Total debt decreased by about US$5.5 trillion to US$300 trillion in the second quarter Author of the article: Bloomberg News Sydney Maki U.S. one dollar banknotes. Photo by Dado Ruvic/Reuters illustration The global mountain of debt in U.S. dollar terms shrunk for the first time since 2018 as the greenback surged and major central banks… Continue reading U.S. dollar’s surge shrinks world debt pile for first time since 2018
U.S. inflation could push Bank of Canada to move policy rate higher than 4%
U.S. price pressures could embolden Canada’s central bank to move more aggressively to fight inflation, economists say Publishing date: Sep 14, 2022 • 3 days ago • 4 minute read • 9 Comments People shop at a supermarket in Santa Monica, California. Photo by APU GOMES/AFP via Getty Images If the U.S. economy sneezes, Canada could… Continue reading U.S. inflation could push Bank of Canada to move policy rate higher than 4%
How to qualify for the federal government’s inflation relief benefit programs
Jamie Golombek: Here’s a brief look at the measures Ottawa is implementing to help with rising costs Publishing date: Sep 14, 2022 • 4 days ago • 5 minute read • 15 Comments Higher food prices are among some of the rising costs Canadians are trying to deal with. Photo by Sarah Silbiger/Reuters files The federal… Continue reading How to qualify for the federal government’s inflation relief benefit programs
Office buildings are having an existential crisis — and it’s not just work from home
Episode 166 of Down to Business podcast Publishing date: Sep 14, 2022 • 4 days ago • 1 minute read • 14 Comments Converting empty office buildings into residential units is one solution Calgary has considered. Photo by Gavin Young/Postmedia Office buildings across Canada have faced high vacancy rates for years, and the rise of work… Continue reading Office buildings are having an existential crisis — and it’s not just work from home
Barry Choi: How to find fall and winter travel deals to book now and enjoy later
Air Canada Vacations sale on now When you buy one seven-night vacation package, you’ll get the second one at up to 50 per cent off with Air Canada Vacations. The booking window is from now until Oct. 4, 2022, for travel between Jan. 2 and Apr. 30, 2023. Available destinations include Mexico, the Caribbean, Central… Continue reading Barry Choi: How to find fall and winter travel deals to book now and enjoy later
The Bank of Canada is losing money for the first time ever on rising rates
Central bank anticipates losses for the next three years, depending on how its inflation fight goes Publishing date: Sep 16, 2022 • 23 hours ago • 4 minute read • 70 Comments The Bank of Canada is pictured in Ottawa on Tuesday Sept. 6, 2022. Photo by Sean Kilpatrick/The Canadian Press The Bank of Canada’s historic… Continue reading The Bank of Canada is losing money for the first time ever on rising rates
Global markets hunkering down for economic ‘hurricane’
Markets are bracing for another round of interest rate rises from the U.S. Federal Reserve and the Bank of England next week Author of the article: A trader working at the New York Stock Exchange. Photo by Andrew Kelly/Reuters files The approaching economic ‘hurricane’ that JPMorgan boss Jamie Dimon warned about in June is starting… Continue reading Global markets hunkering down for economic ‘hurricane’
David Rosenberg: A Canadian recession is ‘all but set in stone’
Canadian economic backdrop is weakening rapidly on a fundamental level Publishing date: Sep 15, 2022 • 2 days ago • 3 minute read • 54 Comments Faltering income will act as a drag on consumer spending at a time when job creation is stalling and home prices are deflating. Photo by Brendan Miller/Postmedia By David Rosenberg… Continue reading David Rosenberg: A Canadian recession is ‘all but set in stone’
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