Provincially regulated credit unions aren’t bound by OSFI’s mortgage stress test and homeowners have taken notice
There’s a multi-million-dollar corner of Canada’s financial system where a stringent “stress test” imposed by the Office of the Superintendent of Financial Services was never adopted. It’s already attracting homeowners seeking an easier path to qualify for a mortgage amid rising interest rates and it’s
TOKYO (Reuters) – Japan’s finances are becoming increasingly precarious, Finance Minister Shunichi Suzuki warned on Monday, just as markets test whether the central bank can keep interest rates ultra-low, allowing the government to service its debt.
Japan’s public debt is more than double its annual economic output, by far the heaviest burden in the industrialized world.
The government has been helped by near-zero bond yields, but bond investors have recently sought to break the Bank of Japan’s (BOJ) 0.5% cap on the 10-year bond yield, as inflation runs at 41-year highs, double the central the bank’s 2% target.
“Japan’s public
US stocks ended the day lower Thursday as investors dissected the latest batch of economic data, more Fedspeak, and the start of earnings season from corporate tech giants.
The S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) both fell nearly 0.8%. The technology-heavy Nasdaq Composite (^IXIC) declined nearly 1.0%.
Bond prices ticked down. The yield on the benchmark 10-year US Treasury note rose to 3.397% from 3.368% earlier this morning. The dollar index has declined over 10% after trading at its 20-year high in late September, per Bespoke Investment Group’s data.
Stocks plummeted Wednesday after new government data
Dan Albas – Jan 19, 2023 / 11:00 am | Story: 407013
Photo: Contributed
Central Okanagan-Similkameen-Nicola MP Dan Albas
Recently Prime Minister Justin Trudeau’s former star finance minister, Bill Morneau, authored a book titled “Where To From Here, A Path to Canadian Prosperity”.
As is common when promoting a new book, Morneau has conducted several media interviews. What is less common is Morneau leveled some heavy and serious criticism against Trudeau and his office.
Morneau makes several allegations along a theme suggesting Trudeau often ignores or rejects “carefully considered calculations” for announcements that sound good or
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Thursday, January 19, 2023
Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with the Yahoo Finance App.
Despite Wednesday’s losses in the major US indexes, stocks are flying out of the gate in 2023.
The Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) are having their best start to a year since
The green transition could spur huge economic gains as the world looks to curb climate change, a new report finds.
A study from Oxford Economics and Arup estimated that green industries could add $10.3 trillion to the world’s economy — or 5.2% of global GDP — by 2050 under a net-zero scenario.
The report made the case that governments and businesses, under increasing pressure from costly climate-related weather events, may begin to see a rapid transition away from fossil fuels as a net positive as well as a way to avoid climate disruptions.
“Fear is a compelling reason to act
SANTA FE, NM (KRQE) — Raising for teachers and putting money in your pocket: Thursday, the Legislative Finance Committee (LFC) released its $9.4 billion budget recommendation.
They’re looking to spend a billion more than last year. At a meeting, the Legislative Finance Committee (LFC) detailed how they want to spend that money.
Lawmakers said, with a lot of extra cash this year, they’re focusing on funding programs that will pay off in the long run. However, they warned they have to save for the years until the money dries up.
At
the close of a successful 2019 RoSPA Health and Safety Awards, 20% of entries received were from international organizations… that’s more than ever before! From Mauritius to Hong Kong, our community awards continue to grow year after year.
Based at their head office in Shenzhen, China, we spoke to Huang Yuan Zheng, President of China General Nuclear Europe Energy (CGN EE), about their awards journey towards their first RoSPA Health and Safety Award…
What motivated you/your organization to enter the RoSPA Awards?
RoSPA is an international organization for the prevention of accidents, it is an honor for CGN EE
