Tens of thousands of vulnerable households will renew their mortgage in 2026 at significantly higher rates, pushing Canada towards a recession, in a worst case scenario.
— Read on www.thestar.com/business/banks-are-expecting-a-wave-of-mortgage-defaults-economists-say-a-credit-crunch-could-hurt/article_c93e1d80-3ad4-11ef-90ce-bf15e20a8661.html
Nvidia Stock-Price Prediction: Analyst Sees $6 Trillion Market Cap by Year-End – Markets Insider
“Even though the stock has done so well, it is still relatively cheap compared to where it was trading in the past,” Eric Jackson said.
— Read on markets.businessinsider.com/news/stocks/nvidia-price-prediction-nvda-250-price-target-6-trillion-valuation-2024-6
Hidden costs of homeownership average $18,000 a year
Mortgage payments may be expensive, but the cost of owning and maintaining a home can be nearly as high. Here’s what to know.
— Read on www.cnbc.com/2024/06/11/hidden-costs-of-homeownership-average-18000-a-year.html
How Nvidia stock splits compare to Apple stock splits – Fast Company
Apple’s history of stock splits offers some insight on what to expect with the Nvidia 10-for-1 stock split.
— Read on www.fastcompany.com/91135815/nvidia-stock-split-compares-to-apple-stock-split
Live updates: Bank of Canada cuts key interest rate to 4.75% in widely anticipated move – The Globe and Mail
Governor Tiff Macklem and senior deputy governor Carolyn Rogers will hold a news conference at 10:30 am. ET to speak about the decision
— Read on www.theglobeandmail.com/business/article-bank-of-canada-interest-rate-live-june/
Why Canadians are losing patience with public servants | National Post
Polling shows Canadians generally support government employees spending more time in the office.
— Read on nationalpost.com/news/canada/divorced-from-reality-why-canadians-are-losing-patience-with-public-servants
When Will the Fed Cut Interest Rates? Don’t Plan on This Year. – Barron’s
Federal Reserve Chairman Jerome Powell and his team had hoped to lower interest rates in 2024. But sticky inflation, a strong economy, and calendar quirks are thwarting their plans.
— Read on www.barrons.com/articles/fed-powell-interest-rate-cuts-projection-69d97a5f
GDP has forecasts mixed on Bank of Canada rate cut | Financial Post
GDP slowed more than expected but economists still divided on when the Bank of Canada will cut interest rates. Read more
— Read on financialpost.com/news/economy/gdp-views-mixed-bank-of-canada-rate-cut
Big Six banks keep putting cash aside for mortgage defaults
Despite challenging economic backdrop, banks report solid Q2 profits this week with five of the six beating analysts’ expectations.
— Read on www.thestar.com/business/big-six-banks-put-millions-more-aside-for-defaults-as-mortgage-payment-shocks-ripple-through/article_5ae55a9a-1e84-11ef-a8a1-d3636b810e89.html
Why the Bank of Canada may hold interest rates again | Financial Post
The Bank of Canada will likely hold interest rates next week and wait for more data on inflation, says economist. Find out more
— Read on financialpost.com/news/bank-of-canada-may-hold-interest-rates-again