Tag: finance yahoo

The Bank of Canada’s latest rate hike is bad news for renters and some landlords

The latest rate hike by the Bank of Canada is expected to have widespread ripple effects for renters and real estate investors, beyond its implications for homeowners with mortgages.

The increase of a quarter of a percentage point and another hike of the same size that could come in September will boost demand for rentals, force some landlords to sell and put a further damper on the construction of new rental and condo units, experts say.

The central bank raised its trend-setting interest rate to 5 per cent on Wednesday, which was widely expected by financial markets. But it also

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Alberta finance minister instructed to address rising auto, home insurance costs

Alberta’s finance minister must recommend ways the provincial government can make cars and home insurance more affordable, says his mandate letter from Premier Danielle Smith.

With a Dec. 31 expiry date looming on a temporary auto-insurance rate pause in Alberta, Finance Minister Nate Horner is tasked with developing short-term and long-term solutions to ever-climbing insurance costs.

Horner said he was resisting pressure to adopt a no-fault auto insurance system, adding that such a major change would need a mandate from Albertans.

“You’re basically giving up your ability to sue,” he said in a Thursday interview. “If you’re hurt in a

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‘The Bear’ Season 2: Six Pressing Financial Questions

The Bears is not a show about crime, per se—it’s just one in which there happens to be a lot of it. A partial list of malfeasance in 2022’s debut season includes aggravated assault, a stabbing, drugging an entire birthday party’s worth of children with Xanax, selling cocaine, Explicitly directing an employee to keep selling cocaine, driving with a suspended license, failing to pay spousal support, and something loosely described as “gangster shit” perpetrated by characters named Crooked John and Mr. Carl. Also, a variety of shenanigans involving a handgun.

Then there are the financial misdeeds. As in its first

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Comment: To unleash private sector climate finance for the Global South, we need a solid plan

July 5 – Agreement on the need to massively increase private sector finance to developing and middle-income countries to allow them to transition to clean energy was a clear outcome of the recent Summit for a new Global Financial Pact in Paris. Turning this theory into practice is complicated, yet it is totally doable if all actors in the worlds of policy and finance accept this new reality and stop pretending business-as-usual is an option.

Despite French President Emmanuel Macron’s enthusiasm and energy throughout the event and the attendance of some big names from the Global North, notably US Treasury

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Finance tables report considering RRIF minimum withdrawal rates

The report examines the age at which RRSPs must be converted to RRIFs, and whether the assumptions underlying the minimum withdrawal rates — an age expectancy of 100.3% annual real return on an investment portfolio and 2% inflation — are still appropriate.

The report doesn’t offer recommendations, but states that “seniors deserve a recognized retirement free from worry.” It also confirmed two of the three assumptions used to set the withdrawal rates.

Under current rules, Canadians generally must transfer their RRSP savings to a RRIF by the end of the year they turn 71, and then begin making withdrawals according

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Brain Food – JennifersKitchen

The brain is the most complex organ of the human body. It’s also a very hungry organ. The brain gobbles up about 20 percent of your daily calorie intake. And research shows that the food we eat directly affects the structure and function of our brain.

But can certain foods actually improve memory, help us concentrate, make us more intelligent, and help us think more clearly?

Research says positively yes.

We can make our brains work better simply by feeding them the right foods. Here, some smart foods to add to your meals this week.

The Brain Diet

Fruits

Fruit

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Amazon may be the largest US retailer in 2024, according to JP Morgan analysts

Amazon (AMZN) is set to hit a major milestone in 2024: Becoming the largest retailer in the US, according to JP Morgan analysts Doug Anmuth and Bryan M. Smilek.

If this comes to pass, Amazon will be unseating Walmart (WMT) as the country’s largest retailer. It would be a seismic shift, one driven by increased e-commerce penetration, faster delivery times, and the stickiness of Amazon Prime. JP Morgan estimates show that, in 2023, Amazon’s gross merchandise volume, or GMV, will grow 11.6% year-over-over to $477 billion.

This kind of growth shows the sort of resilience that Wall Street has been

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Supreme Court Student Loan Ruling May Raise US Recession Risk

The upcoming Supreme Court ruling on the constitutionality of President Biden’s student loan forgiveness may be an unprecedented in its near-immediate impact on consumer finance. If the conservative court strikes down the $400-billion giveaway, the US economy could face a close brush with recession.




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The stakes for the ruling in Biden v. Nebraska, which could come as early as Friday, is heightened by the fast-approaching end to the moratorium on federal student loan payments that’s been in place since April 2020.

Student Loan Payments To Cut Consumer Spending

Deutsche Bank estimates that a resumption of student loan payments will

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