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News
Blockbuster jobs growth unlikely to push Bank of Canada off sidelines
12+ hour, 57+ min ago (682+ words) Canada’s unemployment rate fell to a two-year low of 6.4 per cent in July as the economy added 75,000 jobs across a wide range of industries, Statistics Canada said Friday. Here’s what economists had to say about the latest jobs numbers and…...
Why the window for cheap mortgage money may be narrowing
12+ hour, 1+ min ago (1107+ words) Robert McLister: If government borrowing costs rise, interest payments swell federal deficits and rates rise further — and the loop feeds itself CIBC Capital Markets made a rate call Thursday that mortgage borrowers should know about. In the report, the company’s…...
Variable fans not deterred as bonds pencil in hikes
13+ hour, 28+ min ago (247+ words) Robert McLister: Friday's jobs report made fixed rates look more appetizing, but people are still gobbling up variable rates Mortgage rates moved this week, if you squint hard enough. The only change worth mentioning was a five basis point bump…...
Mohamed El-Erian: Kevin Warsh is being misread
17+ hour, 27+ min ago (349+ words) The pushback against the Fed chair is unwarranted as he drives much-needed reform That is the equivalent of what has happened to Kevin Warsh, the new chair of the Federal Reserve. Judging from his initial actions, he is committed to…...
Terence Corcoran: The old trade order isn???t dead. Let???s not kill it
21+ hour, 2+ min ago (520+ words) The Churchill-Roosevelt 1941 charter created the global free-trade boom that still exists Exactly 85 years ago this coming weekend, on Aug. 9, 1941 — in the thick of World War Two — British prime minister Winston Churchill and U.S. president Franklin Roosevelt met secretly for…...
Canadians still feel financially stretched despite improvement: TransUnion survey
2+ day, 15+ hour ago (347+ words) The survey said 45 per cent of Canadians expressed optimism about their household finances over the next 12 months Canadians continue to feel affordability pressures even as they show modest signs of financial improvement, a survey by TransUnion Canada said. While its…...
Posthaste: 57% of Canadians prefer to keep their finances completely or mostly separate from their partner, survey finds
2+ day, 19+ hour ago (319+ words) Most Canadians said they viewed opening a joint bank account as a more serious commitment than moving in together Fifty-seven per cent of Canadians prefer to keep their finances either completely or mostly separate from their partner, according to a…...
Can a GIC-only RRSP, TFSA and LIRA generate enough for Miles???s retirement?
2+ day, 21+ hour ago (656+ words) Family Finance: Overly conservative investments create risks such as loss of purchasing power or possibly outliving savings The couple manage their finances independently. Unlike Eileen, who has an indexed employer pension, Miles will be relying solely on his investments, CPP…...
Terence Corcoran: Central bankers drop???Odyssean??? forward guidance
2+ day, 20+ hour ago (433+ words) What will markets do without Odysseus to guide them? For a couple of decades the Bank of Canada, the United States Federal Reserve and other central banks have been using “forward guidance” in their public communications to help financial markets…...
Our federal government keeps trying to defy economic gravity and keeps failing
3+ day, 20+ hour ago (737+ words) Kim Moody: Canada has a recurring pattern of tax measures built for a headline and drafted without regard for how people move Every time I drive across a bridge, I thank the engineers who designed it. They respect the laws…...