Ben Carlson, portfolio manager at New York-based Ritholtz Wealth Management, attempted to answer what is arguably the most important question for investors, namely, “Why isn’t inflation going down? ? » One explanation…
Tag: hundred
Opinion: Buying HSBC Canada would cement a dominant market position for RBC or TD
The auction of HSBC’s Canadian banking unit is expected to fetch more than $10 billion.Fred Lum/The Globe and Mail The once-in-a-generation sale of HSBC Bank Canada, the country’s seventh-largest lender, forces the…
Business groups call on government to act on credit card swiping fees
Federal lobbying records show that major credit card companies, including Visa and Mastercard, have signed up to talk to the government about its plans to cut credit card interchange fees.John Raoux/Associated Press…
The one sentence that sums up how to position portfolios for the next decade. Plus, why this week’s tech wreckage bodes ill for all investors
BofA Securities investment strategist Michael Hartnett tried to provide all the advice investors will need for the next decade in a single sentence in his weekly Flow Show report. Namely, “historic government…
RenoRun cuts 43% of its staff as Canadian tech layoffs rise
Another Canadian startup that raised significant venture capital during the pandemic tech boom has downsized as the sector’s problems worsen. RenoRun Inc., a Montreal startup that is building an Instacart-like service delivering…
Live Updates: Bank of Canada set for sixth interest rate hike
Governor Tiff Macklem walks in front of the Bank of Canada building in Ottawa, Ontario, Canada, June 22, 2020.BLAIR GABLE/Reuters The latest on the Bank of Canada’s rate decision Mark Rendell The…
Real Estate Influencers, Unjust Recession in Canada and Crisis in the UK: Must-Read Business and Investment Stories
Canadians who have been able to maintain a reserve of cash are better prepared for the impending recession.Denis Pepin/Getty Images/iStockphoto Being overtaken by a week that got away? Here’s your weekly roundup…
Rental apartment construction plummets in Toronto as construction costs rise
Construction workers work on the top floor of the Time and Space condominium project in the Front St. East and Sherbourne St. neighborhoods of Toronto on October 11.Fred Lum/The Globe and Mail…
As rate hikes continue, is it time to lock in your variable rate mortgage?
With the Bank of Canada expected to announce another outrageous rate hike next week, a growing number of variable rate mortgage holders are asking themselves a dreaded question: is it time to…
Recession Expectations Widespread, Inflation Outlook Remains Elevated, Bank of Canada Surveys Show
The Bank of Canada on Monday released a pair of quarterly surveys showing a sharp decline in business and consumer confidence in the economy as interest rates rise.Sean Kilpatrick/The Canadian Press The…