Daily News

Source: Financialpost December 17, 2022

Canada's housing market falls deeper into correction with prices down 11.5% from peak

Prices down for ninth straight month in November Canadian home prices fell for a ninth straight month as sharply rising interest rates prompted both buyers and sellers to withdraw from the market heading into the traditionally slower winter sea...

Source: Financialpost December 17, 2022

Why have so many U.S. men quit working? Social status may hold the key

Increasing wage gap between educated peers driving young, white men out of the labour market, study says A decline in social status relative to better-paid peers is a key reason why so many American men have dropped out of the labour force, acc...

Source: Financialpost December 17, 2022

Howard Levitt: Harry-and-Meghan style wokeness is making even human rights commissions look reasonable

Is our own workplace liberalism moving toward wokeness? The Harry and Meghan saga is offering us a good demonstration of the current dramatic, liberal divide. We apologize, but this video has failed to load. Try refresh...

Source: Financialpost December 17, 2022

Kevin Carmichael: The failure at the Bank of Canada that likely made inflation worse

Debate over how to confront inflation would have been richer had an outsider like Carolyn Rogers arrived sooner Bank of Canada senior deputy governor Carolyn Rogers marked her first year on the job on Dec. 15. We apolog...

Source: Financialpost December 17, 2022

Group that advises the Bank of Canada on debt markets is livid over Freeland's decision to scrap inflation-adjusted bonds

Minutes of Canadian Fixed-Income Forum show members venting their frustration with a decision few saw coming A group of fixed-income investors overseen by the Bank of Canada is livid over Finance Minister Chrystia Freeland’s decision to cancel...

Source: BNN Bloomberg December 16, 2022

U.S. stocks drop for a second day; oil snaps rally

Stocks dropped and the dollar rallied after a wave of rate hikes from central banks this week, with the Federal Reserve and the European Central Bank warning of more pain to come. Sign up to get breaking news email alerts sent directly to your inbox...

Source: BNN Bloomberg December 16, 2022

TSX recap: Index closes 1.46% lower amid broad-based losses

Canada's main stock index fell by almost 1.5 per cent Thursday with broad-based declines, while U.S. stock markets fell even further a day after the U.S. Federal Reserve raised its key interest rate and said it expects rates still needed to go higher. S...

Market Call Source: BNN Bloomberg December 16, 2022

Brian Madden's Top Picks: December 15, 2022

Brian Madden, chief Investment Officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK: Despite the widely touted “Santa Claus rally,” or propensity for December to serve up gains for stocks, which is overdue to begi...

Source: Financialpost December 16, 2022

Alberta's industrial carbon tax to triple by 2030 to match Ottawa's minimum standards

'This is good news for the province,' says Alberta environment minister Alberta’s tax on industrial carbon dioxide emissions will triple by 2030 in order to keep pace with the federal carbon pricing schedule, according to an order in council is...

Source: Financialpost December 16, 2022

OSFI leaves mortgage stress test unchanged as safety buffer against growing risk

Rising interest rates have pushed qualifying rate above 8% for some borrowers Canada’s federal banking regulator is leaving the stress test for uninsured mortgages unchanged, citing economic uncertainty and increasing vulnerabilities in the fin...