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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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UK's financial woes: High interest rates impact property market
Nearly 300 mortgage deals have been pulled in the last 24 hours by banks and building societies
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UK stocks, sterling slip as BoE intervenes after IMF slams budget
The pound slumps and stocks pare losses after the Bank of England says it is buying up long-dated UK government bonds.
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Bank of England hikes interest rate by 0.5%
Millions of homeowners were hit by yet another bruising rise in mortgage bills on Thursday when the Bank of England increased its interest rate by half a percentage point.The latest hike lifts the Bank’s key benchmark rate from 1.75% to...
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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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Dow Posts Biggest Weekly Percentage Gain Since May
The Dow has posted its fourth straight winning week and the biggest weekly percentage gain since May. Adam Johnson, portfolio manager at Adviser Investments, joined Cheddar News to explain what drove gains on Wall Street this week.
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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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Poilievre under fire for saying he'd fire Bank of Canada governor
Conservative Leadership candidate Pierre Poilievre is facing scrutiny over his claims that he would fire the Bank of Canada governor should he become prime minister.
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Uber Drivers, Riders Return as Lyft Struggles, but Concerns Grow Over Ridesharing
Uber reported an 18 percent jump in trips in its latest earnings report, but there are concerns about the ride-hailing business despite the positive news. Howard Yu, the LEGO professor of management and innovation at IMD Business School,...
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Bank of Canada expected to announce oversized rate hike
"My expectation is that the Bank of Canada will move very quickly during the course of this year, to raise rates to 2 or 2.5 % to what might have been considered, before COVID, the neutral rate. And, move very quickly to do that," says...
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Russians feeling impact of Western sanctions, says reporter
Freelance reporter Stuart Smith in Moscow says the ruble tanked and a key interest rate spiked after Western sanctions kicked in.
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Russia sees sanctions hit with currency value drop
The United States has announced additional sanctions against Russia’s central bank.
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Inflation rate hits 30-year high
The rate of inflation has hit its highest point in nearly 30 years, with the cost of groceries seeing the biggest annual increase in a decade. Interest rates are expected to rise soon, but it won’t be a quick fix.
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Inflation rate his 30-year high
The rate of inflation has hit its highest point in nearly 30 years, with the cost of groceries seeing the biggest annual increase in a decade. Interest rates are expected to rise soon, but it won’t be a quick fix.
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Interest rate, jobs and chip shortage | Business Panel
Our weekend business panel discusses the latest economic data, as well as the impact of the ongoing chip shortage for automakers.
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Ottawa under pressure to cap high-interest payday money lenders
Pressure is mounting on the federal government to cap interest rates on payday money lenders, which can charge nearly 50 per cent interest. Advocates say it’s often the most financially vulnerable using them and the pandemic economy has...
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Will Joe Biden restore U.S. leadership on climate change? | Inside Story
President hosts virtual summit to set global emission targets
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Morneau explains the details of the LEEFF plan to help large corporations
Federal Finance Minister Bill Morneau spoke with reporters from Toronto on Wednesday.
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Morneau explains the details of the LEEF plan to help large corporations
Federal Finance Minister Bill Morneau spoke with reporters from Toronto on Wednesday.
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Trudeau announces further wage subsidies for small businesses hurt by COVID-19
Prime Minister Justin Trudeau announces additional measures to help small- and medium-sized businesses affected by the COVID-19 crisis, including wage subsidies.
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How COVID-19 is affecting the economy
As the world continues to deal with outbreaks of COVID-19, it's threatening the health of the global economy.
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Restoring stability is at forefront of G7 finance ministers' 3-day meeting in Alberta
Finance Minister François-Philippe Champagne says there's a sense of unity after emerging from a summit with his G7 counterparts. The group of finance ministers and central bankers gathered this week in Banff, Alta., ahead of the G7...
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How a one-off outlier is driving down Canada's inflation rate
A federal policy decision is impacting Canada's inflation rate. The CBC's Acton Clarkin breaks down what's going on.