Consumer spending remains resilient, as evidenced by the latest earnings reports from major credit card companies Visa (V), Mastercard (MA), and American...
). All three reported growth in spending volumes across their customer bases last quarter, signaling consumers are still opening their wallets despite high inflation and economic uncertainty.
"Honestly, from a bank standpoint, this is almost the best possible environment. This is a kind of Goldilocks scenario," Rossman tells Yahoo Finance, adding:"Balances are up, spending is up, debt is up, interest rates are up and yet people are actually paying this money back."Your TFSA can be taxed, but it likely won't be if you hold a small position in Royal Bank of Canada stock.
Warren Buffett's company owns a piece of Chevron, which just struck a deal to acquire Hess, a key player in Guyana's oil boom.Jamie Golombek: The interest rate on any tax debt you owe to the CRA will rise to a whopping 10% come Jan. 1TORONTO — The Canadian dollar has dipped against its U.S. counterpart following the Bank of Canada's decision to hold its key interest rate at five per cent. Here's what it means for Canadians.
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