Tag: finance yahoo

The Bank of Canada raises interest rates as it tries to get ahead of the hot economy

OTTAWA — After watching to see whether its aggressive rate hike path were enough to quash inflation, the central bank has opted to raise interest rates again — fueling speculation that another rate hike is in the cards for July.

The central bank announced a quarter of a percentage point rate hike on Wednesday. The rate increase brings its key interest rate to 4.75 per cent, the highest it’s been since 2001.

The decision to raise interest rates came after speculation among economists and forecasters that ongoing strength in the Canadian economy would push the central bank to hike rates

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Do You Absolutely Hate Broccoli?

June 7, 2023 · 8:50 AM

If so, it may well be because of your genes according to an article at SBS.com. Particular genes determine whether you can detect a bitter chemical (called PTC) in broccoli and other brassicas like cauliflower and brussels sprouts.

“Free broccoli and carrots in frying”/ CC0 1.0

“On average, about 70% of us can taste something bitter in broccoli or PTC, but those with two copies of the bitter sensitivity gene are closer to 20%, and they are much more likely to hate it.”

US President George HW Bush said in March 1990, “I do

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Canada’s big banks log 13-fold rise in loan loss provisions

Canada’s big five banks this week collectively set aside the most money for loan losses since 2020, as concerns about an economic slowdown and higher defaults in commercial real estate mount.

The country’s top five lenders, which all reported earnings this week, logged a combined C$3.37bn (US$2.48bn) in credit loss provisions in the first three months of 2023, C$1bn more than the previous quarter and up almost 13-fold year on year.

“The higher provisions quarter-over-quarter [are] due to a more unfavorable macroeconomic outlook,” Phil Thomas, the Bank of Nova Scotia’s chief risk officer, said on the bank’s earnings call. “This

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Planning to live a long, healthy life? How to make your money last

Ted Rechtshaffen: Combining your financial and health picture along with general life expectancy data gets you a good part of the way there

Published May 29, 2023 • Last updated 23 hours ago • 5 minute read

Older people snorkel
Nobody knows how long they will live. But, there is general data available on how many years toward the end of your life will be spent suffering from ill health. That can help you plan how to make your last money and get the most out of it while you still feel good. Photo by GETTY IMAGES
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GOLDSTEIN: Finance Minister Chrystia Freeland’s politics of the absurd

Published May 17, 2023 • Last updated May 17, 2023 • 3 minute read

Deputy Prime Minister and Minister of Finance Chrystia Freeland speaks to the media after presenting the federal budget on Parliament Hill in Ottawa, March 28, 2023.
Deputy Prime Minister and Minister of Finance Chrystia Freeland speaks to the media after presenting the federal budget on Parliament Hill in Ottawa, March 28, 2023. Photo by Blair Gable /REUTERS

It was the $43.9-billion question Finance Minister Chrystia Freeland refused to answer.

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Management Options for Knee Osteoarthritis

May 25, 2023 · 2:22 AM

Photo credit: Steven Paul Parker II

Dr. Howard J. Luks is an orthopedist who published a reasonable and fairly comprehensive article on knee osteoarthritis management. Thankfully, knee replacement surgery is the last resort for this surgeon. He discusses exercise, tai chi, diet, yoga, knee injections, NSAIDs, ice, heat, etc.

Osteoarthritis of the knee is a prevalent health issue. Despite a diagnosis of arthritis of the knee, the majority of you can live an active, happy life. But you’ve heard awful phrases used to describe your Xrays– phrases like Bone on Bone, bone spurs, degeneration,

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This Toronto finance creator made almost $45K in one month and shared the untapped income streams people are ‘sleeping on’

Toronto finance creator Reni Odetoyinbo is spilling all her secrets on how she managed to make $44,000 in one month alone with social media at her fingertips.

Odetoyinbo spoke with Now Toronto and said that having different streams of income is the ultimate key to her success.

But what does that mean exactly? We asked her.

Now Toronto: You made thousands of dollars through multiple income streams, how did you do it?

Reni Odetoyinbo: I made $44,000 through brand partnerships, speaking engagements, affiliate income, social media marketing consulting services, Google AdSense, and digital product sales. I was able to do

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Insider Reveals Sour Deal in Vikings’ Trade of Za’Darius Smith

Za'Darius Smith

Getty

The Vikings are on the hook for some of Za’Darius Smith’s 2023 base salary after trading him to the Cleveland Browns, Mary Kay Cabot reported.

The Minnesota Vikings made due to a bad situation, sending a disgruntled Za’Darius Smith to the Cleveland Browns in a trade that essentially swaps two draft picks.

Minnesota gave Smith away to the Browns primarily to clear up their finances for future years after a financial disagreement with the Pro Bowl pass rusher prompted him to announce his demand for a trade in March.

The Vikings, who still need to create cap space to

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