inflation

RBC top analyst sees comeback

Investors who are “apathetic” or negative toward banks will change their stance in the year’s second half, according to RBC Capital Markets’ top banking analyst. Gerard Cassidy predicts bullishness will make a comeback due to strong revenue growth and optimism surrounding credit. “You can really see people coming back to [bank] the stocks. They’re under-owned,” …

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Rising interest rates have brought back the 5 per cent GIC

We’ve hit a milestone in conservative investing – a 5 per cent return from guaranteed investment certificates. Oaken Financial, an online player in financial services, says it will offer 5 per cent for a five-year term starting Friday. The new rate for the one-year term seems a milestone as well: 4.05 per cent. Rising interest …

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Bank of Canada needs more restrictive interest rates to control runaway inflation

People shop at a Walmart Supercentre in Toronto on March 13, 2020. Canadian inflation accelerated to the highest rate in nearly four decades in May as calls broaden for policy-makers to find new ways of curbing runaway price growth.CARLOS OSORIO/Reuters With every new inflation report, the job facing the Bank of Canada gets that much …

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Here are 10 inflation-proof meals that cost under $10 in Toronto

Inflation is out of control. On Wednesday, Statistics Canada reported that Canada’s annual inflation rate jumped to 7.7 per cent in May, the fastest pace of rising consumer prices in nearly four decades. Food costs at restaurants grew 6.8 per cent in May, while grocery prices also increased to 9.7 per cent. It’s hard to …

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Bank of Canada says high inflation ‘keeping us up at night’

Bank of Canada Senior Deputy Governor Carolyn Rogers said on Wednesday that inflation in Canada was much too high and did not rule out a 75-basis-point increase at the central bank’s July decision. “We know inflation is keeping Canadians up at night. It’s keeping us up at night,” Rogers said at an event organized by …

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Higher rates but less inflation panic: What CIBC’s Benjamin Tal is predicting for stocks, home prices and the economy

Benjamin Tal, deputy chief economist at CIBC Capital Markets, in Toronto on June 7, 2019.Tijana Martin/The Globe and Mail Mounting fears of a recession have gripped equity markets, with the S&P/TSX Composite Index now firmly in correction territory. The S&P/TSX is down 13 per cent from its record closing high of 22,087, reached on March …

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Why housing costs are driving up inflation, despite the real-estate downturn

A house for sale in Ottawa on June 15.Spencer Colby/The Globe and Mail Canada’s housing market is plunging as higher interest rates scare off potential buyers. Even so, the effects of the slowdown are not showing up in the country’s red-hot inflation numbers. As the real-estate sector cools, the cost of owning or renting a …

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Inflation will not fall to 2% target for two years, Fed’s Mester says

Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health of the US economy in New York November 18, 2015. Lucas Jackson | Reuters Cleveland Federal Reserve Bank President Loretta Mester said it will take two years for inflation to fall to the central bank’s 2% target, adding that …

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Looking for bargains amid the selloff? Consider bonds

Bonds haven’t been getting as much attention from investors as stumbling technology stocks and bitcoin during this year’s bout of financial market volatility, but some observers are now pondering opportunities in this beaten-up asset class. A key reason: Bond yields have soared to levels where they are now challenging dividend-paying stocks, offering investors a level …

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