The Liberal government on Monday announced proposed changes to the Canadian mortgage market, expanding the availability of 30-year amortizations and raising the cap on insured mortgage products. First-time homebuyers, as well as those purchasing new builds, will soon be able to take out insured mortgages with a 30-year amortization, up from the typical 25-year payback … Read more
Here are the most important news items that investors need to start their trading day: 1. The Fed’s up Jerome Powell at Jackson Hole on August 23, 2024. David A. Grogan | CNBC The long-awaited Federal Reserve interest rate cut may finally arrive this week. The central bank’s policymakers are set to announce Wednesday whether they … Read more
As the House of Commons gets back to business for the fall session, support for Prime Minister Justin Trudeau and his Liberal government has hit a “new low,” new polling shows. Just over one-third of Canadians (33 per cent) approve of the Trudeau government, according to an Ipsos poll conducted exclusively for Global News and … Read more
Air Canada and the union representing more than 5,200 pilots have reached a last-minute tentative deal in their labour dispute, averting a strike that could have disrupted travel plans for thousands of passengers. In a statement on Sunday, Air Canada said that a new tentative, four-year agreement reached with the Air Line Pilots Association (ALPA) … Read more
The clock is ticking for Air Canada and its pilots to reach an agreement in their labour dispute ahead of a looming shutdown that could upend air travel for thousands of passengers. Some disruptions have already begun as a midnight deadline is fast approaching for the national carrier and the Air Line Pilots Association (ALPA), … Read more
US Federal Reserve Chair Jerome Powell arrives to testify before the Senate Banking, Housing, and Urban Affairs Hearings to examine the Semiannual Monetary Policy Report to Congress at Capitol Hill in Washington, DC, on July 9, 2024. Chris Kleponis | AFP | Getty Images Federal Reserve officials head into their policy meeting Tuesday closer to … Read more
MISSOULA, Mont. — In a subdivision near the northern edge of town, a number of condos and duplexes have popped up in the past three years. It’s part of a larger effort, including new zoning laws, to help provide affordable housing to Montanans who have found themselves priced out of the market, said DJ Smith, … Read more
Here are five key things investors need to know to start the trading day: 1. Four-ward The S&P 500 marked its fourth winning day in a row Thursday, gaining 0.75%. The Nasdaq Composite did even better, rising 1%, as investors snapped up tech names, while the Dow Jones Industrial Average added 235.06 points, or 0.58%. The gains came … Read more
Air Canada could start winding up operations and cancelling flights imminently ahead of Sunday’s strike deadline. Unless a settlement is reached by Sunday, either Air Canada or the Air Line Pilots Association (ALPA), which represents 5,200 Air Canada pilots, could issue a 72-hour lockout or strike notice. Business, industry and tourism groups have called on the federal … Read more
The European Central Bank cut interest rates again on Thursday as inflation slows and economic growth falters, but provided no substantial clues to its next step, even as investors bet on steady policy easing in the months ahead. The ECB lowered its deposit rate by 25 basis points to 3.50% in a widely telegraphed move, … Read more
