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interest rate

Bank of Canada officials split on need for more rate hikes, deliberations show

by Anas Siddiqui
Bank of Canada officials split on need for more rate hikes, deliberations show

Further interest rate hikes from the Bank of Canada are very much still on the table as its governing council remains split on whether rates may need to rise further. …

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Hong Kong sees sluggish weekend sales at new developments in Kai Tak and Aberdeen, as buyers snap up only 92 of 303 flats on offer

by Anas Siddiqui
Hong Kong sees sluggish weekend sales at new developments in Kai Tak and Aberdeen, as buyers snap up only 92 of 303 flats on offer

The first weekend of November saw sluggish sales at two Hong Kong residential projects, with a combined 303 units hitting the market, as homebuyers continued to take a wait-and-see approach …

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U.S. central bank holds rate steady, but leaves door open to more hikes

by Anas Siddiqui
U.S. central bank holds rate steady, but leaves door open to more hikes

The U.S. Federal Reserve kept its key short-term interest rate unchanged Wednesday for a second straight time but left the door open to further rate hikes if inflation pressures should …

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Opinion: Why Japan letting the yen weaken risks stirring up global hornet’s nest

by Anas Siddiqui
Opinion: Why Japan letting the yen weaken risks stirring up global hornet’s nest

As the Japanese yen breaks through 150 to the US dollar, investors can’t help but entertain the four most dangerous words in economics: this time is different. Global finance has …

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Opinion: Asia’s market turmoil has the US’ fingerprints all over it

by Anas Siddiqui
Opinion: Asia’s market turmoil has the US’ fingerprints all over it

An adage on Wall Street is that to quell inflation, the US Federal Reserve must raise interest rates until something breaks. In Asia, the cracks have deepened significantly over the …

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Pace of government spending ‘not helpful’ in efforts to tame inflation: Macklem – National

by Vera Ward
Pace of government spending ‘not helpful’ in efforts to tame inflation: Macklem – National

The Bank of Canada’s efforts to tame inflation by raising interest rates are at odds with the projected pace of government spending, says governor Tiff Macklem. Macklem spoke to reporters …

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Bank of Canada holds interest rate steady at 5%

by Anas Siddiqui
Bank of Canada holds interest rate steady at 5%

The Bank of Canada has decided to keep its benchmark interest rate steady at five per cent, the second straight time the central bank has done so and a sign it may …

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Opinion: China downturn, Israel-Hamas war, US election strife – is 2024 already doomed?

by Anas Siddiqui
Opinion: China downturn, Israel-Hamas war, US election strife – is 2024 already doomed?

When asked why the BOJ isn’t tapering or preparing to raise interest rates, governor Kazuo Ueda has taken to signalling that it all depends on China. So has Bank of …

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Opinion: Regulators’ fears suggest global financial system not as stable as hoped

by Anas Siddiqui
Opinion: Regulators’ fears suggest global financial system not as stable as hoped

The IMF’s Global Financial Stability Report, released earlier this month, warned that there are still vulnerabilities out there. This is not difficult to see since global real estate values are …

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Ottawa making financing cheaper for more builders to spur rental construction – National

by Vera Ward
Ottawa making financing cheaper for more builders to spur rental construction – National

The Liberal government’s latest plan to get more rental housing built is to expand a program that helps developers secure cheaper mortgage rates as higher interest costs affect the viability …

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