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Interest Rates

Vancouver leads the way as Canadian rent prices hit new high for 6th month in a row: report

by Anas Siddiqui
Vancouver leads the way as Canadian rent prices hit new high for 6th month in a row: report

The average asking price for a rental unit in Canada reached $2,178 last month, a 9.9 per cent year-over-year increase and continuing a trend that has seen asking rents hit new highs …

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Powell says Fed is ‘not confident’ it has done enough to bring inflation down

by Walter Watson
Powell says Fed is ‘not confident’ it has done enough to bring inflation down

Federal Reserve Chairman Jerome Powell said Thursday that he and his fellow policymakers are encouraged by the slowing pace of inflation but are unsure whether they’ve done enough to keep …

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Laos is spiraling toward a debt crisis as China looms large

by Walter Watson
Laos is spiraling toward a debt crisis as China looms large

A pedestrians at a bus station in Vientiane, Laos, on Saturday, June 24, 2023. Valeria Mongelli | Bloomberg | Getty Images An alarming debt crisis has unfolded in Laos in …

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NAB the first of the big four banks to hike rates following RBA increase

by Anas Siddiqui
NAB the first of the big four banks to hike rates following RBA increase

There is more financial pain on the cards for Australian borrowers with the first of the big four banks announcing it would lift mortgage rates following the Reserve Bank’s Melbourne …

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WeWork files for bankruptcy protection

by Anas Siddiqui
WeWork files for bankruptcy protection

WeWork has filed for Chapter 11 bankruptcy protection, marking a stunning fall for the office-sharing company once seen as a Wall Street darling that promised to upend the way people …

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RBA Melbourne Cup Day interest rates decision: Reserve Bank of Australia makes big call in face of high inflation

by Anas Siddiqui
RBA Melbourne Cup Day interest rates decision: Reserve Bank of Australia makes big call in face of high inflation

The Reserve Bank of Australia has resumed hiking interest rates after holding steady for the past four months, piling on financial pressure for mortgage holders. The RBA met on Tuesday …

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This grandmother works gruelling 70-hour weeks just to pay the bills. And she’s not alone

by Anas Siddiqui
This grandmother works gruelling 70-hour weeks just to pay the bills. And she’s not alone

Young outside of the home she rents with her husband in Flatrock, N.L. She says the two don’t have much time to spare for each other these days. (Malone Mullin/CBC) …

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A cool jobs report heats up markets

by Walter Watson
A cool jobs report heats up markets

Job seekers speak with prospective employers during a City of Los Angeles career fair offering to fill vacancies in more than 30 classifications of jobs on November 2, 2023 in …

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Opinion: Signs are pointing to another Black Monday. Somebody tell the Fed

by Anas Siddiqui
Opinion: Signs are pointing to another Black Monday. Somebody tell the Fed

With two hot wars currently under way – Russia’s against Ukraine and Israel’s against Hamas in Gaza – on top of the US’ cold wars against Russia and China, attention …

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The ‘sugar rush’ effect: Why the U.S. economy is growing faster than Canada’s

by Walter Watson
The ‘sugar rush’ effect: Why the U.S. economy is growing faster than Canada’s

In a lot of ways, the U.S. and Canadian economies are similar. They’re both seeing progress in the fight to rein in inflation. They both have robust employment levels. But …

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