Curated Video
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...
Curated Video
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.
Curated Video
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.
Curated Video
‘Seismic waves’: IMF cuts global growth forecast over Russia war
Invasion of Ukraine drove up prices sharply in Europe, Caucasus and Central Asia, Middle East and North Africa, and sub-Saharan Africa, but is hurting lower-income households around the world.
Curated Video
Canada's inflation rate spikes to 6.7% in biggest jump since 1991
The inflation rate in Canada jumped to 6.7 per cent in March, hitting a 31-year high. Economists warn borrowers should expect further interest rate hikes as the Bank of Canada tries to cool rising inflation.
Curated Video
Bank of Canada raises key interest rate in biggest hike since 2000
The Bank of Canada raised its benchmark interest rate to one per cent, up half a percentage point, to tame rising inflation. Despite the move, the bank expects inflation will remain high for some time — warning Canadians to expect even...
Curated Video
Canada’s housing market sees signs of cooling as interest rates rise
Experts say higher interest rates are causing a slowdown in Canada’s hot housing market, leading to fewer sales and a slight drop in the average selling price in March.
Curated Video
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...
Curated Video
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.
Curated Video
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...
Curated Video
Canadians told to prepare for rising interest rates
The Bank of Canada hasn’t hiked its core lending rate despite record inflation, but it urged Canadians to prepare for interest rates to rise over the next year.
Curated Video
Bank of Canada governor discusses timeline for getting back to normal post-pandemic
Tiff Macklem is asked when the bank will be ready to remove stimulus from the economy.
Curated Video
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.
Curated Video
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.
Curated Video
How will the interest rate hike affect Canada’s housing market?
Personal finance expert and Credit Canada CEO Bruce Sellery explains the latest interest rate hike could slow the growth of housing prices. Plus, advice for people who have variable-rate loans that’ll be impacted by the hike.
Curated Video
How the Bank of Canada rate hike could impact house prices
Personal finance expert and Credit Canada CEO Bruce Sellery answers questions about the latest Bank of Canada interest rate hike and what it could mean for house prices.
Curated Video
Canada’s housing supply hits record low as prices climb
The number of homes for sale in Canada has hit a record low, while the price of homes sold rose by more than 26 per cent in 2021.
Curated Video
Turkish lira plunges to a historic low and protests erupt after Erdogan defends rates cuts
The Turkish lira has dropped 40 per cent in value since the start of the year, shedding as much as 15 per cent on Tuesday alone.
Curated Video
What's Driving the Unseasonably Hot Housing Market
Jared Kessler, CEO of real estate firm EasyKnock, joined Cheddar to talk about the housing market staying hot at a time it usually cools down. He attributed part of it to low interest rates and buyers wanting to secure homes before they...
Curated Video
Fed Chair Powell Expected to Announces Bond Tapering and Interest Rate Hikes
The growing consensus across the U.S. is that the Federal Reserve and Chairman Jerome Powell are set to expedite the tapering timetable and hike interest rates as inflation accelerates. Michael Darda, chief economist and market...
Curated Video
Home Flipping Profitability Sinks as Competition Heats Up, Costs Rise
Home flipping is turning into a competitive space and a less profitable one according to the property database ATTOM. Todd Teta, chief product officer at ATTOM Data Solutions, joined Cheddar to break down key findings of the report, why...
Curated Video
How much new spending, revenue will be in budget 2022?
Parliamentary Budget Officer Yves Giroux provides an analysis of what could be in the federal government's budget.
Curated Video
EU and US central banks signal 'not just yet' to interest rate hikes
ECB President Christine Lagarde said an increase to policy rates next year is 'very unlikely'.
Curated Video
Canada's inflation rate jumps to 4.4%, highest since 2003
Canada's inflation rate rose to a new 18-year high of 4.4 per cent in September, with higher prices for transportation, shelter and food contributing the most to the jump in the cost of living.