News
Posthaste: Many Canadians' retirement saving expectations aren't matching reality
1+ hour, 59+ min ago (542+ words) 25% of working Canadians believe their savings will be their primary source of retirement income, but only 15% of retirees do Expectations rarely match reality when it comes to retirement savings, according to a new survey. About a quarter of working Canadians…...
Why mortgage brokers tend to favour variable rates over fixed
3+ hour, 56+ min ago (735+ words) Appetite for variable-rate mortgages keeps growing, depending on where you get your financing. Government data is hopelessly lagging, so I tend to check my real-time proxy for variable-rate demand: DLCG Mortgage Group (Dominion Lending Centres Inc.). They're the nation's largest…...
Will the reopening of the Strait of Hormuz ease food prices? Economists say no
3+ hour, 59+ min ago (846+ words) Canadians may still see higher food prices due to higher fertilizer prices during the planting season Commodity prices have been falling since the Strait of Hormuz reopened on Thursday, but economists say Canadians may still see higher food prices due…...
The populist case for ending easy money now
3+ day, 21+ hour ago (391+ words) Why Kevin Warsh's first big act at the Fed should be a rate hike The writer is chair of Rockefeller International. His latest book is "What Went Wrong With Capitalism" This week Kevin Warsh leads his first meeting as chair…...
A lower loonie would have direct implications for Canadian investors
4+ day, 3+ hour ago (445+ words) Martin Pelletier: A worsening economic picture is creating risks that could weigh on growth, portfolio returns and living standards While Prime Minister Mark Carney and Bank of Canada Governor Tiff Macklem may not appear overly concerned about the Canadian economy,…...
Amid all the volatility, some modest fixed-rate relief is possible
6+ day, 20+ hour ago (280+ words) Robert Mc Lister: For uninsured mortgages, you'll find the lowest advertised fixed and variable deals at regional players Oil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat. For now, markets are betting the…...
Posthaste: Why the Bank of Canada might be closer than you think to ending its pause on interest rates
1+ week, 1+ day ago (772+ words) September could mark a turning point The Bank of Canada held interest rates at 2. 25 per cent on Wednesday as it tries to balance the risks of a slowing economy against higher inflation, but one economist thinks the central bank might…...
Koho moves closer to getting banking licence after raising $130 million
1+ week, 1+ day ago (486+ words) The OSFI has said it's working on making the path to a federal banking licence 'quicker, clearer and more predictable' Koho Financial Inc. is now "late in the final stages" of obtaining a federal banking licence, says its chief executive,…...
'Red hot' U. S. inflation rises at fastest pace in more than three years
1+ week, 1+ day ago (427+ words) Here's what economists had to say about the latest U. S. inflation numbers U. S. inflation accelerated in May, in line with consensus as the consumer price index (CPI) rose 0. 5 per cent from April and 4. 2 per cent from a year earlier " the fastest pace…...
Bank of Canada 'in no rush' to hike interest rates, but leaves itself 'wiggle room,' say economists
1+ week, 1+ day ago (669+ words) Here's what economists think the latest decision means for rates for the rest of the year The Bank of Canada came off as "dovish" as it held rates at 2. 25 per cent for the fifth consecutive time while emphasizing a weak…...