Loonie tumbles from eight-week high after Fed rate hike – Article – BNN

The Canadian dollar tumbled from an eight-week high against its U.S. counterpart on Wednesday, pressured by lower oil prices and broader gains for the greenback after the Federal Reserve raised U.S. interest rates for the first time in a year.

Source: Loonie tumbles from eight-week high after Fed rate hike – Article – BNN

Yahoo uncovers another cyber attack; 1 billion accounts compromised – Article – BNN

The number of affected accounts from this 2013 security breach is double the scope of an attack in 2014 that the Internet company disclosed in September.

Source: Yahoo uncovers another cyber attack; 1 billion accounts compromised – Article – BNN

Canadian household debt-to-income ratio rises to record high 166.9% – Article – BNN

Canadians owed $1.67 in credit market debt, which includes consumer credit and mortgage and non-mortgage loans, for every dollar of disposable income.

Source: Canadian household debt-to-income ratio rises to record high 166.9% – Article – BNN

Fed move unlikely to cause significant boost in Canadian mortgage rates, experts say – Article – BNN

Steve Pipkey of Vancouver-based online brokerage Spin Mortgage says the bond market has already priced in the increase.

Source: Fed move unlikely to cause significant boost in Canadian mortgage rates, experts say – Article – BNN

Personal Investor: Fed rate hike a wake-up call for debt-burdened Canadians – Article – BNN

Washington, DC may seem like a long way away, but the latest interest rate hike by the U.S. Federal Reserve will eventually hit home for the average Canadian.

Source: Personal Investor: Fed rate hike a wake-up call for debt-burdened Canadians – Article – BNN

El-Erian commends Trump’s economic picks, says plan to ramp up debt has potential to work

There is room for a debt-financed expansion of the U.S. economy under President-elect Donald Trump, according to renowned investor Mohamed El-Erian.

Source: El-Erian commends Trump’s economic picks, says plan to ramp up debt has potential to work