The Bank of Canada is set to announce another big rate hike on Wednesday to curb soaring inflation amid growing criticism that the central bank’s aggressive rate hikes will cause a painful…
Category: Business
Revamped 2023 Ford Escape arrives with more attractive styling and sporty new ST-Line trim | Carscoops
Even since the current-generation Ford Escape entered the market for the 2020 model year, many have complained about the crossover’s unassuming styling. Three years later, Ford is trying to address those complaints…
Why China won’t bail out its real estate sector
Many Chinese developers have halted or delayed construction of pre-sold homes due to cash flow issues. Pictured is a housing construction site in Jiangsu province, China, October 17, 2022. Edition of the…
Five things to watch in British Columbia as the recession looms
Breadcrumb Links New Local News Wednesday’s interest rate announcement from the Bank of Canada, GDP data from Statistics BC and monthly reports from real estate boards are key to monitoring developments in…
OSC Chair Heather Zordel resigns just seven months after assignment
Heather Zordel, a Bay Street lawyer, was appointed in March by Ontario’s Progressive Conservative government, Premier Doug Ford, to head the Ontario Securities Commission.Ryan Walker/The Globe and Mail Heather Zordel, the new…
Middle Eastern producers cautious about rising prices after OPEC+ production cuts | OilPrice.com
As November 2022 approaches, knowing that intra-OPEC+ cohesion has been fully restored and the oil major has been given a new long-term ambition, pricing decisions for Middle East cargoes loaded on next…
BC strata refuses the sale of a condo to a family with three young children | Globalnews.ca
A Metro Vancouver couple tried to buy on the housing market but were recently denied a Pitt Meadows condominium because their family is too large. Lucas Parry and Mackenzie Graham have three…
Competition Bureau food price study lacks power to constrain grocers, expert warns
Not only does a Competition Bureau food price study lack investigative power, it may be based on an exaggerated premise, according to a UBC food and commodities expert. One of British Columbia’s…
The Federal Reserve will break something and it will be good for gold – Axel Merk
Editor’s Note: With such volatility in the markets, stay up to date with daily news! Get our quick roundup of today’s must-see news and expert opinion in minutes. Register here! (Kitco News)…
US stocks continue to rally as big tech earnings loom – BNN Bloomberg
U.S. stocks rallied for a second straight session as investors braced for some of the world’s biggest companies to report earnings this week. Traders also wondered if the Federal Reserve would slow…