Canadian Household Wealth Falls By Nearly $1 Trillion As Real Estate, Financial Markets Pummelled - [2022-09-20 61Ho7C]

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Loonie sinks to two-year low ahead of inflation data, Fed decision: Reuters


Loonie sinks to two-year low ahead of inflation data, Fed decisionfinancialpost.com

Kinross Gold stock jumps as company promises to boost share buybacks: Naimul Karim


Kinross said it will repurchase $300-million worth of shares by the end of this year. Find out more.

Inflation has likely slowed, but economists warn we're not out of the woods yet: Stephanie Hughes


Core prices are still bubbling up and will likely not peak until later this year

Canada home price correction not over yet: Pamela Heaven


Canada's home price correction has further to go as Canadians feel the heat of rising Bank of Canada interest rates and inflation. Read on

Quiet quitting is nonsense: All employees can't work above and beyond: Sarah O’Connor, Financial Times


If staff turn up every day and do exactly what is asked of them, but not more, they are still working, argues Sarah O'Connor. Read more.

'All but set in stone': More economists join chorus predicting a Canadian recession: Denise Paglinawan


Signs of a recession in Canada are starting to pop up everywhere, and economists are predicting a bumpy landing. Read more here

Structured notes can offer investors some protection when markets are volatile: Martin Pelletier


Martin Pelletier: Structured notes offer an excellent alternative to both stocks and bonds. Read more.

Falling housing prices may not be leading to widespread buyers' remorse the way you think: Special to Financial Post


A recent poll suggests a large number of homebuyers who bought at the peak are quite pleased with their purchase

Teck sells half of Mexican copper project to Agnico Eagle as it shifts focus to larger ventures: Naimul Karim


As per the agreement, Agnico will contribute US$580 million to the project. Find out more

Food inflation may have peaked, says head of Canadian grocery giant: Jake Edmiston


Sobeys CEO says worst of food inflation may be over as supplier demands for price increases appear to have subsided. Read more

Apple counts on upscale shoppers to turn latest iPhone into hit - Financial Post: Ian King, Bloomberg News


  1. Apple counts on upscale shoppers to turn latest iPhone into hit Financial Post
  2. How to Buy an iPhone 14, iPhone 14 Pro on Launch Day at Apple Stores • iPhone in Canada Blog iPhone in Canada
  3. Some iPhone 14 release-day preorders rep…

    Housing starts decline almost 3%, amid concerns about supply: Shantaé Campbell


    Despite the monthly drop, the six-month trend remains positive. Read on

    Seven Canadian companies make FT's list of 'debt monsters' that have bond markets fretting: Naimul Karim , Denise Paglinawan


    List includes Canadian miners Iamgold Corp., New Gold Inc. and Taseko mines as well as other Canadian firms. Read more.

    Oilpatch hopes Shell's new Canadian CEO can persuade Trudeau to bet on LNG: Meghan Potkins


    Canada could have one of world's the most carbon efficient LNG plants, according to incoming CEO

    The Bank of Canada is losing money for the first time ever on rising rates: Stephanie Hughes


    The central bank anticipates losses for the next three years, depending on how its inflation fight goes. Find out what that means.

    Air Canada says electric-hybrid planes could take flight in 2028: Sweden-based Heart


    Carrier is purchasing 30 aircraft from Sweden-based Heart Aerospace for use on regional routes. Read on

    This Ontario couple wants to quit the rat race and transition into retirement by working for themselves: Andrew Allentuck


    Expert says it’s feasible if they grow savings and cut costs. Read more.

    Do this, don't do that: Investors should read these 11 signs: Tom Bradley


    You can’t predict the market … ever, writes Tom Bradley. Read on for more.

    FP Answers: How do I recognize investment bias in myself and my adviser?: Julie Cazzin


    Humility and a willingness to engage in self-aware reflection can help combat the problem. Read on

    Sobeys boss says he's fed up with 'reckless and incendiary' criticisms about grocery profits amid inflation: Jake Edmiston


    Empire CEO fires back at critics who suggest Canada's big grocers are exploiting their market power to profit from inflation. Read on

    Video-game maker Behaviour Interactive's CEO sees reason for optimism amid spectre of recession: Bianca Bharti


    The founder of Canada's largest independent game maker is eyeing an expansion of its Toronto office. Find out more here.

    Sobeys parent Empire misses earnings expectations despite sales boost: Jake Edmiston


    Profit at Sobeys parent Empire Co. Ltd. dipped slightly in its first quarter, despite a boost in sales. Read more

    David Rosenberg: A Canadian recession is 'all but set in stone': David Rosenberg


    The Canadian economic backdrop is weakening rapidly on a fundamental level, write David Rosenberg and Julia Wendling. Read more.

    The Queen's quilt: How a royal souvenir hunter struck a deal with Her Majesty: Joe O'Connor


    Joy Suluk figures she has the largest collection of Queen Elizabeth souvenirs in Canada's Arctic. Then one day the Queen dropped by

    Oil and gas dominate a new list of the TSX's 30 best performing stocks: Meghan Potkins


    Energy companies and one oilfield service company leapfrogged conventional growth stocks on this year's list. Read more.

    U.S. inflation could push Bank of Canada to move policy rate higher than 4%: Stephanie Hughes


    U.S. price pressures could embolden Canada’s central bank to move more aggressively to fight inflation, economists say. Read more.

    Employees of Canada's Trevali Mining found guilty of involuntary manslaughter in Burkina Faso: Naimul Karim


    A Burkina Faso court has found two Trevali employees guilty of involuntary manslaughter after a flash flood killed eight miners. Read more.

    CN's CEO calls on U.S. railways to avoid national strike amid 'record' shipping demand: Jake Edmiston


    CN Rail CEO says U.S. railways must avoid a strike as the North American supply system is facing unprecedented harvest demand. Read on

    BRP posts best revenue in its history: What you need to know: Marisa Coulton


    BRP's earnings suggest Ski-Doo and Sea-Doo maker has momentum as it readies new electric motorcycle. Read more

    How to qualify for the federal government's inflation relief benefit programs: Jamie Golombek


    Tax expert Jamie Golombek provides a look at the measures Ottawa is implementing to help with rising costs. Read more.

    Posthaste: Canada no longer among best countries for retirement in one of worst years ever to retire: Victoria Wells


    Posthaste: Canada no longer among best countries for retirement in one of worst years ever to retirefinancialpost.com

    Office buildings are having an existential crisis — and it's not just work from home: Gabriel Friedman


    Office buildings have faced high vacancy rates for years, and the rise of work from home arrangements just amplified the crisis. Read on

    Vass Bednar: Why Canadians should recalibrate their resistance to private health care: Special to Financial Post


    focus on making sure health-related markets are free of unnecessary barriers that inflate costs, writes Vass Bednar. Read more.

    Justin Trudeau announces $4.5 billion inflation relief package: Ismail Shakil and Steve Scherer, Reuters


    Canada's inflation measures include a tax-free quarterly payment to offset sales tax, and a $500 onetime top-up to help pay rent. Read more

    Three miners die at Peru copper mine run by Toronto's Sierra Metals: Naimul Karim


    The deaths are in addition to another miner's death in January. Find out more.

    Rogers' $26-billion merger with Shaw could close this year, says CEO: Barbara Shecter


    Rogers Communications Inc CEO Tony Staffieri also said financial Impact of wireless outage this summer was "small but manageable." Read on

    Posthaste: Soft landing for Canada's economy is becoming 'a distant prospect,' economists say: Pamela Heaven


    With a hawkish Bank of Canada plowing ahead to get inflation under control, more economists believe a recession is coming. Read on

    Canadian household wealth falls by nearly $1 trillion as real estate, financial markets pummelled: Denise Paglinawan


    Debt growth also outpaced income gains, as households added a near-record $56.3 billion of debt in the second quarter. Read more.

    Wages key to pace of Bank of Canada's remaining rate hikes: Stephanie Hughes


    Bank of Canada senior deputy governor Carolyn Rogers says the central bank is wary of a wage-price spiral. Read on

    Start saving early for your kids' university days and get them to contribute: Special to Financial Post


    If you start too late, investing in RESPs is probably not the best choice

    A handful of portfolio strategies to help 60/40 investors sleep better at night: Martin Pelletier


    Martin Pelletier: Here are five ways to help navigate this unique market environment. Read on.

    Four videos that tell you all you need to know about the Bank of Canada's interest rate hike: Financial Post Staff


    The Bank of Canada's interest rate decision on Sept. 7 was front and centre on FP Video this week. Watch and learn

    Dollarama boosts outlook as inflation drives bargain-hunters to its stores: Denise Paglinawan


    The Canadian retail chain expects to continue benefiting from strong demand for 'affordable, everyday items' amid inflation. Read more.

    Indigo's new CEO Peter Ruis hopes to make retailer 'bigger and bolder': Bianca Bharti


    His promotion ushers in a new era for Canada's largest book store. Read more

    Grocers gear up to fight fed decision to include compostable bags in plastics ban: Jake Edmiston


    'We did the right thing. We can't be included.' Read more here

    David Rosenberg: The bullish case for LNG, a reliable energy source investors should tap into: David Rosenberg


    Liquefied natural gas (LNG) should see strong growth in the next decade and more, writes David Rosenberg and his team. Find out more

    Canada's economy loses 40,000 jobs; unemployment rate jumps to 5.4%: Bianca Bharti


    Third month in a row that employment has declined

    Posthaste: 70% of small firms expect rate hike to hurt business: Noella Ovid


    32% of businesses plan to raise prices by at least 6% in the next 12 months, says CFIB. Read more.

    Restaurant finds itself in hot water with CRA over servers' electronic tips: Jamie Golombek


    A restaurant that didn't include electronic tips in its CPP and EI liabilities got called out by the CRA, writes Jamie Golombek. Read more.

    Five strategies to help set up your investments for when the market rebounds: Peter Hodson


    Big profits are going to be made when — not if — the market shifts, writes Peter Hodson. Find out more about what he means.

    Feeling the budget pinch? Try these helpful tips before you reach out for professional help: Special to Financial Post


    The most important thing to do if your finances are keeping you up at night is to not delay, says expert Susan Fry. Find out more.

    Vancouver-based Equinox Gold suspends its biggest mine over fresh blockade: Naimul Karim


    This is the third time in two years that protests have halted activity at the Los Filos mine in Mexico. Read on

    What happens to our bills and coins now that the Queen has died?: The Canadian Press


    What happens to our bills and coins now that the Queen has died?financialpost.com

    Air Transat loss narrows as sales head toward pre-pandemic levels: What to know: Marisa Coulton


    Transat reported an operating loss of $93 million in the third quarter, a slight improvement from a year ago. Find out more

    Bank of Canada's Carolyn Rogers says inflation won't come down overnight: Stephanie Hughes


    Interest rate hikes will take time to work their way through the economy, the central bank's senior deputy governor says. Read more.

    Shopify names new CFO, COO in shakeup of executive ranks: Denise Paglinawan


    Morgan Stanley's Jeff Hoffmeister is taking over as chief financial officer. Find out more here.

    Canadian banks raise prime rates after Bank of Canada hike - Financial Post: Denise Paglinawan


    1. Canadian banks raise prime rates after Bank of Canada hike Financial Post
    2. Manitoba home sales drop in August amid rising cost of borrowing CTV News Winnipeg
    3. What the Bank of Canada rate hike means to homebuyers Financial Post <…

      How Canadians can split their income and lower their tax bills: Jason Heath


      There are ways to pay less tax during your working years and in retirement, writes certified financial planner Jason Heath. Read more.

      Quebec couple with moderate income can winter under the palms, if they can handle the financial risks: Andrew Allentuck


      The problem is to find a balance of the cost of living in two countries, expert says. Read more.

      Navigating the retirement journey from the go-go years to no-go years: Special to Financial Post


      Clearly articulating your gifting and estate-planning goals may improve your retirement journey. Read more.

      Joe Oliver: Liberals risk drowning in the Poilievre wave: Special To Financial Post


      The conventional wisdom that Poilievre cannot win a national election is wearing thin

      As high as 3.75%? What economists say about Bank of Canada's statement: Gigi Suhanic


      Bank of Canada hiked its key interest rate to 3.25% to fight inflation. Here is what the economists say about the decision and statement

      Bank of Canada raises interest rate to 3.25%: Read the official statement: Financial Post Staff


      The Bank of Canada raised its key interest rate 75 basis points to 3.25 per cent. Read its official statement here

      Canada's home sales and prices are falling. Has something changed in the housing market?: Gabriel Friedman


      Episode 165 of Down to Business podcast. Listen here.

      Bank of Canada hikes interest rate to 3.25%: Financial Post Staff


      Bank of Canada raised its key interest rate for the fifth time this year to 3.25%. Read on

      Lagging loonie unlikely to get a boost from rate hikes as greenback stays strong: Denise Paglinawan


      The Canadian dollar has been no match for the resilient U.S dollar, to which it has been losing ground for months. Read more.

      Melinda French Gates 'no longer beneficial owner of more than 10%' of CN common shares: Barbara Shecter


      Melinda French Gates has disposed of enough Canadian National Railway Co shares that she will no longer have to report her holdings. Read on

      Chileans reject Boric’s new constitution which could have put Canadian mining operations at risk: Marisa Coulton


      The constitution sought to implement environmental regulations that may have impacted Canadian mining operations in the region. Read more.

      Imperial Oil Ltd. signs low-carbon hydrogen deal for proposed plant: Gabriel Friedman


      The hydrogen will come from another proposed facility by Air Products and Chemicals Inc. set to begin construction this fall. Read more.

      EU energy crisis prompts flurry of cash aid: Archie Hunter, Bloomberg News


      The aid effort is a response to a rapidly worsening situation after Russia cut off gas supplies through the Nord Stream pipeline. Read more

      Three key things to watch in the Bank of Canada’s September rate decision: Stephanie Hughes


      How high will the Bank of Canada go? And more. Find out here.

      Bosses pushing staff back to the office may be fighting losing battle: Anjli Raval in London and Andrew Edgecliffe-Johnson in New York, Financial Times


      Staff are used to remote work, have different expectations about work-life balance and are now factoring in the costs of inflation. Read on.

      FP Answers: My portfolio is down 30%. Do I still have enough to retire this year?: Julie Cazzin


      You might have to employ the three Cs of financial planning: Create, Convert, Conserve. Read more here

      Bank of Canada 100 bps hike can't be ruled out, say some economists: Pamela Heaven


      Will the Bank of Canada hike 50 basis points, 75 and even 100 as some economists argue is possible? Find out more

      Canada lagging behind most of its peers in 'EV readiness': EY study: Naimul Karim


      Canada ranked 13 out of 14 countries, compared to eighth last year, in the latest EV Readiness Index. Read more.

      Ignore the politics and rumours when looking at oil's short- and long-term potential: Martin Pelletier


      Martin Pelletier: The world is struggling to meet energy demand due to inadequate supply, even in a weaker economic environment. Read more.

      Even Supporters Worry Plans Could Create Havoc...: Alex Wickham, Bloomberg News


      Even Supporters Worry Plans Could Create Havoc... (Third column, 8th story, link) Related stories:Truss on Brink of Power...

      Rates may need to rise above 4% as housing market bounces back: BMO: Peter J.


      Rates may need to rise above 4% as housing market bounces back: BMOfinancialpost.com

      Quiet quitters setting themselves up to fail, risk being laid off: Howard Levitt


      Quiet quitting simply makes it easier to determine whose head is going to roll, argue legal experts Howard Levitt and Peter Carey. Read more.

      'Not as frenetic': Calgary home sales fall for third month in a row as market keeps cooling: Shantaé Campbell


      Prices eased slightly to $531,800, down from $539,900 in July, but are still up more than 11% from last year. Read more.

      Toronto home sales slide 34% in August, with average prices mostly flat: Denise Paglinawan


      The average selling price increased slightly to $1,079,500. Find out more.

      REITs have reasons for optimism despite a darkening economic picture: Shantaé Campbell


      Parts of the REIT sector should remain resilient, even if rising prices and rapid monetary tightening throw Canada into a downturn. Read on.

      This Ontario couple wants to build a bigger home to retire with their parents: Andrew Allentuck


      The move could reduce costs in the long run. Read more.

      Jack Mintz: Squandering our resource wealth: Jack M. Mintz


      The 'political case' not the 'business case' against LNG is costing Canada billions in GDP. Read on

      How Canada can ease its labour crunch by giving immigrants more support: Naimul Karim


      Getting recent arrivals to Canada jobs in their respective fields could help tackle the ongoing labour crunch. Read on

      The Jackson Hole Jolt felt around the world and what it should mean for investors: Tom Bradley


      It's good news if you opt for some pain now for returns later. Read more here

      FP Answers: How can you avoid a big capital gains tax bill when you die?: Julie Cazzin


      Adding a child's name to your assets won't accomplish your goal of reducing capital gains tax. Read more.

      Telus sees global opportunity in employee wellness as it closes LifeWorks acquisition: Denise Paglinawan


      Telus finalized the deal for $2.3 billion on Thursday and plans to roll it into its growing Telus Health unit


      [news curation]@wakanda-forever



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