Daily News

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...

Source: Financialpost December 11, 2022

Mortgage defaults starting to hit the market: broker

Watch: Mortgage broker Leah Zlatkin talks about mortgage rates across Canada Leah Zlatkin, Mortgage Broker and expert at lowrstrates.ca, talks with Financial Post’s Larysa Harapyn about how mortgage defaults are starting to hit the market....

Source: Financialpost December 11, 2022

Dining with ... Michele Romanow: The fintech founder and Dragon on what’s next

Romanow’s instinct in a volatile environment is to take less risk Michele Romanow smokes. But never inside the hushed silence of Clear Finance Technology Corp.’s offices where glass walls, wood-panelled floors and streaming natural light combin...

Market Call Source: BNN Bloomberg December 10, 2022

Brianne Gardner's Top Picks: December 9, 2022

Brianne Gardner, wealth manager and investment advisor, Velocity Investment Partners, Raymond James FOCUS: North American large-cap stocks  MARKET OUTLOOK: We believe this type of persistent strength we saw in October and November isn't the sign of...