Prices for liquor, food — even holidays — to soar higher as loonie tumbles against US dollar

Prices for liquor, food — even holidays — to soar higher as loonie tumbles against US dollar

As he sits down at his desk and boots up his computer each day, the first thing Steve Bamford does is visit a currency exchange website. No, he’s not in the world of high finance. But these days, with the loonie tumbling, the veteran produce wholesaler needs to keep his eye on just where the … Read more

David Rosenberg: Housing is set for a monstrous fall-off and the Bank of Canada is underestimating the economic risks

David Rosenberg: Housing is set for a monstrous fall-off and the Bank of Canada is underestimating the economic risks

As the Bank of Canada continues tightening monetary policy in the coming months, the Canadian economy will have to confront the reality that its unsustainable household debt load will act as a constraint on economic growth. And this will be at a time when the housing sector, which had been boosted by investor speculation throughout … Read more

Before the Bell: What every Canadian investor needs to know today

Before the Bell: What every Canadian investor needs to know today

Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today. Equities Wall Street futures fell in a choppy premarket period as nervousness over the path of interest rate hikes and the impact on the economy continues to dominate … Read more

What every Canadian investor needs to know today

What every Canadian investor needs to know today

Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today. Equities Canada’s main stock index fell in early trading Tuesday on shaky global sentiment and weakness in tech shares. On Wall Street, key indexes also started lower after … Read more

Air travel: Swoop says spiking fuel costs mean price fares

Air travel: Swoop says spiking fuel costs mean price fares

An ongoing spike in jet fuel prices will have to be passed on to passengers – at least in part – even as competition ramps up among discount carriers, says the new president of budget airline Swoop. Bob Cummings, named head of the WestJet Group’s ultra-low-cost subsidiary last week, said in an interview that budget … Read more