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Stephen Poloz discusses impact of opposing U.S., Canadian monetary policies
Stephen Poloz discusses impact of opposing U.S., Canadian monetary policies Central bank will ‘continue to run an independent monetary policy, anchored by our inflation target of 2%’ Stephen Poloz cut the Bank of Canada’s benchmark interest rate twice last year. The Bank of Canada sent a strong signal today that it is content to allow […]
Canadian dollar dips below 71 cents for 1st time since 2003
Canadian dollar dips below 71 cents for 1st time since 2003 Oil and threat of global conflicts weigh on risky loonie The Canadian dollar is dropping to levels not seen since the summer of 2003. (Pawel Dwulit/Bloomberg) The Canadian dollar lost more than half a cent this morning, pushed down by oil prices and widespread […]
Household debt still rising, but most Canadians in decent shape: experts
Household debt still rising, but most Canadians in decent shape: experts Bank of Canada worries some Canadian households may be over their heads Most Canadians handle debt well, but a small minority have so much, they might everntually be in trouble. (CBC) Canadian households will close out 2015 carrying thicker layers of debt after worrisome […]
Bank of Canada says housing, debt threaten financial system
Bank of Canada says housing, debt threaten financial system Central bank releases financial system review that focuses on small group of highly indebted people Bank of Canada governor Stephen Poloz told a news conference on Tuesday that the bank is watching a small group of Canadian households that are highly indebted. (CBC) Household indebtedness and […]
Halifax Superstores warn of short supply due to weather, dollar
Halifax Superstores warn of short supply due to weather, dollar Grocery bills likely will go up in 2016 due to vegetable and fruit prices, a report says Inflation is modest at 1 per cent, but the price of fresh vegetables was up 11.5 per cent in September, Statistics Canada said. (Jacques Boissinot/Canadian) Some grocery stores […]
Canadian dollar on track for 2nd-worst year ever
Canadian dollar on track for 2nd-worst year ever Currency is down 17% year-to-date against the U.S. currency The Canadian dollar hasn’t been at par with the U.S. dollar for three years. This year, the loonie’s slide against the American dollar was one of the biggest ever. (Mark Blinch/Reuters) The word “beleaguered” — often used to describe […]
Canadian dollar tumbles to close below 72 cents US
Canadian dollar tumbles to close below 72 cents US Oil slips below $35 US amid continuing strength of U.S. dollar Some analysts say the loonie could eventually fall to 70 cents US as the currency is pressured by low commodity prices, and the diverging interest rate policies of Canada and the United States. (Mark Blinch/Reuters) […]
Doomsayers are wrong (so far) as U.S. Fed raises rates: Don Pittis
Doomsayers are wrong (so far) as U.S. Fed raises rates: Don Pittis Breaking the ice on frozen rates has calmed markets, not roiled them U.S. Federal Reserve chair Janet Yellen oozed confidence as she announced a hike in interest rates yesterday. Markets responded in kind. (Reuters) “Remember, we have very low rates and we’ve made […]
U.S. interest rate hike will be tough medicine for indebted Canada
U.S. interest rate hike will be tough medicine for indebted Canada America has had its housing market ‘correction,’ ours is yet to come Federal Reserve Chair Janet Yellen at the Economics Club of Washington earlier this month. She is widely expected to raise the Feds main interest rate today, for the first time in nine […]
Melting glaciers, rising sea level slow down Earth’s rotation
Melting glaciers, rising sea level slow down Earth’s rotation Ancient eclipse records used to calculate changes in speed of Earth’s spin The new study shows that the Earth’s rotation is slowing down as a result of melting glaciers and rising sea levels. (NASA) With human-caused climate change, we puny creatures are having some powerful effects […]
COP21: Canada’s new goal for limiting global warming ‘perhaps a dream’
COP21: Canada’s new goal for limiting global warming ‘perhaps a dream’ Target ambitious but not impossible, scientists say Canada is currently committed to reducing emissions 30 per cent below 2005 levels by 2030, which is ‘nowhere near strong enough’ to stay below the country’s new stated target, an environmental scientist says. (CBC) This story is part […]
Suicides In Alberta Soar In Wake Of Canada’s Oilpatch Depression
Suicides In Alberta Soar In Wake Of Canada’s Oilpatch Depression Over the past year, we have extensively chronicled the tragic story of Alberta – Canada’s once booming oilpatch – disintegrate slowly at first, then very fast, into an economic and financial wasteland: “Canada Crude Contagion: Calgary Home Prices Drop Most In 2 Years” “Canada’s Biggest […]
TD Visa customers’ browsing activities open to ‘surveillance’ by bank
TD Visa customers’ browsing activities open to ‘surveillance’ by bank Bank denies collecting general information about what customers do online Colin Laughlan’s special interest in privacy legislation made him notice the fine print that gives TD Canada Trust Visa cardholders access to clients’ online activities. (CBC) A B.C. man decided to Go Public after discovering […]
UN chief warns climate change could have link with terrorism
UN chief warns climate change could have link with terrorism Ban Ki-moon tells CBC’s Margo McDiarmid social disruption could lead to more ‘terrorist fighters’ UN Secretary General Ban Ki-moon, in an interview with CBC, said the effects of climate change will lead to social disruption, fuelling the frustration of the young and unemployed, who may […]
After Paris, there will be no stopping the surveillance state now
After Paris, there will be no stopping the surveillance state now Public surveillance increasing at an ‘accelerating rate,’ researchers say, with Europe leading the way CCTV footage of three British girls catching a flight to Turkey in February to join ISIS dominated the news media for days and likely contributed to the public thirst for […]
