A spike in gasoline prices was largely responsible for a 3.7% annual increase in the consumer price index for August 2023.
— Read on www.cnbc.com/2023/09/13/heres-the-inflation-breakdown-for-august-2023-in-one-chart.html
Interest rate hikes pushed a B.C. couple’s mortgage payments up $2,700 a month
Mortgage demand from homebuyers drops to a 28-year low as interest rates soar
Mortgage rates jumped last week to the highest level in 23 years.
— Read on www.cnbc.com/2023/08/23/mortgage-demand-from-homebuyers-drops-to-a-28-year-low-as-interest-rates-soar.html
The 50 Most Valuable Companies in the World in 2023
The world’s 50 most valuable companies represent over $25 trillion in market cap. We break this massive figure down by company and sector.
— Read on www.visualcapitalist.com/the-50-most-valuable-companies-in-the-world-in-2023/
A financial planner shares 3 pieces of money advice clients never want to hear
How are mortgages keeping inflation high? – BNN Bloomberg
How are mortgages keeping inflation high? – BNN Bloomberg
— Read on www.bnnbloomberg.ca/how-are-mortgages-keeping-inflation-high-1.1945395
Higher rents, housing costs to hinder future success of large Canadian cities: Economists – BNN Bloomberg
Higher rents, housing costs to hinder future success of large Canadian cities: Economists – BNN Bloomberg
— Read on www.bnnbloomberg.ca/higher-rents-housing-costs-to-hinder-future-success-of-large-canadian-cities-economists-1.1945827
Bank of Canada delivers growth and security to retirement portfolios – BNN Bloomberg
Bank of Canada delivers growth and security to retirement portfolios – BNN Bloomberg
— Read on www.bnnbloomberg.ca/bank-of-canada-delivers-growth-and-security-to-retirement-portfolios-1.1945779
US budget deficit blows out 64% as the nation burns cash like a ‘drunken sailor’
The US budget deficit jumped to $2.3 trillion in the 12 months through June – that’s a 64% increase from fiscal year 2022 and more than twice as big as the shortfall at the start of the pandemic.
— Read on ca.finance.yahoo.com/news/us-budget-deficit-blows-64-211317347.html
Immigration likely has ‘neutral’ effect on inflation: Macklem
Ramped-up immigration can help ease the labour shortage but it also adds to demand for consumer products and housing.
— Read on ca.finance.yahoo.com/news/immigration-likely-has-neutral-effect-on-inflation-macklem-120300609.html