Home Prices Down 6.6% From Last Year As Sales Continue To Slump - [2022-10-19 Ikgokf]

Inflation relief or PR stunt? Loblaw's No Name price freeze looks a lot like a routine holiday tactic, insiders say: Jake Edmiston

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Loblaw's No Name price freeze isn't a big deal since it's a period when grocers face little pressure from suppliers to hike prices. Read on.

Here's who's investing in cryptocurrency in Canada: Barbara Shecter

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An OSC survey sheds light on Canadian crypto investors, and their lack of knowledge over ownership rules. Find out more.

Odds of a 75-bps hike from the Bank of Canada just went up, economists say: Gigi Suhanic

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Canada inflation numbers will give the Bank of Canada no reason to change its hawkish stance, economists said. Read on

Inflation slows to 6.9% — but that's still too fast for the BoC: What you need to know: Kevin Carmichael

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Inflation pressures in Canada appear to be receding, albeit slowly, writes Kevin Carmichael. Read on

Competition commissioner accuses Rogers, Shaw of 'abuse of process' over Telus subpoenas: Barbara Shecter

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Commissioner accuses Rogers and Shaw of conducting a “fishing expedition” by serving subpoenas on rival Telus. Find out more.

'The missing middle:' How Toronto became the biggest housing bubble in the world: Gabriel Friedman

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Episode 172 of the Down to Business podcast

FP Answers: How high could interest rates go?: Stephanie Hughes

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70% of small business owners are feeling the pinch of higher rates

Growing debt could threaten stability as rates rise, says Bank of Canada's Rogers: Stephanie Hughes

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Concern acknowledges balancing act the central bank faces as it fights inflation

David Rosenberg: Goodbye TINA, hello safety and income at a reasonable price: David Rosenberg

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David Rosenberg and Brendan Livingstone: Cash is no longer trash, and investors can find alternatives for yield. Read on.

Robots with brooms are filling commercial cleaning jobs, but don't count humans out just yet: Joe O'Connor

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Ontario company Avidbots makes cleaning robots that are helping to fill gaps in company staffing needs. Find out more.

Robots with brooms: Ontario-company Avidbots poised to sweep commercial cleaning market: Joe O'Connor

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Commercial cleaning robots are anticipated to evolve into a US$10-billion annual market. Read more.

Navdeep Bains: How Canada can win the war for talent and become richer too: Special to Financial Post

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Canada must create a more robust and better functioning immigration system, write Navdeep Bains and Elder C. Marques. Read more.

Noah Solomon: How low can markets go? History offers some clues: Special to Financial Post

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Value stock outperformance is in the early stages and has plenty of room to run. Read more.

Opinion: School boards should focus on academics and order: Special To Financial Post

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School boards need to prioritize academics if we want to see real gains in student achievement, writes Michael Zwaagstra. Read on.

War in Ukraine highlights that Canada has become a lightweight nation: Diane Francis

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Canadians live in a great, big, rich country that is run by very small-minded, isolated people, writes Diane Francis. Read on.

U.S. says Chinese lithium-ion batteries are made with child labour as trade war spills into EVs: Naimul Karim

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Experts say it's a subtle example of how the U.S. intends to offset China's influence in the transition to electric vehicles. Read more.

Loblaw freezes No Name prices to combat inflation in first for Canadian grocer: Jake Edmiston

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Loblaw Companies Ltd. will freeze prices on all No Name products for more than three months to fight inflation. Read more

Trial begins for former CannTrust trio accused over unlicensed cannabis growing: Barbara Shecter

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CannTrust Holdings Inc. CEO and two former directors are on trial facing quasi-criminal charges including include fraud and insider trading.

Drinking the housing bubble tea: Report labelling Toronto, Vancouver markets as frothy contradicts itself: Special to Financial Post

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UBS report rings alarm bells over Toronto, Vancouver housing bubbles, but predicts prices and sales will rise again. Keep reading.

Canadian Tire's break with Hockey Canada shows it's no longer just a store for guys: Bianca Bharti

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Canadian Tire now sees itself as an embodiment of national values that must also keep up with the times, strategist says. Find out more.

It's time for investors to stop complaining and spending so much, save some money and put it to work: Martin Pelletier

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Martin Pelletier: There are several things investors can do to protect themselves in this worsening market environment. Read on.

Gates Foundation pledges $1.2B to eradicate polio globally - Financial Post: The Associated Press

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Gates Foundation pledges $1.2B to eradicate polio globally Financial Post

Polio: Bill Gates Foundation pledges billions for support CTV News

Gates Foundation pledges $1.2B to eradicate polio globally – Campbell River Mirror Camp…

Putting market mayhem in perspective: FP's top videos: Financial Post Staff

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Market volatility, recession warnings and housing market declines have dominated the week and FP Video is putting it in context. Read on

Canada will fast-track energy and mining projects important to allies: Meghan Potkins

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'The curse of oil is real,' said Canada's Deputy Prime Minister Chrystia Freeland. Read on.

Home prices down 6.6% from last year as sales continue to slump: Shantaé Campbell

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The housing slump continues with the Canadian Real Estate Association reporting further declines in the market for September. Read on

Pre-construction condo flippers may be left holding the bag as buyers disappear: Stephanie Hughes

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Stagnating condo prices are making it more difficult for owners to exit their investments. Find out more

CPPIB is staying in the market, 'buying equities when equities are selling off': CEO: Barbara Shecter

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The Canada Pension Plan Investment Board has had a 'bumpy' year down 4.2% in the first quarter, but still ahead of world indices. Read on

FP Answers: Is our conservative investment plan really the right one for us?: Julie Cazzin

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Knowing your lifestyle wants will lead to appropriate asset allocation decisions, experts say. Read more.

Communitech adds 26 companies to its Team True North of hotshot tech companies: Bianca Bharti

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The Team True North companies produce $131 million in annual revenue and yearly growth of 200% on average. Read more.

One taxpayer discovers the CRA can deny business expenses even after the normal assessment period: Jamie Golombek

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One taxpayer learned the Canada Revenue Agency can reassess business expenses beyond the normal assessment period. Jamie Golombek explains.

Home prices to turn negative for 2022: Royal LePage: Shantaé Campbell

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Royal LePage says home prices fell to $774,900 from $815,000 in the second quarter and revised its fourth quarter forecast down. Read more.

Don’t let the market noise drown out what's right for you: Tom Bradley

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That includes looking after the things you can control right now, says Tom Bradley. Read on

IMF warns of substantial cooling, possible recession in Canada: Financial Post Staff

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IMF says shocks could easily push Canada's economy into a mild recession. Find out more

Poilievre a better inflation fighter than Trudeau: poll: Hsbc Breadcrumb

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A third of Canadians trust the Conservative leader to do a better job on inflation compared with 22 per cent for the prime minister. Read on

World set for first 'significant destruction' of wealth since 2008 financial crisis, says Allianz: Pamela Heaven

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In real terms, households could lose a tenth of their wealth, according to Allianz's 2022 global wealth report. Find out more

Competition Bureau opens investigation into RBC over climate claims: Barbara Shecter

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Canada’s largest bank has been accused of making misleading claims about taking action on climate change. Read on

Planning for your final years helps you and your children adjust with a little less guilt: Special to Financial Post

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The best gift you can give your adult children is to complete your estate and eldercare plan. Read on.

Canada Post launches loan program with TD Bank Group: The Canadian Press

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Canada Post is teaming up with TD Bank Group to offer loans starting at $1,000. Find out more

A recession in Canada will likely strike sooner than first predicted, Royal Bank says: Gigi Suhanic

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Economists advance their forecast from the second quarter of 2023 to the first quarter. Read on

Selling Freedom Mobile to Quebecor would lead to lower prices for consumers, analyst argues: Barbara Shecter

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There's a compelling case for Rogers Communications and Shaw to sell Freedom Mobile to Quebecor, analyst says. Read on

Alberta's new premier puts Ottawa on notice over oil and gas: Meghan Potkins

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Alberta Premier Danielle Smith promises her United Conservative Party will fight overreach by Ottawa into provincial jurisdiction. Read more

Cash may be king, but cash flow rules in times of volatility: Special to Financial Post

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Cash-flow-producing assets can be one of the most powerful tools available for boosting investor returns in the long run. Read more.

Exposing the dark side of the green transition: Gabriel Friedman

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Episode 171 of Down to Business podcast

Ottawa to pour up to $222 million in Rio Tinto's Quebec facility: Naimul Karim

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Rio Tinto Ltd. has pledged to reduce greenhouse gas emissions by 70%. Read more.

Opinion: Alberta's Danielle Smith a needed counterbalance to Ottawa: Diane Francis

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Opinion: Alberta's Danielle Smith a needed counterbalance to Ottawafinancialpost.com

'Worst is yet to come:' IMF slashes growth outlook as recession risks grow: Stephanie Hughes

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IMF slashed its forecast for 2023 global economic growth as high inflation and rising interest rates raise risk of recession. Read more

Canada's pension system holds steady in global ranking as retirement risks rise: Barbara Shecter

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Canada maintained its B-level rating in the 2022 Mercer CFA Institute Global Pension Index, but retirees face challenges. Find out more.

Households are feeling bleak about Canada's economic prospects this fall: Kevin Carmichael

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Canadians fearing a downturn have begun stashing away money, a Maru Public Opinion poll shows. Find out more.

Canadians snowbirds in Florida face cost-of-living crunch as real estate, rental prices rise: Shantaé Campbell

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Canadians in Florida face stiff competition in the rental and homeownership markets along with high inflation and a low loonie. Read on.

NTT and the University of Tokyo Produce the World's First Communication Signal Generated from an Environmentally Friendly Circuit and Battery - Financial Post: Business Wire

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NTT and the University of Tokyo Produce the World's First Communication Signal Generated from an Environmentally Friendly Circuit and Battery Financial Post

The technologies developed to sustain life on Mars could revolutionize life back on Earth - Financial Post: Lenore Newman and Evan D.G. Fraser, Special to Financial Post

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Book excerpt: Imagine that today’s date is in the 2080s and you are part of the third or fourth wave of immigrants to the Red Planet

Encouraging signs for investors lie ahead despite all the doom and gloom: Martin Pelletier

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Martin Pelletier: The probabilities point to a win for those betting on the house rather than persistently against it. Read on.

What you need to know about the price of the loonie, rate hikes and more: Financial Post Staff

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Here are the top videos on the Financial Post this week

B.C. couple who used home as ATM in a cash crunch amid housing downturn: Andrew Allentuck

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Rising interest rates have dealt this B.C. couple a double whammy as they try to sell their home and buy a new one. Find out more.

Opinion: Climate extremists don’t speak for Indigenous groups: Special To Financial Post

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They behave like modern-day colonialists when they impose their agendas on communities. Read on

More interest rate hikes on the way: What economists say about Canada's jobs numbers: Gigi Suhanic

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Flat jobs reading points to more action from the Bank of Canada, economists predict

Canada's unemployment rate drops to 5.2%: What you need to know: Kevin Carmichael

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Employment was little changed, but wages rose 5.2 per cent from last year, Statistics Canada said. Find out more.

Lundin Mining faces $13-million fine as Chile files charges linked to sinkhole: Naimul Karim

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Lundin Mining Corp. is facing four charges from Chile's environmental watchdog related to a sinkhole at a copper mine in July. Find out more.

Rocket man: It could take a long, long time, but startup has lit the fuse for a NASA north: Joe O'Connor

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A former U.S. space agency engineer is on a mission to build a commercial spaceport in Nova Scotia. Read more here

Five reasons bad news is not always bad news for investors: Peter Hodson

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Peter Hodson offers five thoughts to help ensure you are not selling at the exact bottom of this market cycle. Read more.

FP Answers: What should I do with a $275,000 payout from my critical illness insurance policy?: Julie Cazzin

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Justine wonders whether she should add money to her TFSAs, RRSPs or RESPs, or is it best to pay down her mortgage? Read the answer.

TFSA rules land two more taxpayers in hot water with the CRA: Jamie Golombek

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Jamie Golombek: The cases involved an overcontribution and the constitutionality of the TFSA's 100-per-cent advantage tax

A burning Alberta bridge stalls grain shipments, showing the fragility of Canada's supply chains: Jake Edmiston

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The bridge severed the only rail link in or out of Grand Prairie, causing backlogs for grain shippers. Read more.

Are You Having an Ideal, Disengaged or Toxic Day? It Matters...: Arianne Cohen, Bloomberg News

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Are You Having an Ideal, Disengaged or Toxic Day? It Matters... (First column, 11th story, link) Related stories:What petting dog can do for brain... Drudge Report Feed needs your support! Become a Patron

Canadian Tire permanently cuts ties with Hockey Canada over sexual assault allegations: Bianca Bharti

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Canadian Tire says Hockey Canada 'continues to resist meaningful change' in its decision to permanently end the partnership. Read more.

OSC head promises 'most serious consequences' for crypto companies encouraging VPN use to avoid rules: Barbara Shecter

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There are suggestions that global crypto companies may be enticing Ontario investors to avert rules by masking their location. Read more.

Low-flying loonie means interest rates could stay higher for longer: Stephanie Hughes

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Lagging Canadian dollar is making the Bank of Canada's inflation fight that much harder

Not enough workers to build homes needed to address housing affordability: CMHC: Shantaé Campbell

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There is only enough labour to build 2.3 million new dwellings by 2030, well shy of the 3.5 million the agency says is needed. Read more.

'Canada will get left behind': U.S. incentives for carbon capture could lure investment south: Meghan Potkins

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Biden's new climate package outstrips what's on offer from Canada in terms of tax credits and price assurances. Find out more.

Big Six banks' price targets slashed by Bay Street analyst: Stephanie Hughes

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Canadian banks face higher provisions for bad loans and an increase in debt-servicing costs, the Veritas analyst says. Read on.

There's only five paycheques to Christmas so start budgeting now: Special to Financial Post

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Just like Santa, it’s all about your list. Read on

Suncor sells wind, solar assets to focus on hydrogen, renewable fuels: Reuters

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Suncor sells wind, solar assets to focus on hydrogen, renewable fuelsfinancialpost.com

House committee to probe big grocers' profits, prolonging industry's PR struggle: Jake Edmiston

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Michael Medline said the push is based on a faulty political narrative meant to 'score some points' in Ottawa. Read more.

Baffinland gets a green light to continue mining in Nunavut, saving more than 1,000 jobs: Naimul Karim

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Regulator approves higher extraction limit with clock ticking on layoffs. Read more here

Mo' money, mo' problems: Even the wealthy are worrying about their financial future: Ted Rechtshaffen

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There's a list of problems that are only created with more money, writes Ted Rechtshaffen. Read more.

Pension fund strategy that caused U.K. chaos less prevalent in Canada, insiders say: Barbara Shecter

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The bond market meltdown dredged up memories of the 'death spirals' of the 2008 financial crisis. Read more here

Meet Loblaw's driverless trucks, now making e-commerce deliveries around the Toronto area: Jake Edmiston

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The fleet of five trucks are the first autonomous commercial delivery vehicles in Canada. Find out more.

From scrap metal dealer to billionaire: How Anil Agarwal built one of the world's largest mining companies: Gabriel Friedman

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Anil Agarwal is an Indian billionaire and founder and chairman of Vedanta Resources Ltd. Listen to episode 169 of Down to Business.

Toronto home sales down 44.1% from a year ago in September: Shantaé Campbell

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New listings were also down on a year-over-year basis by 16.7 per cent, according to TRREB data. Find out more.

Nursing Shortage Sparks Bidding War as Countries Vie for Talent...: Kanoko Matsuyama and Andreo Calonzo, Bloomberg News

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Nursing Shortage Sparks Bidding War as Countries Vie for Talent... (Second column, 19th story, link) Related stories:NIH awards new grant to org at center of covid lab leak controversy... Germaphobe Howard Stern leaves 'apocalypse bunke…

Centerra stock pops after miner announces share buyback, extends life of a B.C. mine: Naimul Karim

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Centerra said it would purchase about 7.1 per cent of its outstanding 220 million shares. Find out more.

Employers are missing out on this pool of potential employees eager to work: Victoria Wells

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Victoria Wells: Mothers of young children want to work, but they face barriers fathers don't, says a C.D. Howe study

Pipeline giant TC Energy to build $146-million solar farm in southern Alberta: Meghan Potkins

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Saddlebrook Solar Project will be the company's first solar power project, with a capacity to generate 81 megawatts. Find out more.

Calgary housing market keeps cooling in September: Shantaé Campbell

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Sales and new listings were down for the sixth straight month and benchmark prices dipped slightly from August. Find out more.

David Rosenberg: Equities are generally not pricing in a recession yet, but one asset class is: David Rosenberg

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Canadian equities likely have a bit further to fall, but won't decline as much as in prior recessionary periods. Read more.

Reunited might not feel so good if you signed a prior separation agreement: Special to Financial Post

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Reconciling can be legally complicated. Read more here

Sure, you have insurance, but, like most, it's probably not enough: Special to Financial Post

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About 67 per cent of Canadians have private insurance, but your employer's group benefits likely won't cover all scenarios

LNG Canada, country's $40-billion 'second chance' at becoming a global LNG leader, takes shape: Meghan Potkins

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More than 70% complete, LNG Canada promises to unlock the full economic potential of Canada’s rich gas reserves for the first time. Read on.

Eric Nuttall: The bullish supply-demand case for oil — looming recession aside: Eric Nuttall

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Prices have fallen 33 per cent since the summer, writes Eric Nuttall. Read more.

CEOs are convinced a recession is coming, but small businesses aren't so sure: KPMG: Denise Paglinawan

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Entrepreneurs are being less aggressive when it comes to taking pre-emptive measures, studies suggest. Find out more.

Legault set to win Quebec election to dismay of Montreal business community: Marisa Coulton

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The premier's views on immigration have created a gulf between him and employers. Find out more.

If open banking is for consumers, why are they missing from the discussion?: Special to Financial Post

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Canadians, the core stakeholders set to benefit from data mobility rights, are an afterthought, write Vass Bednar and Robert Fay. Read on.

Canada need only look to Australia to see how Liberals have messed up: Diane Francis

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Australia is economically superior to Canada and is a social democracy with the same health and social benefits, says Diane Francis. Read on.

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[news curation]@wakanda-forever

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