Why Scotiabank’s chief economist thinks the Bank of Canada won’t bring inflation back to 2%

‘There has been a loss of credibility’ Published Jan 14, 2023  •  Last updated 14 hours ago  •  3 minute read 7 Comments Bank of Nova Scotia chief economist Jean-François Perrault. Photo by Peter J Thompson/National Post files Bank of Nova Scotia chief economist Jean-François Perrault doesn’t believe Bank of Canada governor Tiff Macklem when he… Continue reading Why Scotiabank’s chief economist thinks the Bank of Canada won’t bring inflation back to 2%

Mortgage stress test, bank’s new chief and price peak: The week’s top 7 stories

Watch: Financial Post reporter Stephanie Hughes counts down the stories that made headlines this week U.S. President Joe Biden, President of Mexico Andres Manuel Lopez Obrador and Prime Minister of Canada Justin Trudeau hug each other during a message for the media as part of the 2023 North American Leaders Summit at Palacio Nacional on… Continue reading Mortgage stress test, bank’s new chief and price peak: The week’s top 7 stories

‘The declines already happened’: Why Royal LePage thinks home prices will flatten out in 2023

Canadians can expect to see progressively slower price declines as the year goes on A ‘for sale’ sign is displayed outside a home in Toronto. Photo by Carlos Osorio/Reuters files Canadian home prices posted their first year-over-year price decline since the the global financial crisis in 2022, and while the slump may continue to start… Continue reading ‘The declines already happened’: Why Royal LePage thinks home prices will flatten out in 2023

Banking watchdog seeks public input on beefing up stress tests for homebuyers as risks rise

OSFI looking at range of extra measures to mitigate rising lending risks Mortgage lending risks are rising as rising interest rates make payments more onerous for households already struggling with heavy debt loads. Photo by Tyler Anderson/National Post Canada’s top bank regulator is seeking public input on whether it should beef up “stress tests” imposed… Continue reading Banking watchdog seeks public input on beefing up stress tests for homebuyers as risks rise

‘A mad rush’: How Loblaws’ fight with FritoLay forced Neal Brothers to up its snack-food game

Loblaws deal led to Neal Brothers merger with rival distributor Jonluca Enterprises Neal Brothers chips became more prominent on grocery shelves due to the sudden lack of product from Frito-Lay.  Photo by Handout/Peter Neal About this time last year, Neal Brothers Foods caught a break. Its biggest customer, and the largest grocery chain in Canada,… Continue reading ‘A mad rush’: How Loblaws’ fight with FritoLay forced Neal Brothers to up its snack-food game

Kiplinger’s Weekly Earnings Calendar (Jan. 16-20)

Below is a weekly earnings calendar of the most important upcoming quarterly reports scheduled to be released by publicly traded companies. However, we have also provided expanded earnings previews for select companies.  Please check back often. This earnings calendar is updated weekly.   Monday (1/16)Tuesday (1/17)Wednesday (1/18)Thursday (1/19)Friday (1/20)(Editor’s Note: Earnings dates in tables are tentative.… Continue reading Kiplinger’s Weekly Earnings Calendar (Jan. 16-20)

Markets think the Fed is about to deliver a smaller rate hike, but here’s one big reason the central bank could stay aggressive on its next move

Investors are locking in expectations that the Fed will downshift its interest rate hike in February.  Easing inflation is fueling a bullish view on a 25-basis-point move but shelter prices may still look sticky to policymakers.  Market moves suggest the “iceberg of fear” around inflation is receding, one analyst said.   Loading Something is loading. Thanks… Continue reading Markets think the Fed is about to deliver a smaller rate hike, but here’s one big reason the central bank could stay aggressive on its next move

Here’s how to invest in 2023 as 2 major risks threaten the US economy, according to an investment analyst

In an interview with Insider, eToro investment analyst Callie Cox highlighted the two biggest risks to monitor this year. They include the Fed’s ability to tame inflation and the potential for a steep economic downturn. She explained how investors can position themselves ahead of a potential US recession.  Loading Something is loading. Thanks for signing… Continue reading Here’s how to invest in 2023 as 2 major risks threaten the US economy, according to an investment analyst