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.
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.
Canadians owed $1.67 in credit market debt, which includes consumer credit and mortgage and non-mortgage loans, for every dollar of disposable income.
Steve Pipkey of Vancouver-based online brokerage Spin Mortgage says the bond market has already priced in the increase.
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.
(Bloomberg) — When something becomes more expensive, people will produce more of it. According to that pillar of Econ 101, new homes should be springing up all over Vancouver. Which they aren’t.
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.
The Fed is expected to raise interest rates but it won’t share the one thing markets are looking for.
Snapchat has quietly rolled out a group messaging function as it adds more features to challenge Facebook’s platforms.