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The BoC has consistently cited youth unemployment as one of the structural pressures it is monitoring alongside the broader inflationary environment. Job gains in June 2026 were concentrated in wholesale and retail trade, which added 16,400 positions, and accommodation and food services, which gained 14,700, its third consecutive monthly increase. Manufacturing was the most significant…
Second charge lender Step One Finance has launched an origination platform to support faster, simpler applications for intermediaries. The lender has invested in the platform in response to intermediary feedback, aiming to reduce administration, improve transparency and deliver a smoother journey from quote through to completion. The platform includes Credit Reference Agency data, electronic identification,…
Low water levels in Lake Mead in August. Rating agencies note the Colorado River system’s struggles as a credit concern for Las Vegas Valley Water District, but district’s ratings are high.Bloomberg News The Las Vegas Valley Water District has a brand-new AAA rating from KBRA ahead of its plans to price $604 million in a…
Reverse mortgage rates have fallen across Canada, but the latest cuts were not triggered by the Bank of Canada and were less directly tied to bond-market movements than conventional mortgage rates. In late June, Equitable Bank lowered the 5-year fixed rate on its Flex Lite reverse mortgage from 6.44% to 6.23%. Days later, Bloom Financial…
Former Oversight Board Member Justin Peterson said recent U.S. Supreme Court rulings give President Trump the right to dismiss and appoint Puerto Rico Oversight Board members. Two recent U.S. Supreme Court decisions could transform the Oversight Board and thus the outcome of the Puerto Rico Electric Power Authority bankruptcy. Processing Content The decisions on Monday…
If you care where nuclear money is flowing today, it helps to separate companies that already sell lots of electricity, hardware, and fuel from those that are still living on hope and capital raises. The gap between the two groups is wide, and it matters for anyone with a clear head trying to invest in…