Tsunami of small business owners planning to exit, putting $2 trillion on the line

Three in four small business owners plan to exit their companies in the next decade Seventy-six per cent of owners plan to exit their businesses within 10 years, CFIB says. Photo by Lyle Aspinall/Postmedia Network More than three-quarters of small- and medium-sized business owners plan to exit their companies in the next decade, adding urgency… Continue reading Tsunami of small business owners planning to exit, putting $2 trillion on the line

Amazon, Salesforce job cuts are warning signs for stock prices

‘It can’t be good circumstances if you’re getting rid of 10,000 people’ Author of the article: Bloomberg News Ryan Vlastelica Published Jan 10, 2023  •  3 minute read Join the conversation An Amazon.com Inc. delivery worker pulls a delivery cart full of packages in New York City, U.S. Photo by Brendan McDermid/Reuters/File Photo Tens of… Continue reading Amazon, Salesforce job cuts are warning signs for stock prices

Why Scotiabank’s chief economist thinks the Bank of Canada won’t bring inflation back to 2%

‘There has been a loss of credibility’ Published Jan 14, 2023  •  Last updated 14 hours ago  •  3 minute read 7 Comments Bank of Nova Scotia chief economist Jean-François Perrault. Photo by Peter J Thompson/National Post files Bank of Nova Scotia chief economist Jean-François Perrault doesn’t believe Bank of Canada governor Tiff Macklem when he… Continue reading Why Scotiabank’s chief economist thinks the Bank of Canada won’t bring inflation back to 2%

Mortgage stress test, bank’s new chief and price peak: The week’s top 7 stories

Watch: Financial Post reporter Stephanie Hughes counts down the stories that made headlines this week U.S. President Joe Biden, President of Mexico Andres Manuel Lopez Obrador and Prime Minister of Canada Justin Trudeau hug each other during a message for the media as part of the 2023 North American Leaders Summit at Palacio Nacional on… Continue reading Mortgage stress test, bank’s new chief and price peak: The week’s top 7 stories

‘The declines already happened’: Why Royal LePage thinks home prices will flatten out in 2023

Canadians can expect to see progressively slower price declines as the year goes on A ‘for sale’ sign is displayed outside a home in Toronto. Photo by Carlos Osorio/Reuters files Canadian home prices posted their first year-over-year price decline since the the global financial crisis in 2022, and while the slump may continue to start… Continue reading ‘The declines already happened’: Why Royal LePage thinks home prices will flatten out in 2023

Banking watchdog seeks public input on beefing up stress tests for homebuyers as risks rise

OSFI looking at range of extra measures to mitigate rising lending risks Mortgage lending risks are rising as rising interest rates make payments more onerous for households already struggling with heavy debt loads. Photo by Tyler Anderson/National Post Canada’s top bank regulator is seeking public input on whether it should beef up “stress tests” imposed… Continue reading Banking watchdog seeks public input on beefing up stress tests for homebuyers as risks rise

‘A mad rush’: How Loblaws’ fight with FritoLay forced Neal Brothers to up its snack-food game

Loblaws deal led to Neal Brothers merger with rival distributor Jonluca Enterprises Neal Brothers chips became more prominent on grocery shelves due to the sudden lack of product from Frito-Lay.  Photo by Handout/Peter Neal About this time last year, Neal Brothers Foods caught a break. Its biggest customer, and the largest grocery chain in Canada,… Continue reading ‘A mad rush’: How Loblaws’ fight with FritoLay forced Neal Brothers to up its snack-food game

David Rosenberg: Yet another bear market rally, but don’t get sucked in by the hype just yet

If this year’s rally stalls out, as it did so many times in last year’s bear market, you’ll be happy you didn’t follow the herd A trader on the floor of the New York Stock Exchange. Photo by TIMOTHY A. CLARY/AFP via Getty Images files With the 10-year T-note yield sliding this week to 3.44… Continue reading David Rosenberg: Yet another bear market rally, but don’t get sucked in by the hype just yet