Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Making sense of the markets this week: July 31 Jul 30th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
With earnings season in full swing, there’s a lot to catch up on this week, as we try to make sense of the markets that defy being d.... More »
Rocky year ahead for Canadian economy + MORE Jan 6th
TORONTO – The chief economists of some of Canada’s biggest banks say the country is headed for a rocky year as low oil prices continue to drag on economic performance.
Bank of Montreal chief economist Douglas Porter told a morning gathering of leading economists today that it’s going to be a â.... More »
The best high-interest savings accounts in Canada for 2023 Oct 20th
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The best high-interest savings accounts in Canada for 2023
Here are the accounts offering the highest interest rates and lowest fees.
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The rates i.... More »
The great short-the-TSX-banks strategy is on the wane Oct 31st
Short positions on Canadian bank stocks ramped to record highs beginning in early 2015
.... More »
RBC and BMO follow Bank of Canada, cutting prime rates + MORE Jan 28th
Royal Bank of Canada, the country's biggest lender, said on Tuesday it would cut its prime lending rate by 15 basis points, becoming the first of Canada's big banks to trim borrowing costs nearly a week after the central bank stunned markets with a rate cut..... More »
5 factors that are giving the US an edge over other major economies
– canadianbusiness.com
WASHINGTON – How does the U.S. economy do it?
Europe is floundering. China faces slower growth. Japan is struggling to sustain tentative gains.
Yet the U.S. job market is humming, and the pace of economic growth is steadily rising. Five full years after a devastating recession officially ended, the economy is finally showing the vigour that Americans have long awaited.
Last month, employers added 288,000 jobs and helped reduce the unemployment rate to 6.1 per cent, the lowest since September 2008. June capped a five-month stretch of 200,000-plus job gains — the first in nearly 15 years.
After having shrunk at a 2.9 per cent annual rate from January through March — largely because of a brutal winter — the U.S. economy is expected to grow at a healthy 3 per cent pace the rest of the year.
Here are five reasons the United States is outpacing other major economies:
AN AGGRESSIVE CENTRAL BANK
“The Federal Reserve acted sooner and more aggressively than other central banks in keeping rates low,” says Bernard Baumohl, chief global economist at the Economic Outlook Group…
Europe is floundering. China faces slower growth. Japan is struggling to sustain tentative gains.
Yet the U.S. job market is humming, and the pace of economic growth is steadily rising. Five full years after a devastating recession officially ended, the economy is finally showing the vigour that Americans have long awaited.
Last month, employers added 288,000 jobs and helped reduce the unemployment rate to 6.1 per cent, the lowest since September 2008. June capped a five-month stretch of 200,000-plus job gains — the first in nearly 15 years.
After having shrunk at a 2.9 per cent annual rate from January through March — largely because of a brutal winter — the U.S. economy is expected to grow at a healthy 3 per cent pace the rest of the year.
Here are five reasons the United States is outpacing other major economies:
AN AGGRESSIVE CENTRAL BANK
“The Federal Reserve acted sooner and more aggressively than other central banks in keeping rates low,” says Bernard Baumohl, chief global economist at the Economic Outlook Group…
