Best Mortgage Rates in Canada 2024 | Financial Post
WEB2 days ago · Insurable pricing can often be 10-25 basis points (bps) less than uninsured rates. (One basis point is equal to 0.01 per cent or 1/100th of a per cent.) Quick tip: A 10 bps rate savings keeps over $470 in your pocket over five years, for every $100,000 borrowed with a 25-year amortization.
Ontario government engineers start job action | Financial Post
WEB4 days ago · Photo by Frank Gunn / THE CANADIAN PRESS. TORONTO — More than 600 professional engineers and land surveyors who work for the Ontario government have started a work-to-rule campaign and warn that their job action could affect the province’s ability to make progress on key infrastructure projects. Their bargaining association says …
Bank of Canada rate cut could wash over strapped consumers: poll ...
WEB4 days ago · Some Canadians are looking to downsize from their homes because they can no longer afford their mortgages, the survey found. Photo by Getty Images. Canadians are so financially stressed out that the expected relief from a jumbo-sized rate cut by the Bank of Canada could just wash over them, an ongoing survey of people’s outlook suggests.
Fed minutes show robust debate about size of September rate cut
WEB4 days ago · While the median long-run rate projection has steadily climbed in recent quarters, individual policymakers’ forecasts ranged from 2.4 to 3.8 per cent in September. The economy has remained resilient even in the face of what policymakers deem “restrictive,” though the minutes said there was “a range of views about the degree of ...
Oil exports drag Canada into trade deficit | Financial Post
WEB5 days ago · Photo by Bloomberg Creative Photos / Photographer: Ben Nelms/Bloomber. Canada recorded a $1.1 billion goods trade deficit in August as crude oil exports fell, driven mainly by lower prices for the commodity that is central to the country’s economy. The median expectation in a Bloomberg survey was for a deficit of $500 million.
Northvolt unit files for bankruptcy, pauses expansion plans
WEB5 days ago · The Ett Expansion unit had assets worth 10 billion Swedish kronor (US$968 million) at the end of 2023, according to court documents seen by Bloomberg News. Northvolt declined to comment on its debt levels. The build-out of Northvolt Ett was suspended last month as part of a package of wider measures to stabilize the …
Trump tariff proposal could cost Canadians $1,100 per year
WEB5 days ago · Photo by ALEX WROBLEWSKI/AFP via Getty Images files. An election policy proposal from Donald Trump that would apply a 10-per-cent tariff on all U.S. imports could have wide-ranging economic consequences for the Canadian and U.S economies, including a loss of real annual income of $1,100 (US$800) for people on both sides of the border, …
High interest rates help wealthy households, hurt poorer ones: …
WEB5 days ago · The purchase power for households in the middle quintile is better now compared to 2019, but growth in the category has been stagnate since 2022, as higher interest rates and inflation offset gains in market and disposable incomes. The PBO noted that all households are paying 15 per cent more today for an average basket of goods …
Lululemon founder Chip Wilson's Vancouver mansion defaced …
WEB5 days ago · Billionaire Lululemon Athletica Inc. founder Chip Wilson’s $81-million mansion was turned into a graffiti-covered flashpoint symbolizing the polarization of the provincial election. Over the weekend, Wilson’s beachfront complex in an exclusive neighbourhood on Vancouver’s west side was daubed with messages attacking him, many of which ...
HBO suggests Bitcoin creator is Canadian Peter Todd | Financial Post
WEB4 days ago · A new HBO documentary about the origins of Bitcoin suggests that Satoshi Nakamoto, the pseudonymous creator of the original cryptocurrency, is likely Canadian software developer Peter Todd. Called “ Money Electric: The Bitcoin Mystery,” the 100-minute film on Tuesday features interviews with a handful of people who’d been involved …