The fallout from the collapse of Silicon Valley Bank has spread to the Canadian mortgage market, with some forecasters now expecting the Bank of Canada to cut interest rates sooner than previously thought. But some experts say that while the recent shakeup in financial markets could drive fixed-rate mortgage rates lower in the near term
Descrease article font size Increase article font size Zellers has confirmed its comeback date at select locations starting in Ontario and Alberta. The nostalgic discount retailer will return as an online and pop-up experience within existing Hudson’s Bay Co. stores starting March 23.Hudson’s Bay said Tuesday that the Zellers relaunch will include kitchen and bath
The swift collapse of Silicon Valley Bank (SVB) has sent aftershocks through the global financial system and Canada is not immune from the impacts. The Toronto-based branch of the startup-focused financial institution was temporarily seized by Canada’s banking regulator on Sunday night as Finance Minister Chrystia Freeland echoed her American counterparts in calling for calm
This article is part of Motorcycle accident toronto today’s Home School series, which gives Canadians the basics they need to know about the housing market that they never learned in school. Entering the housing market is viewed by many Canadians as an attractive choice, both financially and for the security of having a home to call your
The Bank of Canada held its benchmark interest rate steady on Wednesday — a decision real estate players and economists say will have major implications for the Canadian housing market. After all, most market watchers point to the central bank’s aggressive interest rate hikes over the last year as driving the slowdown from the pandemic-era
Earnings week for Canada’s biggest banks saw the country’s major lenders move in lockstep ahead of a projected economic downturn, with each putting more money away for a possible rise in credit losses. Experts say the more expensive cost of borrowing in Canada and the possibility of job losses could catch up to households and
The official start to tax season begins on Monday, Feb. 20, this year as the Canada Revenue Agency (CRA) opens its portal for Canadians to file. Before you call up your accountant or wade into the taxation trenches yourself, there are a few changes you should know about for the 2022 tax year. Read more:
Lower interest rates in 2023 could revitalize Canada’s housing market before the end of the year, according to some economists, even as the central bank warns the rate cut conversation is premature. A report from Desjardins Economics released Thursday expects home sales in Canada to “reach a low in the second half of 2023 before
Retirement is feeling increasingly out of reach for most Canadians with a year of decades-high inflation behind them and rumblings of a possible recession ahead, according to a new survey from BMO. Canadians now believe they will need $1.7 million to retire, up 20 per cent from 2020’s figure of $1.4 million, the survey said.
The pinch of high inflation and interest rates has more Canadians, and women especially, saying their budgets are at a breaking point according to a new poll. Ipsos Public Affairs polling conducted exclusively for Motorcycle accident toronto today suggests a growing proportion of Canadians (22 per cent) are “completely out of money” to the degree that they