On the brink of a global recession, hopes are bleak for a soft landing for the Canadian economy

A stock information screen displays in the Financial District of Toronto on January 7, 2021.Carlos Osorio/Reuters Canada faces mounting economic headwinds as major trading partners teeter on the brink of recession, putting concerns about trade and commodity prices on top of concerns about the domestic economy. Global growth is taking multiple blows. Central banks around … Read more

No, you will not be robbed by banks at GIC rates. Plus, what’s inside the “fixed distributions” portfolio that outperforms the benchmark

Amid the carnage of high interest rates, GIC returns are a good news story. But as much as the prices of guaranteed investment certificates go up in 2022, investors are not satisfied. One of the questions I hear a lot from readers at the moment is why the GIC rates are not rising along with … Read more

Opinion: Customer service has become the absolute contradiction

The task seemed simple enough: buy a small gadget to boost the intermittent cell phone signal in my house so that I don’t need to walk up and down the driveway to find a place to make calls. I was told such boosters weren’t cheap, but they were easy to find – most had them … Read more

We can use the drones to get inside and learn more about the activity, …

(MENAFN– Conversation) Volcanic eruptions cannot be predicted with 100 percent certainty. However, the details of an upcoming eruption can be estimated using the hot, foul-smelling gases produced by the volcano. These gases provide clues about the timing, duration, or severity of upcoming eruptions that can help local authorities determine if and when surrounding communities need … Read more

Warning signs: Eight charts to watch as Canada flirts with recession

On several fronts, things are getting worse for the Canadian economy. Growth fades. The job market is giving up jobs. And inflation is very high. In contrast, a growing number of local banks expect Canada to slip into recession by next year. Mood worsened on Wednesday as the US Federal Reserve predicted that higher interest … Read more

De Havilland to build an aircraft manufacturing facility in Alberta

A row of De Havilland Dash-8s sit outside the Downsview factory in Toronto on August 24, 2021.Christopher Katsarov/The Canadian Press Aircraft manufacturer De Havilland Aircraft of Canada Ltd. is set to open. A large-scale manufacturing facility and airfield in Alberta will employ an estimated 1,500 people. The company announced Wednesday that it plans to build … Read more

Inflation in Canada eased to 7% in August as gas prices fell but food prices continue to rise

Canada’s annual inflation rate fell for the second month in a row in August, a sign that the Bank of Canada’s campaign to curb price growth through much higher borrowing rates is having its desired effect. The Consumer Price Index (CPI) It was up 7 percent in August from the previous year, Statistics Canada Tuesday … Read more

The worst of the economic downturn is ahead of us and these sectors are at risk. In addition, TSX stock picks from top analysts

Seth Carpenter, Morgan Stanley’s chief global economist, warned that “the worst of the global economic slowdown is ahead” in a recent edition of the company’s Market Thoughts podcast titled Keep track of the next slowdown. Mr. Carpenter believes there is a “storm brewing” of recession risks around the world. Thanks to Russia, the risks of … Read more

Mark Machin, CEO of Canada Pension Plan, launched an investment company

Mark Machin, the former CEO of CPPIB, has re-emerged as co-founder of new investment firm Opto Investments.Mark Blench/The Globe and Mail Mark Machin, who left the CEO position on the Canada Retirement Plan Investment Board after his controversial decision to travel internationally for a COVID-19 vaccine, has emerged as CEO of a new investment firm. … Read more