Bank of Canada senior deputy governor Carolyn Rogers says the adjustment to higher interest rates will be painful for recent homebuyers with variable-rate mortgages.
Some recent homebuyers will find rate hikes painful as mortgages go up: BoCGlobal debt pile declines but interest bill set to surge, IIF saysPilot project at Canada-U.S. border crossing offers hope for stalled Nexus programStatistics Canada reports retail sales down 0.
5% in SeptemberLooking for tax-loss season bargains for 2023 and beyond: BermanQatar bans alcohol sales at World Cup stadiums in abrupt u-turnGasoline prices surged almost 10% in October: Statistics Canada'Sense of relief:' Ottawa rejection of Nunavut mine expansion draws praise, criticismThe Daily Chase: Rate hikes loom over investor sentiment; Cisco forecasts strong sales growthMajority of millennials aren’t saving enough for retirement:...
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Some recent homebuyers will find rate hikes painful as mortgages go up, BoC’s Carolyn Rogers saysNew research from the Bank of Canada finds variable-rate mortgages now account for about one-third of total outstanding mortgage debt, up from about one-fifth at the end of 2019
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Half of variable-rate mortgages have hit their trigger rate, estimates Bank of CanadaBank of Canada says the adjustment to higher interest rates will be painful for recent homebuyers with variable\u002Drate mortgages. Read more
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Country's biggest union to keep demanding wage hikes, squeezing Bank of CanadaUnifor president Lana Payne says workers need to be compensated for damage already done to their purchasing power. Find out more.
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The Best Black Friday Canada Deals for 2022 | Elle CanadaBlackFriday is almost here! We've rounded up the best fashion and beauty deals that you need to get your hands on. 🛍️
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Public Order Emergency Commission wraps up historic hearings this week in OttawaMONDAY, NOV. 21 House Sitting—The House is sitting on Monday, Nov. 21 and will sit for the next four straight weeks, Nov. 21-Dec. 16, every weekday. And that will be all for the House calendar for 2022. Public Order Emergency Commission Hearings—The Public Order Emergency Commission, headed by Paul Rouleau, began on Oct. 13, and will run until Nov. 25. The hearings will take place every weekday at 9:30 a.m. ET and may run until 6 p.m. or later if required. For more information: publicorderemergencycommission.ca/public-hearings/ And for general inquiries about the commission’s mandate, please contact infopoec-cedu.gc.ca. Evan Solomon, left, pictured speaking to Rodger Cuzner, Canada’s consul general in Boston and former Liberal MP—will have his CTV farewell shindig at the Métropolitain Brasserie on Nov. 23. The Hill Times photograph by Cynthia Münster MONDAY, NOV. 21—FRIDAY, DEC. 2 Pearson Centre Fall Conference—Former New Brunswick premier Brian Gallant, Prof. Kahente Horn-Miller, and Linda Silas, president of the Confederation of Nurses’ Unions, will co-host the Pearson Centre’s fall conference, headlined “The Urgent Challenges.” The conference, which will take place from Nov. 21-Dec. 2, will address economic and social policy issues and will involve leading experts, and business, labour and associations and elected decision-makers, the Pearson Centre says. Over the two-week conference, the experts will talk about the economy; the future of work and post-pandemic and long-term challenges; the challenges of making e-vehicles a reality; the challenges of health care; the challenges of addressing the polarization in society and politics; and the challenges of Canada’s innovation and space agenda. For more information: thepearsoncentre.ca or infothepearsoncentre.ca TUESDAY, NOV. 22 Financial System Update and Fireside Chat with Carolyn Rogers—Bank of Canada Senior Deputy Governor Carolyn Rogers will take part in a fireside chat on “Assessment of risks to the stabili
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Rogers, Shaw families stand to be 'big winners' of merger, Competition Bureau expert tells tribunalRogers\u0027 lawyer notes CRTC approved deal after considering impact on different stakeholders
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