Tag: interest rates

Mar 20

S&P 500 closes at historic 5,200 mark after Fed signals rate cut

Article content Wall Street traders sent stocks to fresh all-time highs as the United States Federal Reserve signalled it’s on track to cut interest rates for the first time since the onset of the pandemic. In a historic move, the S&P 500 topped 5,200 on speculation that the end of the most-aggressive Fed hiking cycle […]
Mar 5

Bank of Canada rate cut risks igniting housing market

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post […]
Jun 14

Fed leaves interest rates on hold for first time in 15 months, signals 2 more hikes this year

Breadcrumb Trail Links News Economy Could raise again next month Author of the article: The Associated Press Christopher Rugaber Published Jun 14, 2023  •  Last updated 14 minutes ago  •  3 minute read Join the conversation U.S. Federal Reserve chair Jerome Powell. Photo by Anna Moneymaker/Getty Images Article content WASHINGTON — The United States Federal Reserve […]
Jun 12

David Rosenberg: The Bank of Canada may rue its recent interest rate hike

Breadcrumb Trail Links Economy Areas of the economy most sensitive to rates already seem to be in recession Bank of Canada governor Tiff Macklem hiked rates by 25 basis points at the June 7 meeting. Photo by Sean Kilpatrick/Canadian Press/Bloomberg Article content There are lies. There are damned lies. And then there are statistics. To […]
Jun 5

Most Canadians waiting for mortgage rates to drop to reenter housing market: poll

Breadcrumb Trail Links Real Estate Mortgages Housing affordability near the worst it has been in more than 30 years A realtor’s sign outside a house for sale in Toronto. Photo by Chris Helgren/Reuters/File Photo Article content The housing market may be hearing up again, but most Canadians are still waiting on the sidelines for mortgage […]
Jun 3

Bank of Canada still has time to pause interest rates: Dawn Desjardins

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post […]
May 27

Bank of Canada July rate hike would be a mistake: CIBC’s Benjamin Tal

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post […]
Dec 16

Posthaste: Inflation pinch turning us into Grinches when it comes to holiday spending

Breadcrumb Trail Links Executive Summary Executive Canadians are making a variety of spending changes to offset the impact of higher prices Shoppers pass by the Christmas tree at Eaton Centre mall in downtown Toronto. Photo by Chris Helgren/Reuters/File Photo Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission […]