Fiscal plan boosts spending on health care, social services and other areas by an average of close to 10% Author of the article: Published Mar 07, 2023 • Last updated 7 hours ago • 2 minute read Join the conversation Manitoba Finance Minister Cliff Cullen listens to a question during a pre-budget press conference at Cityplace… Continue reading Manitoba pre-election budget offers tax cuts, higher spending
Bank of Canada set to pause interest rates before U.S. Federal Reserve
Tiff Macklem is expected to hold the benchmark overnight rate at 4.5% on Wednesday Author of the article: Bloomberg News Erik Hertzberg Published Mar 07, 2023 • Last updated 9 hours ago • 3 minute read Join the conversation Bank of Canada Governor Tiff Macklem in Ottawa. Photo by Adrian Wyld/The Canadian Press files The Bank… Continue reading Bank of Canada set to pause interest rates before U.S. Federal Reserve
Skeptical investors worry whether advances in AI will make money
Investors are caught between excitement over AI and a broader tech downturn that has led to falling investment in startups Author of the article: Financial Times George Hammond in San Francisco Published Mar 07, 2023 • 4 minute read Join the conversation The recent launch of “generative AI” tools such as OpenAI LLC’s ChatGPT chatbot… Continue reading Skeptical investors worry whether advances in AI will make money
Posthaste: Housing market correction is hitting these cities the hardest — and they’re not Toronto or Vancouver
Economists see another 10% fall in home prices this year A sign post in St. Catharines, Ont,. shows the distances in nautical miles to ports near and far. Many small cities across Ontario are experiencing the worst hit from the housing correction. Photo by Denis Cahill/Postmedia Good Morning, Advertisement 2 This advertisement has not loaded… Continue reading Posthaste: Housing market correction is hitting these cities the hardest — and they’re not Toronto or Vancouver
Fewer Canadians have emergency savings on hand, driving down economic sentiment: poll
Household outlook index sinks back to record low Fewer Canadians seem said they have enough savings to cover off two months of unexpected costs. Photo by Osarieme Eweka /Getty Images/iStockphoto Canadians’ outlook for the economy deteriorated in February, as a greater number of households showed signs of worry about the state of their savings, according… Continue reading Fewer Canadians have emergency savings on hand, driving down economic sentiment: poll
Stock Market Today: Blue Chip Stocks Lead Market Lower After Powell Speech
Stocks started Tuesday on shaky footing – and things only unraveled as Federal Reserve Chair Jerome Powell began his semiannual testimony in front of Congress. Prepared remarks from Powell indicated the Fed is ready to keep raising rates if economic data continues to come in strong. The commentary was not welcomed by investors, with the… Continue reading Stock Market Today: Blue Chip Stocks Lead Market Lower After Powell Speech
If You’d Put $1,000 Into Apple Stock 20 Years Ago, Here’s What You’d Have Today
Apple (AAPL (opens in new tab)) stock has rebounded sharply this year after a terrible 2022, but shares still remain well below their all-time high. Even after gaining nearly 19% for the year-to-date – vs. a 5.8% rise in the S&P 500 – Apple stock is still some 17% below its record close of early… Continue reading If You’d Put $1,000 Into Apple Stock 20 Years Ago, Here’s What You’d Have Today
Will Rising Interest Rates Lead to Soft Landing or Recession?
Editor’s note: This is part one of a three-part series about what the economy and markets could look like this year. Part two, coming next week, will highlight new tailwinds for investors. Part three, coming in two weeks, will share five investment strategies for investors to focus on in 2023. The year 2022 will forever… Continue reading Will Rising Interest Rates Lead to Soft Landing or Recession?
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