More felt their financial position deteriorated amid another interest rate hike and holiday bills A pedestrian walks past festive lighting in Toronto, in December. Photo by Peter J. Thompson/National Post Household sentiment soured in December, as holiday bills piled up and the Bank of Canada raised interest rates for the seventh time in 2022, according… Continue reading Stocks, large purchases a no-go as Canadians get more pessimistic about finances: poll
Long-Term Investments Require a New Approach
Ongoing market volatility has left many investors grasping for an investment lifeline to help them stay afloat amidst stormy economic conditions. Conventional approaches to long-term investments follow the 60/40 model (opens in new tab), which allocates 60% of your portfolio to stocks and 40% to bonds. But that strategy may no longer produce your desired… Continue reading Long-Term Investments Require a New Approach
FTX US’ former boss has opened up on ‘spiteful’ ex-CEO Sam Bankman-Fried and problems at the collapsed crypto exchange. Here are 10 things we just learned, in his top quotes.
The ex-president of FTX’s US affiliate has shared his view of problems at the now-bankrupt crypto empire. Brett Harrison said founder Sam Bankman-Fried was “spiteful” and laid out what happened when he spoke up. Here are 10 things we learned from Harrison’s huge Twitter thread this weekend, in his best quotes. Loading Something is loading.… Continue reading FTX US’ former boss has opened up on ‘spiteful’ ex-CEO Sam Bankman-Fried and problems at the collapsed crypto exchange. Here are 10 things we just learned, in his top quotes.
Paul Krugman says Elon Musk’s Tesla can never be a ‘profit machine’ like Apple, because there’s no scope for that in the car industry
Tesla is never going to rival Apple or Microsoft as a “profit machine”, according to Paul Krugman. It’s impossible to establish an unchallenged monopoly in the car industry, the Nobel Prize-winning economist said. Tesla CEO Elon Musk has also destroyed his “image of cool” in recent months, Krugman added. Loading Something is loading. Thanks for… Continue reading Paul Krugman says Elon Musk’s Tesla can never be a ‘profit machine’ like Apple, because there’s no scope for that in the car industry
Expect bitcoin to top $50,000 again within a few years, Anthony Scaramucci says – as crypto markets start 2023 with a bang
Bitcoin will trade between $50,000 and $100,000 in two to three years’ time, Anthony Scaramucci believes. Investors are piling back into crypto markets, with bitcoin jumping 26% and ethereum up 29% year-to-date. “You are taking on risk but you’re also believing in adoption,” Scaramucci told CNBC. Loading Something is loading. Thanks for signing up! Access… Continue reading Expect bitcoin to top $50,000 again within a few years, Anthony Scaramucci says – as crypto markets start 2023 with a bang
Wall Street has turned a blind eye to the potential for deflation over the next year – and it’s the one thing that could surprise investors in 2023
Deflation rather than inflation could be the biggest surprise for Wall Street over the next year. Inflation has been cooling since June, and Fundstrat’s Tom Lee noted that 59% of CPI components are now in deflation mode. “Many of the major headwinds are leaving, opening the door for much lower prices,” Carson Group’s Ryan Detrick… Continue reading Wall Street has turned a blind eye to the potential for deflation over the next year – and it’s the one thing that could surprise investors in 2023
Two things to watch ahead of the Bank of Canada’s next rate decision
Readings on inflation and inflation expectations ‘could make the decision a closer call’ Economists expect food inflation to ease in 2023. Photo by James Park/Postmedia Two important readings come out early this week ahead of the Bank of Canada‘s interest rate decision on Jan. 25. Advertisement 2 This advertisement has not loaded yet, but your… Continue reading Two things to watch ahead of the Bank of Canada’s next rate decision
Questions to ask yourself when allocating money to debt repayments, savings and investments
As interest rates go up, it’s time to reassess how much debt your household can carry With interest rates rising, it’s a good time to renew interest in how you allocate capital between debt repayments, savings and investments. Photo by Getty Images Have you made up your 2023 intentions? If not, one of the key… Continue reading Questions to ask yourself when allocating money to debt repayments, savings and investments
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