Today: 16. Nov, 2024
In a day marked by fluctuating market sentiment, Wall Street remained poised to clinch yet another week of gains, despite intermittent wavering in stock performance. The S&P 500 index maintained a marginal 0.1% increase, hovering near its recent record high set just…
After a short period of relief, mortgage rates are rising again, causing potential homebuyers to hesitate and rethink their plans. The Mortgage Bankers Association reported a 2.3% decrease in total mortgage application volume last week compared to the previous week. This downturn…
During an economic climate marked by high-interest rates and inflation, Canadian millennials face an unprecedented financial challenge regarding retirement planning. According to BMO’s annual retirement survey, millennials between 28 and 44 estimate they will need a staggering $2.1 million to retire comfortably,…
As we embrace the new year, it’s an opportune moment to evaluate and refine our financial strategies. The economic challenges of the past year, highlighted by rising consumer goods prices and a high-rate environment, underscore the necessity for most individuals to reassess…
Jerome Powell, the Chair of the Federal Reserve, recently addressed the speculation surrounding an imminent interest-rate cut in March, urging for patience and emphasizing the need for more data to substantiate any decisions regarding inflation trends. Powell’s efforts to disseminate this message…
In a surprising turn of events, the average rate on the popular 30-year fixed mortgage has soared past the 7% mark, reaching 7.04% on Monday for the first time since December, as reported by Mortgage News Daily. This significant increase follows a…
Federal Reserve Chair Jerome Powell’s recent announcement dismissing hopes for a March interest rate cut has reinforced Wall Street’s optimism regarding the stock market. Powell’s observations regarding the economy align with what many bullish investors have been highlighting for months, setting the…
Retirement, once a hallmark of reaching a certain age and financial stability, is increasingly becoming an elusive dream for many Canadians. Despite a recent ease in inflation, a significant number of Canadians, particularly those over 50, feel unprepared for retirement, according to…
As the Federal Reserve convenes for its two-day meeting, speculation is rife about the future direction of interest rates amidst an unexpectedly robust economic performance and a cooling inflation rate. The term “no landing” is gaining traction among economists, suggesting a scenario…
Wall Street is on the brink of securing its 12th winning week out of the last 13 as U.S. stocks continue to hold strong near record highs. In a morning trading session, the S&P 500 edged up by 0.1%, marking the fifth…
