A cut in January, then a pause: What jobs data mean for Bank of Canada and interest rates
The Canadian economy generated 91,000 jobs in December, beating economist estimates and pushing down the unemployment rate to 6.7 per cent from 6.8 per cent the month before. Economists had expected only 25,
US dollar bounces back as strong jobs data backs Fed rate-cut pause
The U.S. dollar rallied across the board on Friday after data showed the world's largest economy created more jobs than expected last month, reinforcing expectations that the Federal Reserve will pause its rate-cutting cycle at its policy meeting later this month.
Stocks Open Lower as Bond Yields Rise After Strong December Jobs Data
Stocks opened lower on Friday after strong U.S. jobs data sent bond yields spiking. The Nasdaq Composite was down 1.9%. The Labor Department said the U.S. economy added 256,000 jobs in December, which was well ahead of economists' expectations at 153,
US Stocks Fall As Strong Jobs Report Pushes Up Bond Yields
US stocks opened lower Friday, as US job gains did far better than expected, pushing up bond yields on fears that interest rates would remain higher for longer.
Dollar clings on to gains ahead of US jobs data; sterling slips
The dollar looked set to log a sixth straight week of outperformance against other currencies on Friday, underpinned by elevated bond yields and expectations of another strong set of U.S. job numbers,
Strong US jobs report sends stocks sliding, dollar rising
Wall Street stocks slid and the dollar climbed Friday as a blockbuster US jobs report dimmed hopes of further interest-rate cuts.
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Canada has new rules for high-interest loans—here they are
Canada just dropped the criminal interest rate to 35% APR and caps payday loan fees at $14 per $100. Here’s how to secure ...
Canadian Stocks Tumble As Upbeat Jobs Data Raises Interest Rate Concerns
Canadian stocks are down sharply on Friday with stronger-than-expected U.S. jobs data raising concerns that the Federal Reserve will ...
Canada could see a wave of mortgage renewals in 2025. Here is how some homeowners plan to navigate the payment shock.
At least 1.2 million Canadians are facing a mortgage renewal in 2025, and 85 per cent of those existing home loans were ...
Canada’s job market ends 2024 with a bang, calling BoC cut into question
The economy added four times more jobs than expected in December, the largest monthly increase in nearly two years ...
New year brings Canadian crackdown on high-interest loans
Canadian tax brackets were also pushed up to account for inflation. In 2024, Canadians had to earn less than $14,538 to be ...
MoneySense2d
The best GIC rates in Canada for 2025
You’ll receive a guaranteed rate of interest when the GIC matures—no need to worry about market volatility. GICs are eligible for Canada Deposit Insurance Corporation (CDIC) coverage ...
Here's what economists expect the Bank of Canada to do in 2025
Since the December rate cut, new data on GDP have given economists additional information to refine their forecasts.
Fed's Harker still expects rate cuts but says imminent move not needed
Philadelphia Federal Reserve President Patrick Harker said on Thursday he still expects the U.S. central bank to cut interest ...
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Best Low-Interest Credit Cards In Canada For January 2025
we’ve rounded up the best options for low-interest credit cards in Canada. 0% promotional annual interest rate (“AIR”)† for 12 months on balance transfers completed within 90 days of ...
CDZ:CA: The S&P Is Pricey, These Dividends Aren't
CDZ:CA offers sector diversification, defensive attributes, and trades at a favorable valuation. Read why I think the fund is ...