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Source: Financialpost December 07, 2022

Big banks raise prime rate to 6.45% following Bank of Canada hike

Rate will go up by 50 basis points on Dec. 8 Canada’s big banks fell into step with the Bank of Canada and raised their prime lending rates Wednesday. We apologize, but this video has failed to load. Try refreshing your...

Source: Financialpost December 07, 2022

Mortgage rates to soar higher after latest interest rate increase, but end of hiking cycle in sight

Big banks raise prime lending rate from 5.95% to 6.45% The Bank of Canada’s half-point interest rate hike on Wednesday spells further trouble for indebted homeowners and those trying to get into the housing market, who will now have to contend...

Market Call Source: BNN Bloomberg December 06, 2022

Stephen Takacsy's Top Picks: December 5, 2022

Stephen Takacsy, president, chief executive officer and chief investment officer, Lester Asset Management FOCUS: Canadian stocks   MARKET OUTLOOK: Volatility continues to rule stock and bond markets as investors try to anticipate an end to the aggr...

Source: Financialpost December 06, 2022

Posthaste: What the Bank of Canada hike will mean for mortgage borrowers

First-time home buyers now paying over $500 more in monthly payments than if they bought last year Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made t...

Source: Financialpost December 06, 2022

Thousands of businesses that received CEWS may not have been eligible: auditor general

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Works out to 51,0...

Economy Source: Financialpost December 06, 2022

'Exaggerated' pandemic benefits fuelled 'excess demand,' driving steeper rate hikes: Scotiabank

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Scotiabank estima...

Source: Financialpost December 05, 2022

Last time Canada's yield curve inversion was this steep was just before the early 1990s recession

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC An inversion ofte...

Source: Financialpost December 05, 2022

GM converts Ontario plant to Canada's first full-scale electric vehicle maker

First BrightDrop electric delivery vans rolled off the line Monday The first electric delivery vans rolled off the line Monday at a General Motors Co. plant in Ingersoll, Ont., that has been making gas-powered vehicles for more than three decad...

Source: Financialpost December 05, 2022

Working from home is here to stay and that has consequences for both housing and office space

Teleworking will have lasting impacts on housing markets and the demand for office space An unprecedented number of Canadians continue to work from home, according to recent Statistics Canada data, with a more than three-fold increase from 2016...

Source: Financialpost December 05, 2022

Record employment rate for women shows Trudeau's subsidized daycare plan is working

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Almost 82% of wom...