Toronto property listings are being canceled at ‘unprecedented’ rates

Toronto property listings are being canceled at ‘unprecedented’ rates

Property listings across Toronto are being canceled at an “unprecedented” rate since the beginning of 2022, an indication that sellers are not getting offers they want amid market uncertainty, experts say. Sellers terminated 2,822 condo listings in June, a 643 per cent increase from 380 cancellations in January according to a report from Strata.ca, a … Read more

Canadian home prices spiral down in June

Canadian home prices spiral down in June

A single family home for sale in Vancouver on July 6.JENNIFER GAUTHIER/The Globe and Mail Canada’s housing market slowed for the third straight month in June, with home prices cratering – the largest monthly decline on record – as borrowing costs soar and buyers struggle to qualify for a mortgage. The national home price index, … Read more

Why I’m good with not owning oil and gas producers

Why I’m good with not owning oil and gas producers

I have always wondered why your model Yield Hog Dividend Growth Portfolio has no oil and gas producers, which pay higher dividends than some of the other stocks in the portfolio. Why don’t you own these stocks? I chose not to include oil and gas stocks – or resource producers of any kind – for … Read more

Need secure retirement income? Rising interest rates have juiced annuity payouts

Need secure retirement income?  Rising interest rates have juiced annuity payouts

Along with GICs, annuities demand a fresh look as interest rates soar. Both are minimal-risk, conservative investments that were long avoided by many people because their returns reflected persistently low interest rates. Rising rates this year have improved returns for both dramatically. Annuities are insurance contracts where you turn a lump sum of money over … Read more

Monthly payments on variable-rate mortgages could increase as borrowers near their ‘trigger rate’

Monthly payments on variable-rate mortgages could increase as borrowers near their ‘trigger rate’

An obscure feature of variable-rate mortgages may push up the monthly payments for an increasing number of borrowers as the Bank of Canada aggressively hikes interest rates. It’s called the “trigger rate” – the interest rate level that, when surpassed, causes a mortgage holder’s monthly payments to change. The trigger rate has been largely ignored … Read more

Cassidy has interest from numerous NHL teams after firing by Bruins

Cassidy has interest from numerous NHL teams after firing by Bruins

Bruce Cassidy said he has seen his phone light up less than 72 hours after he was fired as coach by the Boston Bruins. Cassidy said that “a number of teams” in the NHL have been in contact with him since he was told Monday that the Bruins were opting out of the final year … Read more

RBC’s break with Dustin Johnson amid LIV Golf controversy lifts veil on machinations of brand sponsorships

RBC’s break with Dustin Johnson amid LIV Golf controversy lifts veil on machinations of brand sponsorships

Dustin Johnson during the Pro-Am ahead of the LIV Golf Invitational Series at the Centurion Club in Hertfordshire, England, on June 8.Steven Paston/The Associated Press In early April, on the eve of this year’s Masters golf tournament, RBC rolled out a slick new TV spot in the United States featuring professional Dustin Johnson, whom the … Read more

Canada’s big banks expect billions in added income following interest rates hike

Canada’s big banks expect billions in added income following interest rates hike

Canada’s big banks expect to earn billions of dollars in added income from interest charges over the next year as central banks drive up interest rates, but the rapid pace of rate hikes could dampen the boost to profits if higher borrowing costs reduce demand for new loans. The Bank of Canada announced its second … Read more

Fed chief Powell backs moving more quickly on interest-rate hikes

Fed chief Powell backs moving more quickly on interest-rate hikes

Federal Reserve Chairman Jerome Powell on Thursday joined the chorus of US central bankers who want to move faster on raising interest rates. “It is appropriate in my view to be moving a little more quickly,” Powell said during a discussion hosted by the International Monetary Fund in Washington. “I also think there’s something in … Read more

Consider new ideas coming from greater RRSP savings

Consider new ideas coming from greater RRSP savings

Over the years I’ve learned some hard life lessons. Most notably, Carolyn has told me that I have two major faults: I don’t listen, and then there was, I don’t know, some other thing she was rambling on about. Another important lesson I’ve learned is that the best time to save money is when you … Read more