In an interview with Kevin Carmichael, Macklem talks about the central bank’s fight against inflation Published Dec 23, 2022 • 17 minute read 6 Comments Bank of Canada governor Tiff Macklem. Photo by Justin Tang/The Canadian Press Financial Post editor-in-chief Kevin Carmichael sat down with Bank of Canada governor Tiff Macklem on Dec. 19, days… Continue reading Tiff Macklem reflects on debt, lessons learned and why inflation ‘messes up’ competition
Ban on foreign homebuying will carry $10,000 penalty for violations
‘Homes should not be commodities’ Published Dec 21, 2022 • Last updated 2 days ago • 1 minute read 23 Comments A ‘for sale’ sign in front of a row of homes in a subdivision in Vaughan, Ont. Photo by Cole Burston/Bloomberg files A two-year ban on homebuying by non-Canadians that is set to take effect… Continue reading Ban on foreign homebuying will carry $10,000 penalty for violations
Avoid inflated flight costs with this money-saving service
A cheap airfare finder is an easy way to save time and money when you’re planning a vacation Photo by StackCommerce Flight prices have risen by 42.9 per cent in the last year, and Canadians are facing increases in part due to the new travel rules regarding refunds. With holiday travel and cuts to smaller… Continue reading Avoid inflated flight costs with this money-saving service
H&M pulls Justin Bieber merchandise from stores after singer calls it ‘trash’
Bieber accused the retailer of selling clothes depicting him without his consent Author of the article: Bloomberg News Rafaela Lindeberg Published Dec 21, 2022 • 1 minute read Join the conversation Justin Bieber at the Grammy Awards in Las Vegas in April. Photo by Frazer Harrison/Getty Images Hennes & Mauritz AB has halted sales of… Continue reading H&M pulls Justin Bieber merchandise from stores after singer calls it ‘trash’
Sticky inflation numbers probably not to Bank of Canada’s liking
Kevin Carmichael: That makes one — even two — more hikes to the interest rate possible An inflation rate of 6.8 per cent is still a long way from the Bank of Canada’s target of two per cent, which governor Tiff Macklem insists he will hit, no matter what. Photo by REUTERS/Jennifer Gauthier Statistics Canada’s… Continue reading Sticky inflation numbers probably not to Bank of Canada’s liking
Stock Market Today: Stocks Close Higher in Light Trading
Stocks managed to post gains on light volume ahead of the long holiday weekend. Reassuring data on inflation (opens in new tab) soothed traders’ nerves, which have been rattled in December by the Federal Reserve’s policy of relentlessly hiking interest rates (opens in new tab). Be that as it may, not many market participants are… Continue reading Stock Market Today: Stocks Close Higher in Light Trading
SAFE Banking Act Fails: This Week in Cannabis Investing
The SAFE Banking Act failed to get through Congress this year, with Senate Majority Leader Chuck Schumer blaming Senate Republicans for keeping the bill from passing. Congress’s failure to pass SAFE means that communities across the country are still vulnerable to crime and forced to operate as all-cash businesses. Not only that, many small cannabis… Continue reading SAFE Banking Act Fails: This Week in Cannabis Investing
Here’s why Wall Street is warning the Fed blew it on inflation and it won’t save the stock market from crashing
The Fed blew it on inflation stocks are going to have to suffer as a result. The central bank has no choice now but to keep hiking until inflation is down, experts have said. Here are five top voices in markets warning investors not to pin their hopes on a Fed put to save stocks. … Continue reading Here’s why Wall Street is warning the Fed blew it on inflation and it won’t save the stock market from crashing
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