Edmonton grapples with $52-million budget hole
Edmonton confronts a $52.3 million structural budget deficit, threatening its financial reserves and city services. Officials warn of potential service cuts and fee increases.
Category : Search result: Federal Reserve rate cut
Variable Mortgage Surge: Risks vs Savings
Canadian homeowners are flocking to variable-rate mortgages despite potential rate hikes. Expert analysis reveals whether the upfront savings justify the financial risk in today's uncertain economy.
Saskatoon approves property tax increases for 2026-27
Saskatoon City Council has finalized mill rate increases of 6.7% for 2026 and 5.81% for 2027 after four days of budget deliberations. Learn how these changes will affect residents.
Weak Jobs Data Signals Need for Bank of Canada Rate Cuts
New payroll data reveals Canada's job market is weaker than believed, with 58,000 positions lost in September. Economist David Rosenberg says this cries out for more Bank of Canada rate cuts.
Stephen Miller's 30% Inflation Claim Sparks Fury
Trump aide Stephen Miller faces criticism for claiming 30% inflation under Biden. Fact-checkers reveal the peak was 9.1%. Read the full fact-check and reaction.
Alberta's Credit Delinquency Rate Highest in Canada
Alberta's economy leads Canada with 2.3% GDP growth, yet residents face highest credit delinquency rates at 2.31%. Discover the surprising economic paradox.
TSX surges 440 points amid Federal Reserve rate cut optimism
Canadian markets rallied strongly with S&P/TSX composite gaining over 440 points as investor optimism about potential Federal Reserve rate cuts boosted sentiment. Discover the market drivers.
Windsor-Essex living wage rises 6.2%, highest in Ontario
Windsor-Essex experiences Ontario's largest living wage increase at 6.2%, reaching $20.67 hourly. Discover how this impacts local workers and families.
Ottawa's Beef Import System Keeps Prices High
An exclusive investigation reveals how Canada's outdated beef import permit system, controlled by a small group, is deliberately keeping prices high for consumers. Learn the facts.
Record 25% of US Unemployed Hold College Degrees
A historic 25% of unemployed Americans now hold bachelor's degrees, with youth and white-collar workers facing the toughest job market since 1992.
Gold Recovers After Fed Signals Potential December Rate Cut
Gold prices trimmed losses after Federal Reserve signals potential interest rate cut. Swap traders now price 68% chance of December reduction as bond yields fall.
Federal Finance Minister Visits Regina for Budget Talks
Finance Minister François-Philippe Champagne met with SUMA President Randy Goulden in Regina to discuss how the federal budget affects Saskatchewan's economy and local communities.
Regina forecasts 15.69% mill rate increase for 2026
Regina residents face significant property tax increases as city administration reveals 15.69% mill rate hike in preliminary 2026-27 budget documents. Learn what's driving the proposed increases.
Nvidia, Bitcoin Plunge Erases Wall Street Gains
U.S. stocks experienced a dramatic reversal, erasing a major morning surge as Nvidia and cryptocurrencies led a sharp sell-off. Discover the factors behind the market's volatility.
Variable-Rate Mortgage Savings May Be Ending
Markets now predict only 33% chance of another Bank of Canada rate cut in 2026 as bond yields spike. Learn how this affects mortgage rates and home affordability.
US Adds 119K Jobs, Unemployment Rises to 4.4%
US employers added 119,000 jobs in September as unemployment rose to 4.4%. Delayed report reveals economic strain from high interest rates and trade uncertainty.
Trump threatens to fire Treasury Secretary over interest rates
President Donald Trump joked about firing Treasury Secretary Scott Bessent if interest rates don't drop, while escalating his criticism of Fed Chair Jerome Powell at the U.S.-Saudi Investment Forum.
Trump's Reality Distortion Field Intensifies
Donald Trump's recent speech revealed deepening detachment from reality as he offered Fed jobs, claimed he could beat Washington-Lincoln ticket, while Epstein files loom. Read the unfolding political drama.
Mortgage delinquency rate falls first time in 3 years
Canada's mortgage delinquency rate declines for the first time since 2022, signaling potential relief for homeowners amid economic pressures. Learn what this means for the housing market.
Conservatives Weigh Election Over Carney's $78B Deficit
Conservative leader Pierre Poilievre faces critical decision on triggering election to block Mark Carney's budget with $78 billion deficit. Analysis of political risks and policy opportunities.
Winnipeg group concerned about Manitoba Hydro rate hikes
A Winnipeg advocacy group expresses alarm over proposed Manitoba Hydro rate increases. Learn how these changes could impact your energy bills and what options are available.
PSAC: Federal workers to learn layoff details shortly
Public Service Alliance of Canada reveals federal employees will receive potential layoff information shortly. Stay informed about government workforce changes.
London mayor pushes back against tax rate reduction
London Mayor faces opposition from Coun. Susan Stevenson seeking deeper tax cuts in 2026 budget. Get the latest on municipal financial debates.
Fed's Lisa Cook Denies Mortgage Fraud Allegations
Federal Reserve Governor Lisa Cook's lawyers dispute mortgage fraud claims in letter to Attorney General. Trump seeks first-ever removal of Fed governor in 112-year history.
U.S. Stocks Fall as AI Rally Falters
The U.S. stock market declined sharply as Nvidia and other AI-focused stocks retreated. The Dow dropped over 550 points. Read more on the market shift and what's next.
Canada's inflation rate slows to 2.2% in October
Canada's inflation rate fell to 2.2% in October, driven by a sharp drop in gas prices. However, core inflation measures remain elevated, a key concern for the Bank of Canada.
Inflation expected to fall in October due to gas prices
Economists project Canada's annual inflation rate declined in October, driven by a significant drop in gasoline prices. Get the latest analysis on the cost of living.
U.S. Futures Drop on Fading Rate-Cut Expectations
U.S. stock futures decline as investors reassess the likelihood of a December interest rate cut. Stay informed on the latest market movements and economic indicators.
Ottawa public service cuts: 2.5% workforce impact
A new report reveals federal public service cuts will affect 2.5% of Ottawa's workforce, but economists explain why the city will weather this storm better than 1990s austerity.
Foreign-born mothers prevented steeper Canadian birth decline
Statistics Canada reveals immigrant mothers prevented sharper birth rate decline since 2010. Learn how immigration shapes Canada's demographic future and population trends.
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