Oil prices in Canada have been in a free-fall, recently dropping under $80 per barrel. While this is great news for drivers – who doesn’t love saving at the pump? – there could be hard consequences for our country’s oil-rich economy.
Let’s call it a Whopper of a deal: the latest corporate buzz surrounds Burger King’s recent $11-billion acquisition of beloved Canadian brand Tim Horton’s. This new merger makes it the third largest fast food chain in the world behind Subway and McDonald’s. The combined company, owned by Brazilian private-equity firm 3G Capital Inc. with a 70 per cent majority, will be headquartered in Oakville, Ontario. The move is causing controversy on both sides of the border – but Canada has much to gain from the deal.
The Canadian government recently unveiled plans to implement a bail-in, which would force creditors to forgive some of the biggest corporate debts. It’s good news for taxpayers, who no longer need to foot the bill – but such a move has dinged our country’s overall credit rating.
This week, we’re all about the worst-case scenario. It’s not that we’re trying to be pessimistic; it’s about being a savvy homeowner and preparing financially for the unexpected. Homeownership is full of twists and turns, from emergency (and expensive!) renovations, to selling on a whim. Read on for our guide to protecting your biggest investment… and your bank account.
This week, Federal Finance Minister Joe Oliver stated fears of a possible Canadian credit cut, should Ontario continue to carry a deficit. Should Canadians be wary of a potential hit to their cost of borrowing – or is this just a pre-election political play?
Economists are prediction a better growth outlook for the global economy in 2014. Here’s our breakdown of what that means for consumers, along with the week’s best finance headlines.
The latest Manulife Investor Confidence Index finds Canadians are still wary about their investing options, and haven’t yet recovered from the 2008 economic crisis.
Disinflation is anticipated to be a pressing economic issue in 2014, as the cost of goods and services fail to grow fast enough to support the economy. Healthy inflation is needed for stable economic growth, but consumers must also be prepared for rising interest rates when growth eventually picks up the slack.
The Volcker Rule is part of new U.S. banking reforms aimed to end risky investment practices and prevent a new financial crisis. While it’s mainly an American policy change, Canadian lenders will also be affected as they do business with our American neighbours on a regular basis.
The Bank of Canada has released the latest update identifying the top risks facing the Canadian economy. Here’s what Canadian consumers need to know about such risk factors, and how they could be affected.