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Dow Jumps After Inflation Data Hints at Slowing
Stocks closed sharply higher after a report on inflation showed easing. Chance Finucane, chief investment officer at Oxbow Advisors, joined Cheddar News to break down Thursday's trading session and what lies ahead.
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Interest rate hike less than expected but still 'significant,' says economist
Derek Burleton, chief economist for TD Bank, reacts to the Bank of Canada's 50-basis-point interest rate increase and how high he anticipates it may go.
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European Central Bank announces new super hike of interest rates to tame inflation
The eurozone's central bank intends to make spending more expensive in order to bring down prices.
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Preparing for a Possible Recession
Economists fear that the upcoming recession could be worse than 2008. While young people are feeling “recession fatigue,” they're advised to start saving while baby boomers and Gen-X should knock down debt. Greg McBride, Chief Financial...
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Tips for Buying a Home
Kathryn Tuggle, chief content officer at HerMoney, joined Cheddar News to provide homebuying tips as you head out to open houses this weekend and gave a glimpse into the housing market for the near future. "Be encouraged that some home...
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Former Liberal finance minister: “Recessions lead to changes in government”
Former finance minister John Manley weighs in on the potential of a global recession and how it will affect world leaders. “It’s very hard for a government to gain strength during a recession,” he said.
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Mortgage holders nervous about higher rates
On the streets of Toronto on Wednesday, many home owners told CBC News about their anxieties about the Bank of Canada's rapid series of rate hikes this year.
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What the Signs Are for a Housing Recession
With home sales beginning to drop, some experts believe that we may be headed towards a housing recession. Nick Bailey, the president and CEO of RE/MAX LLC, joined Cheddar News to discuss the current housing climate and whether or not...
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Stocks Close Near Session Lows on Last Day of August
Stocks closed near session lows on Wednesday as investors continued to weigh potential moves by the Federal Reserve to cut inflation. For the month of August, the Dow finished down nearly 4.1 percent, while the S&P dropped 4.2 percent,...
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Home sales fall for 5th consecutive month across Canadian markets
New data from the Canadian Real Estate Association shows homes sales slowed for the fifth consecutive month. While prices are also dipping, potential homebuyers are still struggling to enter the market as interest rates rise.
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Report: Home Prices Cool at Record Pace in June Amid High Inflation & Mortgage Rates
Housing demand dropped significantly in June amid rising mortgage rates and inflation, which led to home prices cooling at a record pace. That's according to mortgage software, data and analytics firm, Black Knight. A new report from the...
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Housing Data Shows Mortgage Demand Falls but Prices Stay High
Despite the Federal Reserve’s recent rate hikes and a softening market, housing prices continue to rise. Mark Fleming, the chief economist at real estate insurance firm First American, joined Cheddar News to discuss the state of the...
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Mortgage Rates Rise, but Housing Prices Are Too
Mortgage rates are going up — 5.5% for a 30-year fixed loan, nearly double what it was last year — but housing prices aren’t coming down. In fact, they’re rising too. Why? Matthew Garland, also known as MG the Mortgage Guy, joined...
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Mortgage Rates Rise, but Housing Prices Do Too
Mortgage rates are going up — 5.5% for a 30-year fixed loan, nearly double what it was last year — but housing prices aren’t coming down. In fact, they’re rising too. Why? Matthew Garland, also known as MG the Mortgage Guy, joined...
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NerdWallet CEO on Impact Fed's Interest Rate Hike Could Have on Credit Card, Mortgage Rates
The Federal Reserve issued its biggest rate hike in more than 20 years Wednesday, raising rates by half a percentage point in an effort to flight inflation. The change is leaving many wondering about the impact it could have on rates for...
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How high will interest rates go?
The governor of the Bank of Canada says the bank will respond "as forcefully as needed" to curb inflation, and estimates that will require interest rates to rise to between two and three per cent.
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Get ready for mortgage rate hikes, says economist
Mortgage holders should expect higher payments or longer amortization as interest rates climb, says economist Robert Kavcic.
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First-Time Homebuyers Face Rising Mortgage Rates
Buying a new home is tough right now; but for first-time buyers, it's an especially challenging time, with obstacles like rising mortgage rates and record-breaking home prices. The housing market is not expected to get much friendlier,...
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How Small Business Owners Might Navigate Fed Interest Rate Hikes
With the Federal Reserve looking to accelerate interest rate increases throughout the year, Andrew Gonzales, president, and co-founder of BusinessLoans.com, joined Cheddar News to talk about ways small businesses, already afflicted by...
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Bank of Canada hikes interest rate in attempt to curb inflation
The Bank of Canada is raising interest rates for the first time since 2018 to try to curb inflation, but the rate hike could add to the financial strain of people already struggling.
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Oil Could Hit $140 a Barrel Amid Russia-Ukraine Crisis
Prices at the pump have escalated severely during the Russian invasion of Ukraine. Paul Christopher, head of global market strategy, Wells Fargo Investment Institute, joined Cheddar News to explain how he sees the gas prices continuing...
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Bank of Canada surprises by holding key lending rate at 0.25%
The Bank of Canada has decided not to raise its benchmark interest rate just yet. Many economists had predicted an increase today due to inflation, which is now running at a 30-year high of 4.8 per cent.
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Bank of Canada hikes benchmark interest rate to 1%
The Bank of Canada has hiked its benchmark interest rate by half a percentage point, to one per cent, in its latest move to rein in high inflation. It's the biggest one-time increase in the rate since 2000.
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Premier Furey says call between prime minister and premiers was 'very helpful'
Newfoundland and Labrador Premier Andrew Furey joins Power & Politics to discuss the call between Prime Minister Justin Trudeau and the premiers.