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Tech Layoffs Weighing on Labor Market
Andrew Challenger, senior vice president of Challenger, Gray & Christmas Inc., joined Cheddar News to discuss looming layoffs in the tech industry and what the October jobs numbers tell us about the overall state of the labor market.
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'Yes we've got more to come. How much? We'll see': David Dodge
Former Bank of Canada governor David Dodge on interest rate hikes: "At the moment the risk of not doing enough is greater than the risk of doing too much."
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How Canada’s interest rate hikes could impact your budget
Economist Armine Yalnizyan breaks down how the Bank of Canada’s interest rate hikes could impact the economy, and what it all means for your wallet.
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Bank of Canada hikes interest rate to 3.75 per cent
Canada’s central bank raised its benchmark interest rate to 3.75 per cent as part of its ongoing effort to bring down inflation. Bank of Canada governor Tiff Macklem pointed to signs of an economic slowdown that may tame inflation, but...
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Energy crisis: Half of eurozone countries are heading for a recession, IMF's chief predicts
"The loss to the European people is quite, quite dramatic," Kristalina Georgieva told Euronews.
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‘A recession is both likely globally and most probable in Canada,’ says Mark Carney
Former Bank of Canada and Bank of England governor Mark Carney told a Senate of Canada committee that Canada likely will head into a recession next year but will fare better than many other countries and bounce back faster.
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Canada faces economic trouble in months ahead: International Monetary Fund
The chief economist of the International Monetary Fund is warning that Canada faces economic challenges in the months ahead as concerns loom about a potential recession.
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Bank of Canada expected to raise interest rate this week
The Bank of Canada is expected to raise its trend-setting interest rate on Wednesday, the sixth increase this year. The bank's key interest rate has increased from 0.25 per cent to 3.25 per cent since March.
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Competition Bureau to study rising grocery prices
Canada’s consumer watchdog says it will study competition in the grocery industry and whether having more retail competitors could push back on price increases. But some industry experts say the issue goes deeper than how many grocery...
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Economic downturn offers some silver linings, experts say
With another interest rate hike expected this week economists say a recession is on the horizon. The good news: This economic downturn is not expected to be as severe as past recessions, and could help lower inflation.
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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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National Savings Day: Top Tips to Save More Money
Americans have been hit by inflation and skyrocketing living costs, while fears of a looming recession continue to mount. Kia McCallister-Young, director of America Saves, joins Cheddar News to discuss how Americans can best stretch...
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Stocks End the Week on a High Note but Look for 'Some Downside Testing'
Scott Wren, the senior global market strategist at Wells Fargo Investment Institute, joined Cheddar News to discuss the positive week for stocks.
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Canada's economy will experience a 'slowdown', IMF chief economist warns
Rosemary Barton Live speaks with IMF Chief Economist Pierre-Olivier Gourinchas about Canada's economy and the global economic forecast. Gourinchas says inflation rates may come down but will still be high, and that global growth will...
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Liberal government's new affordability measures are inflationary: David Dodge
"It's probably too much," said former Bank of Canada governor David Dodge of the federal government's new affordability measures. "But the structure of providing essentially lump sum transfers to lower income people is probably the least...
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Queen Elizabeth’s costly funeral comes as many Brits struggle to get by
As the U.K. pauses to mourn and prepare for Queen Elizabeth’s funeral, the country is also grappling with a major economic crisis, and many people are struggling to get by.
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U.S. Stocks Close Off Session Highs as Inflation Fears Ease
U.S. stocks closed off their session highs on Wednesday, as investors' concerns around inflation and rate hikes from the Federal Reserve eased. The S&P 500 jumped 1.8%, the Dow Jones gained 1.4%, and the tech-heavy Nasdaq rose by 2.1% to...
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U.S. Stocks Close Near Session Highs to Snap Three-Week Losing Streak
U.S. stocks closed near their session highs on Friday for their third straight day of gains, snapping a three-week losing streak for the major indexes. For the week, the S&P 500 rose 3.6%, the Dow added 2.7%, the Nasdaq climbed 4.1%. Rob...
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U.S. Stocks Close Higher to Extend Gains Ahead of CPI Data
U.S. stocks closed higher on Monday as investors await CPI data from the Labor Department, set to be released on Tuesday. The Dow jumped 0.71%, the S&P 500 added 1.06%, and the Nasdaq gained 1.27%. Ross Mayfield, investment strategy...
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Stock Markets Rally More than 1,500 Points in Two Days
The stock rally market continued as the Dow Jones Industrial Average added 1,500 points in the past two sessions. Edward Moya, senior market analyst at OANDA, joined Cheddar News to discuss.
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U.S. Stocks Close Near Session Lows, Capping a Third Straight Weekly Drop
U.S. stocks closed near their session lows on Friday, with all three major indexes finishing the week in the red. David Waddell, CEO & Chief Investment Strategist at Waddell & Associates, joins Cheddar News' Closing Bell to discuss.
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Are we headed for a new global recession? Economists are warning the next downturn is looming
Escalating inflation, the war in Ukraine and low consumer confidence are spelling headwinds for the global economy.
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Stocks Close Lower to Start Trading Week
U.S. stocks closed lower on Tuesday after investors returned to trading action following Labor Day weekend. The Dow dropped 0.55%, the S&P 500 fell 0.41% and the tech-heavy Nasdaq closed down 0.74% for its seventh-straight day of losses,...
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U.S. Stocks Close Near Session Lows to Kick Off Week
U.S. stocks closed near session lows on Friday. Friday's sell-off continued as investors price-in expected rising rates and tighter U.S. monetary policy from the Federal Reserve. The Dow Industrial Average dropped 0.57%, the S&P 500 fell...