BoC warns of potential ‘significant’ risks amid household debt levels – Article – BNN

Home price pressures have become so acute that almost half of Toronto homeowners who took out a mortgage in the third quarter were considered highly indebted.

Source: BoC warns of potential ‘significant’ risks amid household debt levels – Article – BNN

Sobeys’ parent takes aim at costs as grocer’s profit sinks 70% – Article – BNN

The parent company of Sobeys and Safeway Canada is vowing to clamp down on costs after suffering a sharp plunge in second-quarter earnings.

Source: Sobeys’ parent takes aim at costs as grocer’s profit sinks 70% – Article – BNN

U.S. banks forced to better shield investors against losses – Article – BNN

The eight biggest U.S. banks will be required to build new cushions against losses that would shift the burden to investors. The action by the Federal Reserve was the latest bid by regulators to reduce the chances of future taxpayer bailouts.

Source: U.S. banks forced to better shield investors against losses – Article – BNN

Bank of England holds interest rate at record low – Article – BNN

Britain’s economy has held up much better so far to a Brexit vote than many forecasters expected. Fears over the impact prompted the bank to cut rates for the first time in more than seven years and expand its economic stimulus program in August.

Source: Bank of England holds interest rate at record low – Article – BNN

U.S. dollar surges, euro tumbles in wake of Fed rate hike – Article – BNN

The dollar charged to a 14-year high and government bond yields rose sharply on Thursday after the Federal Reserve hiked U.S. interest rates and signalled more would follow at a faster pace next year. The euro tumbled to US$1.0435 at 6:20 a.m. ET, hitting its lowest level against the greenback since 2003.

Source: U.S. dollar surges, euro tumbles in wake of Fed rate hike – Article – BNN

TD Bank quietly raises fixed mortgage rates after similar move by RBC – Article – BNN

TD Bank has quietly increased its fixed mortgage rates ahead of a similar move by Royal Bank of Canada to take effect Thursday, the latest sign that Canada’s big banks are hiking the costs of borrowing for homeowners.

Source: TD Bank quietly raises fixed mortgage rates after similar move by RBC – Article – BNN