Economy

Homeowners brace for mortgage payment shock amid higher-for-longer rate outlook

Banks and other lenders have been stretching out amortizations to reduce monthly payments

By Ian Bickis, The Canadian Press |October 2, 2023

3 min read

Feds post $1.2 billion deficit between April and July: Finance Department

That compares to a surplus of $6.3 billion during the same period last year

By The Canadian Press |September 29, 2023

1 min read

Inflation drops to a two-year low in Europe

Annual rate pegged at 4.3% this month, a drop from 5.2% in August

September 29, 2023

3 min read

Higher gas prices lift inflation gauge but underlying price pressures remain mild

Latest report raises speculation that the Fed will leave interest rates unchanged at its next meeting

By Christopher Rugaber, The Associated Press |September 29, 2023

4 min read