Forecasters split on how high Bank of Canada will push next rate hike

Forecasters split on how high Bank of Canada will push next rate hike

The Bank of Canada is expected to increase interest rates once more this week, capping off a tumultuous year for the central bank.Justin Tang/The Canadian Press The Bank of Canada is expected to cap its tumultuous year with another interest-rate increase this week, although private-sector forecasters are split on how big the bank will go … Read more

Bank of Canada expected to end year with one more rate increase, likely to pause hikes soon

Bank of Canada expected to end year with one more rate increase, likely to pause hikes soon

The Bank of Canada is expected to conclude a historic year marked by high inflation and aggressive monetary policy tightening with one more interest rate hike on Wednesday. Forecasters anticipate the central bank will raise its key interest rate, which is currently at 3.75 per cent, by either a quarter or half a percentage point … Read more

Short-term, fixed-rate mortgages are growing in popularity. Are they right for you? – National

Short-term, fixed-rate mortgages are growing in popularity.  Are they right for you?  – National

Shorter-term fixed-rate mortgages are increasingly popular among Canadian homeowners and house hunters seeking the certainty of a steady rate but looking for more flexibility in their financing, experts say. With the Bank of Canada seemingly getting close to the peak of its interest rate tightening cycle, mortgage professionals who spoke to Global News said the … Read more

Alberta company creates mission critical designs for NASA

Alberta company creates mission critical designs for NASA

They are rooms that host some of the world’s greatest minds, launching humanity further than ever before. As NASA works towards its return to the moon through the Artemis mission, a Calgary company has a role to play from the ground. Evans Consoles is responsible for the design of all three of the Johnson Space … Read more

Bank of Canada expected to deliver interest rate hike next week. How high will it go? – National

Bank of Canada expected to deliver interest rate hike next week.  How high will it go?  – National

The Bank of Canada is expected to conclude a historic year marked by high inflation and aggressive monetary policy tightening with one more interest rate hike on Wednesday. Forecasters anticipate the central bank will raise its key interest rate, which is currently at 3.75 per cent, by either a quarter or half a percentage point … Read more

5 things to know before the stock market opens Friday, December 2

5 things to know before the stock market opens Friday, December 2

A GE AC4400CW diesel-electric locomotive in Union Pacific livery, is seen ahead of a possible strike if there is no deal with the rail worker unions, as a Metrolink commuter train (right) arrives at Union Station in Los Angeles, California, September 15 , 2022. Bing Guan | Reuters Here are the most important news items … Read more

Two electric vehicles left undriveable after plugging into Horseshoe Bay station

Two electric vehicles left undriveable after plugging into Horseshoe Bay station

It was around noon last Thursday when Jenny Sopcak’s daughter went to the electric vehicle charging station in Horseshoe Bay. She plugged in the Nissan Leaf and stayed in the car while she gave it a quick charge. “When she pushed the button to turn the car on all the dashboard lights lit up and … Read more

Indonesia’s TikTok sellers do roaring trade in hijab, handbags | eCommerce

Indonesia’s TikTok sellers do roaring trade in hijab, handbags |  eCommerce

Bali, Indonesia- Like many in his village, Inggit Pambudi and his wife Mudya Ayu earn a living making and selling headscarves. The couple are part of the thousands of home industries in West Java’s district of Cicalengka, known as “Kampung Hijab”, or “Hijab Village”. Cicalengka specializes in modest wear, a highly sought-after commodity in Muslim-majority … Read more

Salesforce, Five Below, Okta, Costco and more

Salesforce, Five Below, Okta, Costco and more

A shopper loads a car with bottled water at a Costco Wholesalers in Chingford, Britain March 15, 2020. John Sibley | Reuters Check out the companies making headlines in midday trading. Salesforce — Shares of the cloud-based software company slid more than 9% after the firm announced the sudden departure of co-CEO Bret Taylor. The … Read more

Bank of Canada reports historic first loss of $522M in third quarter – National

Bank of Canada reports historic first loss of 2M in third quarter – National

The Bank of Canada lost $522 million in the third quarter of this year, marking the first loss in its 87-year history. In the central bank’s latest quarterly financial report, it says revenue from interest on its assets did not keep pace with interest charges on deposits at the bank, which have grown amid rapidly … Read more