News
Why $1 Million in Retirement Savings May Not Be Enough Anymore
3+ hour, 27+ min ago (437+ words) Until last year, a $1 million retirement savings account gave Canadians peace of mind to retire and live off the passive income these savings generated. However, this may not be enough anymore. Retirement is no longer defined by age. Many millennials…...
JPMorgan's Dimon warns Iran war may drive inflation and interest rates higher
1+ day, 17+ hour ago (576+ words) NEW YORK, April 6 (Reuters) - JPMorgan Chase CEO Jamie Dimon warned on Monday that the war in Iran risks oil and commodity price shocks that could keep inflation sticky and push interest rates higher than the "market now expects. The warning…...
Traders Digest Signs of Easing Middle East Tensions as US Equity Futures Rise Pre-Bell
2+ week, 1+ day ago (73+ words) US equity futures were up ahead of Monday's opening bell after President Donald Trump said he has or Oops, something went wrong Traders Digest Signs of Easing Middle East Tensions as US Equity Futures Rise Pre-Bell US equity futures were…...
IMF urges BOJ to keep raising rates even as Iran war poses new risks
3+ day, 20+ hour ago (410+ words) TOKYO, April 4 (Reuters) - The International Monetary Fund urged the Bank of Japan to continue raising interest rates, even as the Middle East war posed "significant new risks" "to the country's economic outlook. The proposal comes amid market expectations the BOJ…...
Highs and lows from the US jobs report
4+ day, 5+ hour ago (456+ words) April 3 (Reuters) - U.S. employment growth snapped back in March after a hefty decline in February, and the jobless rate declined unexpectedly to 4.3%, but economists found the headline highlights were countered by a "number of less-than-glowing details. Here are three highs and…...
Reverse mortgage rates have dropped to 6.44% in Canada — what homeowners 55+ need to know now
4+ day, 13+ hour ago (1029+ words) For many Canadians approaching or already in retirement, the math is uncomfortable: Savings haven't kept pace with the cost of living; pension income covers the basics but not much more and the house is worth more than everything else combined....
Deloitte Canada cuts GDP forecast by 20%, sees oil spike easing
5+ day, 11+ hour ago (649+ words) Deloitte Canada has shaved 20 per cent off its growth forecast for Canada's economy in 2026, citing an increasingly tough environment for consumers and businesses. The big four accounting firm predicts soaring energy prices linked to war in the Middle East will…...
Canada's February trade deficit surges to a six-month high on gold imports
5+ day, 11+ hour ago (433+ words) OTTAWA, April 2 (Reuters) - Canada's merchandise trade deficit widened by a big margin in February, data showed on Thursday, as higher gold imports took the total imports to "a record high, while exports could not match up even though it also…...
FTSE 100 Live: Stocks set to slide back as commodities reverse on Trump speech
5+ day, 21+ hour ago (389+ words) Lloyds Banking'said it "does not'currently believe" it will need to make any change to its provisions for the motor finance compensation scheme, following the final guidance issued by the financial watchdog at the start of the week. The Financial Conduct…...
March megadeals anchor global ECM in 1Q26 even as Middle East war spurs uncertainty
1+ week, 10+ hour ago (197+ words) Equity markets started the year on a strong footing, but the sudden escalation of conflict in the Middle East has since complicated issuance windows for the remainder of 2026. Global issuance reached USD 256.8 billion in 1Q26, up 43 percent year-on-year. Key insights from…...