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By Erik Hertzberg (Bloomberg) — Employment in Canada rose 18,200 in June and the unemployment rate fell to 6.5% as the country’s labour market shows some signs of tightening. The employment gain was driven by the service sectors and in part-time work, Statistics Canada reported on Friday. It follows an 87,800 increase in jobs in…
Warsh also announced five task forces to review the Fed’s operations, including one focused on communications, though the minutes noted that only “some participants commented that they welcomed the opportunity to review the Committee’s communications tools and practices.” The updated dot plot of individual rate projections tilted narrowly toward one hike this year. Nine of…
If you’re in your 40s, or even 50s, and think it’s too late to build a comfortable retirement, think again. We’ve done the math, we’ve crunched the numbers, and we’ve run the playbook ourselves—using rental properties, you can replace a significant portion of your income in just around a decade. Today, we’re sharing the exact…
In This Article Editor’s Note: Thanks for reading! As a special offer for our readers, save $100 on your ticket to BPCON2026—BiggerPockets’ annual real estate investing conference—using code MYRE100 at checkout. As if interest rates and house prices were not enough of a reason to think twice about investing in real estate, soaring insurance costs are slicing through cash…
Business cycles have traditionally been associated with familiar economic indicators such as inflation, interest rates, employment and consumer demand. While these metrics remain essential, they may no longer provide a complete picture of the forces shaping long-term corporate performance. A quieter structural transition is taking place beneath the surface of the global economy. Organizations are…
For Emirates Islamic, 2025 saw years of investment in scale, innovation and customer experience crystallise into one of the strongest all-round performances in regional Islamic banking. The bank delivered record profitability during the year, with net profit rising 19% to AED3.3 billion, supported by strong growth across funded and non-funded income streams. Customer financing increased…
The widening gap between income and spending The lowest 20% of earners saw spending rise 27% between 2021 and 2025, against disposable income growth of just 3%. The middle 60% of households — the traditional engine of the Canadian consumer economy — found that income covered just 57 cents of every new dollar they spent….
Monetary Policy Summary, June 2026 At its meeting ending on 17 June 2026, the Monetary Policy Committee (MPC) voted by a majority of 7–2 to maintain Bank Rate at 3.75%. Two members voted to increase Bank Rate by 0.25 percentage points, to 4%. Global energy prices have fallen since the previous meeting in response to…
Transcript Sky News – Governor, you’ve held interest rates where they are when we’ve had some more positive news round inflation, oil prices are coming down. It feels like a rosier picture, but you’re still pretty cautious?Governor Andrew Bailey – Well, we have had encouraging news. I mean, I’m very encouraged. You know, we’ve obviously…
The company entered the program in June 2009 to cover the purchase and sale of goods with its parent. The bilateral arrangement was tentatively completed in December 2015, and the full process wrapped up in October 2017. The CRA reassessed LG in November 2018 based on that arrangement. LG asked for interest and penalty relief…