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It’s Friday, May 15. Here are the top stories we’re following today.
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Leading up to the Bank of Canada’s first rate cut in June 2024, every real estate watercooler in Canada was humming with chatter about a looming mortgage “renewal shock” or “renewal cliff.” But what if that quake wasn’t the only one? What if it was just a foreshock to the next tremor — one that’s building beneath our feet today?
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Toronto-based Xanadu Quantum Technologies Ltd.‘s revenue quadrupled in the first quarter compared to a year ago, but it still lost more money as it continued to spend heavily on research and development.
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There is no easy solution to this conundrum but it’s critical for the parents to create a plan, experts say.
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Executive terminations may be less explosive than they once were — but they are certainly more nuanced and sophisticated, writes Howard Levitt.
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To serve Canadians with better choices, we need to rewrite the rules for challengers trying to enter the banking arena, writes Andrew Chau.
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