Bank of Canada says data will determine where rates go from here

Kevin Carmichael: And if current trends hold, the central bank probably will pause in January Publishing date: Dec 08, 2022  •  15 hours ago  •  3 minute read 11 Comments Bank of Canada governor Tiff Macklem. Photo by Adrian Wyld /The Canadian Press Those who inferred from the Bank of Canada’s relatively terse policy statement that… Continue reading Bank of Canada says data will determine where rates go from here

Paying taxes in instalments can bring trouble with the CRA if you make this mistake

Jamie Golombek: Choosing the wrong payment option can lead to arrears interest and even instalment penalties Publishing date: Dec 08, 2022  •  21 hours ago  •  5 minute read 15 Comments Choosing the wrong tax instalment payment option can lead to costly penalties from the CRA. Photo by Brent Lewin/Bloomberg Approximately two million Canadians are required… Continue reading Paying taxes in instalments can bring trouble with the CRA if you make this mistake

Canadian dollar to rally over 2023 as interest rates hit their peak

Currency analysts expect the loonie to hit $1.35, or 74.07 cents U.S., in three months Author of the article: Publishing date: Dec 07, 2022  •  1 day ago  •  2 minute read Join the conversation The loonie has weakened over seven per cent against the U.S. dollar since the start of 2022. Photo by Mark Blinch/Reuters… Continue reading Canadian dollar to rally over 2023 as interest rates hit their peak

Shopify stock seen carrying weight of Canadian tech stocks curse into 2023

Shopify shares have tumbled 70% in 2022 Author of the article: Bloomberg News Subrat Patnaik Publishing date: Dec 07, 2022  •  19 hours ago  •  2 minute read Join the conversation The Shopify Inc. headquarters in Ottawa. Photo by Chris Wattie/Reuters files The curse of Canadian mega-cap technology stocks hit Shopify Inc. this year, and analysts… Continue reading Shopify stock seen carrying weight of Canadian tech stocks curse into 2023

Developing world facing $2.5 trillion debt shock

‘A generalized debt crisis could materialize’ Author of the article: Bloomberg News Antony Sguazzin Publishing date: Dec 07, 2022  •  14 hours ago  •  2 minute read Join the conversation The street market of Sonsonate in El Salvador. Photo by Gordon Beck/Montreal Gazette files Developing nations may need to find as much as $2.5 trillion over… Continue reading Developing world facing $2.5 trillion debt shock

Tired of mutual funds, ETFs? Build-your-own-index boom could hit $825 billion in four years

Direct indexing essentially allows investors to cherry-pick which stocks to buy in a benchmark index Author of the article: Bloomberg News Katie Greifeld Publishing date: Dec 07, 2022  •  16 hours ago  •  2 minute read Join the conversation A monitor displays S&P 500 market data in front of the New York Stock Exchange. Photo by… Continue reading Tired of mutual funds, ETFs? Build-your-own-index boom could hit $825 billion in four years

Bank of Canada hikes interest rate by 50 basis points to 4.25%

Kevin Carmichael: Shift in language suggests next decision will be based on data, not a predetermined path Publishing date: Dec 07, 2022  •  15 hours ago  •  3 minute read 23 Comments Bank of Canada governor Tiff Macklem announced the rate decision today. Photo by REUTERS/Patrick Doyle The Bank of Canada might be finished raising interest… Continue reading Bank of Canada hikes interest rate by 50 basis points to 4.25%

Wall Street chorus grows louder warning that 2023 will be ugly

Next year’s outlook for the U.S. economy and stocks looks grim Author of the article: Bloomberg News Isabelle Lee and Norah Mulinda Publishing date: Dec 07, 2022  •  19 hours ago  •  3 minute read Join the conversation Traders work on the floor of the New York Stock Exchange on Dec. 6. Photo by Michael M.… Continue reading Wall Street chorus grows louder warning that 2023 will be ugly