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Check FAQAbout Kait
Kait Bolongaro is an award-winning online and broadcast journalist based in Brussels, Belgium.
Fact Checking
Portfolio
TD’s new CEO to have a ‘fresh slate,’ but other challenges will arise, shareholder says
A shareholder believes that the recently announced CEO change at Toronto-Dominion Bank will provide the bank with a fresh start, although other challenges are expected to arise.
Coast Guard can stop poaching
Lobster poaching by American fishers in Maine and New Brunswick is a significant issue, prompting calls for the federal Department of Fisheries and Oceans to take decisive action. The suggested measures include deploying Coast Guard ships to deter intruders and seeking a better resolution with U.S. authorities.
Hedge Funds Most Bearish on Commodities Since at Least 2011
Hedge funds are exhibiting the most bearish outlook on commodities prices in at least 13 years due to concerns over a deeper economic slowdown, which is raising doubts about the demand for crude oil, metals, and grains.
‘Inflation going to zero’ if BoC too slow to bring rates down
A veteran Bay Street economist, David Rosenberg, predicts that the Bank of Canada will need to reduce borrowing costs to pre-pandemic levels to avoid a deflationary scenario, suggesting that inflation could drop to zero if the central bank is too slow to act.
How a Year of the Fed’s High Rates Has Affected the US Economy
The Federal Reserve has maintained borrowing costs at a more than two-decade high for a full year, leading to surprising results for the US economy.
How ETFs can make your portfolio future-ready
Positioning your portfolio to be prepared for future opportunities like Nvidia can be achieved through market-weighted exchange-traded funds (ETFs).
Rosenberg says BoC’s rate cut was ‘100% the right move,’ predicts more to come
David Rosenberg, a veteran from Bay Street, supports the Bank of Canada's decision to lower its key interest rate to 4.75% and predicts further cuts in the near future.
Trudeau Targets Big Canadian Banks, Vowing Surtax on Profits
Justin Trudeau, leader of the Liberal Party, announced a proposal to increase the corporate income tax rate by three percentage points on profits over C$1 billion at financial institutions, aiming to generate C$2.5 billion over four years. The Canadian Bankers Association criticized the move, arguing it would harm economic growth. The proposal is part of Trudeau's broader campaign strategy to regain momentum and appeal to progressive voters. The announcement coincided with strong earnings reports from major Canadian banks, which could see a reduction in earnings per share by 2% to 3% due to the proposed tax.
Trudeau Targets Big Canadian Banks, Vowing Surtax on Profits
Prime Minister Justin Trudeau, during a campaign stop in Vancouver, pledged to impose a 3% surtax on profits over C$1 billion at Canada's big banks and insurers. This measure aims to increase the corporate income tax rate from 15% to 18%, generating an estimated C$2.5 billion over the next four years starting in 2022. Industry groups have expressed opposition to the proposal.
We are all Panamanian: Panama's Muslims and Jews live in peace
In Panama, Muslims and Jews coexist peacefully, fostering inter-religious dialogue and collaboration, particularly in business. Despite the global Israel-Palestine conflict, both communities avoid importing political tensions, focusing instead on shared humanity and national identity. Panama's strategic location and historical ties with the United States influence its political stance towards Israel. The country's inclusive society serves as a model for peaceful coexistence, with religious leaders advocating for unity and mutual respect.
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