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Opinion: Canadian Tire's rise in overdue accounts could be a big red flag

Opinion: Canadian Tire’s rise in overdue accounts could be a big red flag

Canadian Tire’s namesake retail business has accounted for just 40 percent of profits so far this year.Christopher Katsarov / The Globe and Mail When Canadian Tire Corp. Ltd. CTC-AT said its second-quarter profits fell as it sets aside more money for possible bad debt in the future, the iconic retailer said it’s good news: Its …

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How does the Bank of Canada rate hike affect variable rate mortgages?

How does the Bank of Canada rate hike affect variable rate mortgages?

An aerial view of housing is shown in Calgary on June 22, 2013.Jonathan Hayward/The Canadian Press The Bank of Canada raised its benchmark rate by a full percentage point on Wednesday, the most aggressive rate hike since 1998 and an even bigger jump than investors and Bay Street economists had expected. It is the fourth …

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GDP disappointed, but the Bank of Canada is unlikely to change the trajectory of rates

Canada’s economic growth slowed in the first quarter of 2022, but accelerating demand has shown why the Bank of Canada is unlikely to deviate from its rate of rapid interest rate increases. After adjusting for inflation, gross domestic product grew at an annualized rate of 3.1 percent, decelerating from 6.6 percent in the fourth quarter …

GDP disappointed, but the Bank of Canada is unlikely to change the trajectory of rates Read More »

GDP disappointed, but the Bank of Canada is unlikely to change the trajectory of rates

Canada’s economic growth slowed in the first quarter of 2022, but accelerating demand has shown why the Bank of Canada is unlikely to deviate from its rate of rapid interest rate increases. After adjusting for inflation, gross domestic product grew at an annualized rate of 3.1 percent, decelerating from 6.6 percent in the fourth quarter …

GDP disappointed, but the Bank of Canada is unlikely to change the trajectory of rates Read More »