The upcoming recession could be deeper than what Bay Street folks are expecting Publishing date: Oct 28, 2022 • 1 day ago • 3 minute read • 73 Comments Canadian home prices are now down nine per cent from their peak en route to a 30 per cent or so decline, says David Rosenberg. Photo by… Continue reading David Rosenberg: Canada’s housing bubble has burst — now brace yourself for the economic hit
Kevin Carmichael: Why Tiff Macklem is willing to risk a recession to crush inflation
Macklem is unwilling to risk giving inflation any oxygen, suggesting he’s prepared to push rates higher Publishing date: Oct 27, 2022 • 1 day ago • 5 minute read • 22 Comments Bank of Canada governor Tiff Macklem at a news conference in Ottawa, on Oct. 26. Photo by Patrick Doyle/Reuters Bank of Canada governor Tiff… Continue reading Kevin Carmichael: Why Tiff Macklem is willing to risk a recession to crush inflation
Amazon, Apple shares drop as stocks fall for a second day
Meta Platforms suffered its worst one-day drop since February Author of the article: Bloomberg News Isabelle Lee and Vildana Hajric An Apple store in Bordeaux, France. Photo by Regis Duvignau/Reuters files Wall Street contended with another volatile session as investors mulled the Federal Reserve’s path of interest-rate hikes while assessing mixed economic data and a… Continue reading Amazon, Apple shares drop as stocks fall for a second day
FP Explains: Behind the Bank of Canada’s surprise 50 bps rate hike
This advertisement has not loaded yet, but your article continues below. Watch: Finance reporter Stephanie Hughes breaks down the central bank’s October interest rate hike A woman walks past the Bank of Canada headquarters in Ottawa. Photo by Adrian Wyld/The Canadian Press files Article content Stephanie Hughes, finance reporter for Financial Post, breaks down the… Continue reading FP Explains: Behind the Bank of Canada’s surprise 50 bps rate hike
When You Die, What Happens to Your Bitcoin?
According to the Cremation Institute (opens in new tab), nearly 90% of cryptocurrency owners are worried about what will happen to their digital assets after they die. It turns out that they have good reason to worry. Presently, there are over 12,000 different cryptocurrencies globally, making tracking them a challenge, especially if the owner becomes… Continue reading When You Die, What Happens to Your Bitcoin?
Stock Market Today: Stocks Sizzle on Hopes for a More Dovish Fed
Markets ended the week on a positive note Friday, finishing sharply higher after some economic data raised the possibility of a slower pace of rate hikes from the Federal Reserve. The blue-chip Dow Jones Industrial Average soared 2.6% to finish at 32,861, while the broader S&P 500 jumped 2.5% at 3,901. The tech-heavy Nasdaq Composite… Continue reading Stock Market Today: Stocks Sizzle on Hopes for a More Dovish Fed
Tech earnings just flopped. From Amazon to Meta and Microsoft, here are the biggest takeaways
Tech heavyweights like Meta, Amazon, and Microsoft flopped this past week, while Apple reported mixed results. Experts explain the obstacles in front of Big Tech, and what the takeaways from earnings are. “It’s clear that there are headwinds for the industry after a period of unsustainable growth coming out of the pandemic.” Loading Something is… Continue reading Tech earnings just flopped. From Amazon to Meta and Microsoft, here are the biggest takeaways
Americans should brace for a cash crunch and a painful recession, experts say. Here’s what Jamie Dimon, David Solomon, and Ray Dalio warned this week.
Jamie Dimon, David Solomon, and Ray Dalio warned of a cash crunch this week. Dimon and Solomon flagged the risk of a US recession and a slump in consumer spending. Dalio underlined how rising interest rates could squeeze cash-strapped, debt-ridden governments. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Americans should brace for a cash crunch and a painful recession, experts say. Here’s what Jamie Dimon, David Solomon, and Ray Dalio warned this week.
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