The global economy is headed for a severe recession, Mohamed El-Erian has warned. The economist expects “more uncertainty in the future as shocks grow more frequent and more violent”. The recession will be drawn-out rather than “short and shallow”, he added. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Brace for ‘violent’ shocks that may reshape the global economy forever, warns top economist Mohamed El-Erian
Long-term rate hikes effects will be ‘more powerful’ than people think: Stephen Poloz
Former Bank of Canada governor warned today’s economy is more sensitive to interest rates than it was 10 years ago Author of the article: The Canadian Press Nojoud Al Mallees Publishing date: Nov 24, 2022 • 8 hours ago • 2 minute read Join the conversation Stephen Poloz, former governor Bank of Canada, during the 2022… Continue reading Long-term rate hikes effects will be ‘more powerful’ than people think: Stephen Poloz
The CRA is already challenging real estate transactions ahead of new anti-flipping rules
Jamie Golombek: CRA is challenging perceived real estate ‘flips’ through the court system, with mixed results Publishing date: Nov 24, 2022 • 8 hours ago • 5 minute read 37 Comments New anti-flipping rules for residential real estate are scheduled to come into force on Jan. 1, 2023. ASHLEY FRASER, POSTMEDIA Photo by Ashley Fraser/Postmedia Canada’s… Continue reading The CRA is already challenging real estate transactions ahead of new anti-flipping rules
Tiff Macklem acknowledges the Bank of Canada is losing money for first time
But that won’t impact monetary policy decisions, says governor Publishing date: Nov 24, 2022 • 11 hours ago • 3 minute read 93 Comments Bank of Canada governor Tiff Macklem updated the House finance committee on the central bank’s balance sheet Wednesday. Photo by Sean Kilpatrick /THE CANADIAN PRESS Bank of Canada governor Tiff Macklem acknowledged… Continue reading Tiff Macklem acknowledges the Bank of Canada is losing money for first time
Bank of Canada says higher interest rates still needed to tame inflation
‘We are getting closer, but we are not there yet’ Author of the article: Reuters Steve Scherer and Ismail Shakil Publishing date: Nov 23, 2022 • 1 day ago • 2 minute read Join the conversation Bank of Canada Governor Tiff Macklem taking part in a news conference in Ottawa. Photo by Blair Gable/Reuters/File Photo OTTAWA… Continue reading Bank of Canada says higher interest rates still needed to tame inflation
Why lettuce is suddenly so unbelievably expensive
Episode 177 of Down to Business podcast Publishing date: Nov 23, 2022 • 1 day ago • 1 minute read 6 Comments The cost of lettuce has skyrocketed so high some restaurants have stopped offering it on their menus. Photo by Justin Sullivan/Getty Images If for nearly two years, every major economic trend could be traced… Continue reading Why lettuce is suddenly so unbelievably expensive
FTX’s collapse shows regulation is needed ‘before the next crypto catastrophe takes down our economy,’ Elizabeth Warren warns
FTX’s bankruptcy shows the need for crypto regulation, Elizabeth Warren warned Tuesday. “FTX’s implosion should be a wake-up call. Regulators must enforce the law before more people get cheated,” she said. Warren criticized crypto’s usage in money laundering and its high environmental cost. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading FTX’s collapse shows regulation is needed ‘before the next crypto catastrophe takes down our economy,’ Elizabeth Warren warns
Morningstar: Buy these 14 cheap stocks that still have room to rally in a bear market
Contrary to intutition, bear market rallies may make it tougher for investors to do their jobs. It’s hard to determine which stocks are overvalued and which still have room to rise. Morningstar shared 14 stocks that are still cheap, despite beating the market. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Morningstar: Buy these 14 cheap stocks that still have room to rally in a bear market
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