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Source: Financialpost November 22, 2022

Half of variable-rate mortgages have hit their trigger rate, estimates Bank of Canada

That’s about 13 per cent of all Canadian mortgages OTTAWA — 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....

Economy Source: Financialpost November 22, 2022

Canada's economy quickens in October, upending forecasts for tepid growth

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Data suggest busi...

Source: Financialpost November 21, 2022

Elon Musk keeps the layoff axe swinging, cuts more Twitter workers

Fires sales staff just days after employee exodus following 'hardcore' ultimatum Elon Musk laid off more Twitter Inc. workers from the sales side of the social network’s business beginning late on Sunday, further trimming a staff that had alrea...

Source: Financialpost November 21, 2022

Home Capital — the mortgage lender bailed out by Buffett — is being bought by Smith Financial

It survived a regulatory probe, short-seller campaign and partial bank run Home Capital Group Inc., the Toronto-based alternative mortgage lender that survived a regulatory probe and short-seller campaign before being bailed out by Warren Buffe...

Source: Financialpost November 21, 2022

David Rosenberg: S&P 500 could drop as low as 2,500 before this bear market is finished

Use this period of strength in the stock market to take profits and raise cash By David Rosenberg and Brendan Livingstone We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see o...

Source: Financialpost November 21, 2022

Posthaste: More signs of the beginning of the end of Canada's housing correction

The worst of falling sales and prices may be behind us, but before you get too excited … Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through lin...

Source: Financialpost November 21, 2022

Diane Francis: Elon Musk must be held accountable for Twitter

Governments must put Musk on notice that Twitter will be regulated if more persecution, hate, bullying, fraud, propaganda, trolling, or libel is permitted Elon Musk is the richest man in the world and he just paid US$44 billion to buy Twitter I...

Work Source: Financialpost November 21, 2022

'Nobody wants that job': Some businesses are turning to robots to solve labour shortage woes

Hiring problems have forced some to embrace automation, but business investment faces headwinds in a slowing economy Five years ago, if someone asked Ottawa restaurateur Amir Rahim if he’d consider swapping out his $10,000 Cimbali espresso mach...

Work Source: Financialpost November 21, 2022

Country's biggest union to keep demanding wage hikes, squeezing Bank of Canada

Lana Payne says workers need to be compensated for damage already done to their purchasing power Canada’s largest private-sector union doesn’t plan to ease up on wage demands despite signs inflation is easing off peak levels, complicating the B...

Source: BNN Bloomberg November 19, 2022

Ontario Teachers writes off FTX stake, citing potential fraud

Ontario Teachers’ Pension Plan said it will write down its stake in FTX to zero, taking a US$95 million loss barely a year after making its first investment in Sam Bankman-Fried’s now-bankrupt cryptocurrency exchange.  Sign up to get breaking news email...