Canada

Credit Suisse warns of ‘interest rate shock’ to Canadian economy. Plus, how to lock in a 5% annual return for 10 years

The global economics team at Credit Suisse slashed their world growth estimates for 2022 and 2023 this week while also providing a less than encouraging outlook for the Canadian economy. Investors should be very careful with cyclical, growth-sensitive stocks for the foreseeable future. Economist Ray Farris used the disquieting title “The worst is yet to …

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Harvard scientists find first definitive proof of the rise of oceans

Mitrovica and colleague David Sandwell from the Scripps Institution of Oceanography noticed the satellite data. Records from this area had often only gotten as far south as Greenland, but in this latest release, the data reached 10 degrees higher in latitude, giving the scientists the opportunity to spot a potential glimpse of the seesaw generated …

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Canadian home prices may fall as affordability gap widens, budget watchdog says

Canada home prices could fall as much as 23 per cent from peak levels this year alone, as rising interest rates make current price tags increasingly unaffordable for would-be buyers, according to scenarios outlined on Thursday by Canada’s independent budgetary watchdog. While Canada’s average resale price has fallen 7 per cent from February’s peak, the …

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Gas prices spike as much as 20 cents in some Canadian cities – National

By Staff The Canadian Press Posted September 29, 2022 11:43 am Smaller font Descrease article font size –HAS Larger font Increase article font size HAS+ Gas prices jumped overnight in some cities across Canada by as much as almost 20 cents. According to the CAA’s gas price tracker, the price of gas is up nationally …

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Poilievre overtakes Trudeau as leader seen as best choice for prime minister: poll – National

Less than a month into the job, Conservative Leader Pierre Poilievre has overtaken Prime Minister Justin Trudeau as the candidate seen as the best choice to lead the country, a new poll suggests. The Ipsos poll conducted exclusively for Global News found 35 per cent of Canadians surveyed believe Poilievre is the best for prime …

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Will the coming recession be ‘mild’? Perhaps. But painless? Don’t count on it

A fourth forecaster has projected a little recession for Canada, and this time it’s supposed to start next week. Deloitte Canada joins economists at Bank of Montreal, Desjardins and Royal Bank in seeing two straight quarters of “mild” economic contraction in our near future — perhaps as soon as the fourth quarter of 2022 which …

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Go west, young man: Alberta sees largest wave of interprovincial migration since 2014

Almost 10,000 more people moved into Alberta from other parts of Canada in the second quarter of 2022 than vice versa, according to a Statistics Canada analysis released by ATB Financial on Thursday. It was the largest net gain since the second quarter of 2014 and the fourth quarter in a row in which Alberta’s …

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Albertans asked to cut back on electricity use Tuesday night as ‘grid alert’ issued for province

Albertans were asked to reduce their electricity consumption on Tuesday night as the entity responsible for the province’s electrical system issued a “grid alert.” “(Grid alerts are issued) when the power system is under stress and we’re preparing to use emergency reserves to meet demand and maintain system reliability,” the Alberta Electric System Operator said …

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Canada falls in world rankings and is no longer considered the best country in the world

While it is widely accepted that Canada is one of the very best places to live in the world, one prestigious ranking shows that it is no longer tea best place, apparently. While US News & World Report, BAV Group, and the University of Pennsylvania’s Wharton School named Canada number one in their annual Best …

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Prices for these basic items are going up even more in Canada but for a new reason

While the last few months have had most Canadians overstretched financially, prices for many more basic household necessities are about to get even higher, but not just because of inflation rates (which are finally starting to slow their upward trajectory, but are still more than double the long-term average). Experts are now warning that the …

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