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Source: Financialpost April 12, 2024

Canada to allow 30-year mortgages for first-time homebuyers

Government will also nearly double — to $60,000 — the amount first-time homebuyers can withdraw from RRSPs to buy a homeCanada will loosen the rules on mortgages to allow first-time buyers to take out 30-year loans when they purchase newly-built homes....

Source: Financialpost April 12, 2024

Canada's productivity woes going from bad to worse, warn economists

The country's productivity has fallen for the past 13 quarters and is now back to where it was in 2016Canada’s productivity problem has gone from bad to worse, a panel of economists told a conference in Toronto Thursday. We apologize, but this video h...

Source: Financialpost April 12, 2024

What the 30-year mortgage changes mean for consumers

Launches Aug. 1 for default-insured first-time buyers purchasing newly built homesDespite Wednesday’s jump in U.S. inflation, the Bank of Canada meeting and Canada’s 14-basis point eruption in 5-year bond yields, our leading mortgage rates are still flat ver...

Source: BNN Bloomberg April 11, 2024

Markets today: S&P 500 hit by Fed-pivot rethink and war jitters

Wall Street traders sent stocks and bonds sliding after another hot inflation report signaled the Federal Reserve will be in no rush to cut rates this year. Oil climbed as geopolitical jitters resurfaced. Equities extended their April losses, with the S&P...

Source: Financialpost April 11, 2024

Copper has entered its second bull market this century, say analysts

Potential for 'explosive price upside' over the next three yearsCopper has entered its second secular bull market this century, Citigroup Inc. analysts say, as the metal traded near a 15-month high. We apologize, but this video has failed to load. Try...

Source: Financialpost April 11, 2024

Bank of Canada says June interest rate cut 'within the realm of possibilities'

Central bank holds rate at 5% but sees progress on inflation Get the latest from Barbara Shecter straight to your inbox Sign Up The Bank of Canada left the key overnight interest rate at five per cent Wednesday, but governor Tiff Macklem said a June c...

Source: Financialpost April 11, 2024

‘Ready to begin trimming’: What economists say about Bank of Canada's rate hold

Central bank held interest rates at 5% for the sixth consecutive timeThe Bank of Canada kept interest rates at five per cent on Wednesday, its sixth consecutive hold since the last increase in July 2023. Here’s what economists are saying about the decision a...

Source: Financialpost April 11, 2024

Middle-aged woman who just lost her high-income job wonders when it's 'safe' to retire

One expert thinks this 47-year-old could retire now if she really wanted toReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Alberta-ba...

Source: Financialpost April 11, 2024

Philip Cross: Last-gasp defence can't save the carbon tax

Fans of the tax lost credibility early when they bought estimates that B.C.'s carbon tax had cut emissions a lot with very little painThe April 1st implementation of another hike in the federal government’s carbon tax and the growing prospect that a Poilievr...

Source: Financialpost April 11, 2024

'Tall order to ask the average Canadian': EVs are twice as hard to sell today

Canada’s goal of ensuring at least 20% of new vehicles sold by 2026 are electric seems to be in jeopardy as demand slows Get the latest from Naimul Karim straight to your inbox Sign Up As automakers continue to delay their electric-vehicle plans and r...