interest rates: Read the official statement

Reduces key policy rate to three per centHere’s the Bank of Canada’s official statement for its rate decision: We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Bank of Canada cut...

Source: Financialpost January 29, 2025

Diane Francis: An 'existential crisis' of Canada's own making

Canada has remained subordinate to America after generations of unambitious federal leadersIn 1995, I interviewed Matthew Coon Come, who served as grand chief of the Grand Council of the Cree in Quebec. The Cree and Inuit have rights over the northern two-th...