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Source: Financialpost May 18, 2023

Posthaste: Canadians' dream of a simple retirement at home faces some major headwinds

Health-care worker shortages, high costs of in-home care and failure to plan ahead complicating retirement plans We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos...

Source: Financialpost May 18, 2023

The Unemployment Gap between English Speakers and French Speakers in Québec has Doubled, New Census Data Reveals

This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire...

Source: Financialpost May 18, 2023

What if interest rate hikes are doing more harm than good?

Episode 194 of Down of Business podcast Get the latest from Gabriel Friedman straight to your inbox Sign Up Lately, news about inflation has been positive in a good way. Compared to a year ago, when inflation was 8 per cent, the consu...

Source: Financialpost May 18, 2023

'The laptop class is living in la-la land': Elon Musk calls working from home 'morally wrong'

Remote work lowers productivity and sends wrong signal to workers who don’t have that option Elon Musk is calling out people who work from home, saying it’s an affront to those who must show up at the workplace. THIS CONTENT IS RESERVED...

Source: BNN Bloomberg May 17, 2023

U.S. 30-year yields hit highest since bank turmoil

Wall Street traders geared up for any updates on whether Washington lawmakers will be able to raise the U.S. debt ceiling and prevent a historic default, with both stocks and bonds falling. Yields rose across the U.S. curve, with the rate on 30-year notes...

Source: BNN Bloomberg May 17, 2023

Dow Average sinks 1% with Washington in focus

Wall Street traders remained glued to the latest developments on whether Washington will raise the debt ceiling and prevent a historic default, with both stocks and bonds falling. The Dow Jones Industrial Average sank 1 per cent, underperforming other benc...

Market Call Source: BNN Bloomberg May 17, 2023

Gordon Reid's Top Picks: May 16, 2023

Gordon Reid, president and chief executive officer, Goodreid Investment Counsel FOCUS: U.S. equities  MARKET OUTLOOK: Market consensus, which was largely bearish in the early part of 2023, is beginning to turn more positive. The primary reasons are...

Source: Financialpost May 17, 2023

Mortgage interest costs surge 28.5%, fuelling inflation and putting homeowners in the crosshairs

First increase in consumer price index since June 2022 Get the latest from Barbara Shecter straight to your inbox Sign Up Soaring mortgage interest costs and higher rents in April helped drive the first rise in headline consumer infla...

Source: Financialpost May 17, 2023

Risk of rate hike rises: What economists say about Canada's inflation surprise

Last big data before Bank of Canada decision comes in hotter than expected April inflation took economists by surprise, accelerating 4.4 per cent from a year ago, instead of the forecasted 4.1 per cent. THIS CONTENT IS RESERVED FOR SUBS...

Source: Financialpost May 17, 2023

Canada's inflation rate rises to 4.4%, higher than expected

This is the first rise in the consumer price index since it peaked at 8.1% in June last year. Canada’s inflation rate rose to 4.4 per cent in April, higher than the month before and topping economists’ expectations. THIS CONTENT IS RESE...