RBC doesn’t see Canada’s housing markets going into ‘free fall’
Mortgage book of Canada’s biggest bank in good shape despite higher rates and uncertain economy. Canada’s real estate market could be more resilient than people think, says the chief financial officer of the country’s biggest bank. Royal Bank of Canada’s Nadine Ahn described the bank’s mortgage book as healthy even as home prices buckle under the weight of higher interest rates and a possible recession. High immigration levels driving demand amid a supply crunch means the country will still be grappling with an imbalance. “We’re actually in a situation where we don’t think the housing market is going to go …
Bank of Canada raises interest rate again — but hits ‘pause’ on any more for now
The Bank of Canada reinforced its commitment to keeping interest rates at historical lows over the next few years to support an economic recovery that’s being hampered by a second wave of COVID-19 cases. In a policy statement Wednesday, officials led by Governor Tiff Macklem held the central bank’s overnight rate at 0.25 per cent, which they believe is the lowest it can go without disrupting the financial system, and said they will likely keep it there until 2023. They also pledged to continue buying government bonds to suppress longer-term borrowing costs and retain current levels of stimulus, even as …
These Stores Have the Best Return Policies in Retail
L.L.Bean ended its legendary lifetime return policy to clamp down on customers who were taking heavily worn products. …
How to Construct a New Invisible Hand
We consider all the drivers of change – from the ground up and we’ll motivate and support you to make the change. …
Putin, Trump, and the Nuclear Danger
The idea that a low-yield nuclear weapon would be seen as different from a higher-yield nuclear weapon shows a complete lack of understanding of how information promulgates in the world. …
Seeking Reader Sightings on the State of Flyover
The US is a large and often very disparate country, yet the parts we hear about the most are the parts that are most the same. …
