Mounting Debt 'Worrying' As Canadians Stretch To Chase Rising Home Prices, Says Bank Of Canada Governor - [2021-04-01 Ljf3M6]

in economy •  4 years ago 

From the bottom up: CP Rail's Keith Creel steps out from Hunter Harrison's shadow to cement his own legacy: Joe O'Connor


Keith Creel was just a relatively raw kid from Alabama when Hunter Harrison summoned him to the 21st floor of the NBC Tower in Chicago for a meeting in 1996. It’s a day vividly imprinted on his memory 26 years later, because days like that were not supposed t…

TD Bank CEO pushes for policies to spur cash-flush consumers to spend 'pent up' demand: Geoff Zochodne


The chief executive of Toronto-Dominion Bank on Thursday suggested that policymakers should take steps to try to boost the spending of Canadian consumers, who have built up billions of dollars in added savings during the COVID-19 pandemic. TD pres…

Canadians are stalling on their taxes in this unusually complicated pandemic year: Jamie Golombek


With less than a month to go before the April 30 personal tax filing general deadline, 60 per cent of Canadians have yet to file their 2020 returns according to a new survey out this week from H&R Block Canada. The survey also found that one-in-three Canadian…

Decarbonization seen driving metals demand for decades to come: Larysa Harapyn


Jason Bloom, head of fixed income and alternatives product strategy at Invesco, speaks with the Financial Post’s Larysa Harapyn in the video below about the changing landscape for commodity investors.

  • First Cobalt strikes 5-year deal to s…

    Expect tweaks not big changes as the Bank of Canada gets closer to new interest rate policy: Kevin Carmichael


    For the better part of three decades, the men and women in charge of interest-rate policy at central banks have tended to trust one indicator to guide their decisions: inflation. Prices remain their North Star, but the sky is getting busier. In 20…

    Nuvei sees tailwinds in sports betting and crypto as payments processor looks to widen reach: Geoff Zochodne


    The chief executive of Nuvei Corp. says the Canadian payment-technology provider plans on beefing up its sales force in North America, where favourable economic and regulatory winds are blowing for the company’s current and potential clients. “One…

    The case for delaying the second vaccine dose: Larysa Harapyn


    Dr. Zain Chagla, associate professor of medicine at McMaster University, speaks with the Financial Post’s Larysa Harapyn in the video below about Canada’s vaccine strategy.

    • Pfizer, Moderna COVID-19 vaccines highly effective even after fir…

      Dollarama stock perks up after discount retailer reveals plans to expand chain to 2,000 stores: Financial Post Staff


      Despite lacklustre fourth-quarter earnings that failed to meet analyst expectations, budget retail giant Dollarama Inc. saw its shares rise Wednesday after it announced plans to expand its store count to 2,000 by 2031. Dollarama’s sales increased …

      Mounting debt 'worrying' as Canadians stretch to chase rising home prices, says Bank of Canada governor: Bianca Bharti


      Bank of Canada governor Tiff Macklem said he’s seeing “worrying” signs in Canada’s hot housing market, in which households are taking on increasing levels of debt to chase rising prices. In February, Macklem said the market was showing signs of “e…

      HOOPP eyes overseas office as it surpasses $100 billion in assets: Barbara Shecter


      The Healthcare of Ontario Pension Plan (HOOPP) surpassed $100 billion in assets in 2020, after posting an 11.42 per cent return. On the heels of that milestone, chief executive Jeff Wendling said the pension investment manager for health-care work…

      Watch for more fallout as tensions between China and the West mount — podcast: Gabriel Friedman


      This week, China announced sanctions against Michael Chong, a Canadian Member of Parliament and the House of Commons sub-committee for international human rights for having the temerity to speak out about the egregious human rights abuses against minority Mus…

      Canadian GDP set to surge this year, but high debt levels could crimp future growth prospects: Financial Post Staff


      The Canadian economy is starting to find its feet, but historic debt levels could plague the government for years to come, with GDP growth slowing towards the middle of the decade, according to new forecasts.In its latest two-year outlook, Hope at Last, the C…

      Five big reasons behind suppliers' mutiny against Canada's big grocers: Financial Post Staff


      An ongoing feud between Canada’s biggest supermarket chains and their suppliers erupted into public view during the pandemic, attracting the attention of legislators who are now contemplating new rules for the sector. Suppliers have been pushing for the gover…


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