In a highly anticipated decision, the Bank of Canada has opted to keep its key interest rate unchanged, signaling a cautious approach amidst evolving economic conditions. The decision, announced today by Governor Tiff Macklem, comes amid mounting speculation about the central bank’s stance on monetary policy. Interest Rate Status After careful deliberation, policymakers at the […]
Stocks Fall – Stocks and bond yields fell Thursday, pressured by weak corporate earnings reports and economic data reinforcing investors’ recession fears. Major indexes dropped at the opening bell, recovered much of their losses shortly after midday and tumbled again in afternoon trading, snapping a two-day lull when New York-listed shares barely budged. The S&P […]
Home Sales – Sales of previously owned homes fell in March from the prior month as higher mortgage rates slowed buying activity. US existing-home sales, which make up most of the housing market, fell 2.4% in March from the prior month to a seasonally adjusted annual rate of 4.44 million, the National Association of Realtors […]
The cost of raising a child through high school has risen to more than $300,000 because of inflation that is running close to a four-decade high, according to a Brookings Institution estimate. It determined that a married, middle-income couple with two children would spend $310,605—or an average of $18,271 a year—to raise their younger child […]
Inflation is the problem “Going up in 50-basis-point increments to me makes quite a bit of sense and there’s no reason right now that I see in the economy to pause on doing that in the next couple of meetings” -Mary Daly, San Francisco Fed President, May 12, 2022 It has become ever clearer that […]
Warren Buffett’s Berkshire Hathaway has made a big bet on Citigroup, as the legendary investor funnels some of the conglomerate’s mammoth cash hoard into stocks during this year’s market decline. Berkshire bought $3bn worth of shares in the Wall Street bank in the first quarter, giving the group a stake of about 2.8 per cent, […]
Sales Support