As inflation and interest rates rise, our third annual stress, finances, and well-being survey found that many Canadian workers are under financial stress.
I was eight years old when I started thinking about money. My parents had just split up, and my stay-at-home mother suddenly had to figure out how to run a household as a single parent after being out of the workforce for ten years.
Uncertainty and market turbulence may tempt investors to give in to instinct while making investment decisions, but historical data suggests steering clear of certain emotional responses may be the smarter approach.
The Federal Reserve left interest rates on hold as widely expected. The main takeaway from the statement and press conference was uncertainty: Fed Chair Jerome Powell repeatedly emphasized the unclear economic outlook.
The September 1985 Plaza Accord and the subsequent February 1987 Louvre Accord are justly lauded today as significant successful examples of international economic policy cooperation.
Although President Trump has said he has no intention of firing Fed Chair Powell, the Trump administration may be testing the laws underpinning Fed independence.
The outlook for U.S. growth and inflation hinges on the ability of U.S. supply chains to pivot out of China fairly quickly, a process that won’t be seamless.