Daily News

Source: Financialpost December 13, 2022

Here's where David Dodge thinks the economy and the central bank are heading next

'Some of those who've gotten themselves on the edge in 2021 may be in trouble' The Bank of Canada’s attempts to curb inflation won’t hit the economy in full until the middle of next year, but should be significant enough that only a small add...

Source: Financialpost December 13, 2022

Posthaste: How long borrowers might have to wait for interest rate relief

Don't hold your breath Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. We apologize, but this v...

Source: Financialpost December 13, 2022

TC Energy's troubles mount as Keystone spill remains unexplained after five days

Shaping up to be one of the worst onshore crude spills in the U.S. in nearly a decade More than five days after TC Energy Corp. shut down its Keystone pipeline to the United States, the company still hasn’t said what caused the 14,000-barrel sp...

Economy Source: Financialpost December 13, 2022

Tiff Macklem says elevated debt might make households more sensitive to rate hikes

It's 'plausible' that higher interest rates could slow the economy faster than in the past Bank of Canada governor Tiff Macklem said it’s “plausible” that higher interest rates could slow the economy faster than in the past, while also acknowle...

Source: Bankofcanada December 12, 2022

Reflections on 2022

Governor Tiff Macklem discusses the important lessons from events in 2022 and what the Bank is doing to restore price stability for Canadians. Watch Go...

Source: Financialpost December 12, 2022

Bank of Canada says monetary policy is working, sticky inflation a risk

Governor Tiff Macklem said there is a risk sticky inflation will require 'much higher' interest rates OTTAWA — The Bank of Canada‘s rapid-fire rate hikes are starting to slow the economy, its governor said on Monday, and while the bank wants to...

Source: Financialpost December 12, 2022

Canadians have lost $500 billion in paper wealth, but there's a silver lining

Kevin Carmichael: Maybe companies are finally ready to take the baton from Canada's over-extended households The country was more than $500 billion poorer in the third quarter, according to Statistics Canada’s latest tally of assets and liabili...

Source: Financialpost December 12, 2022

'Sucked for Canada': Shopify’s 70% plunge almost single-handedly dragged the TSX into the red

Without it, the index would be down less than two per cent this year, rather than six per cent Shopify Inc.’s 70 per cent plunge has almost single-handedly dragged the Canadian stock market into the red this year, taking the shine off what woul...

Source: Financialpost December 12, 2022

Posthaste: Prices need to fall another 40% to make buying a home in these cities affordable

Study finds homeowners paying $24,200 more a year just on interest Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page....

Source: Financialpost December 12, 2022

Storm only just beginning in the real estate investment market and two other trouble spots

Martin Pelletier: Investors should watch these three areas with caution and consider some alternatives for each A portfolio manager’s job is to always flush out risks and factor them into the investment decision-making process, though year-end...