Regulators are keeping an eye on growth of the loans, and say there are risks Reverse mortgages typically function like home equity lines of credit and allow Canadians to put up the equity in their… [+5606 chars]
(This story adjusts investor's title in third paragraph in May 12 story.) By Fergal Smith TORONTO (Reuters) - Canada's main stock index fell to its lowest level in a year on Thursday, moving deeper… [+1879 chars]
All types of gasoline have dropped in price with gasoline down by 3.1 cents per litre and diesel by 4.5 cents. Furnace oil costs 3.90 cents less, while stove oil on the island is also 3.90 cents les… [+85 chars]
The British Columbia Real Estate Association says the sharp increase in mortgage rates is pushing the province's home sales down "a path to normalizing," although it estimates a balanced market is at… [+1111 chars]
There are some signs that Canadas hottest housing markets have already begun to cool in response to rising interest rates.Evan Buhler/The Canadian Press The Bank of Canada needs to keep raising inte… [+4858 chars]
Indian rupee tumbled to a record, while stocks retreated amid growing worries that accelerating inflation may force the central bank to tighten rates more aggressively. The rupee dropped as much as … [+1316 chars]
(Kitco News) The gold market is in a "danger zone" as prices move closer to $1,800 an ounce, according to analysts. Another spike in the U.S. dollar trigged a drop in gold Thursday, with June Comex … [+2530 chars]
A reader asks: Lately, we hear the terms “soft landing” and “hard landing” regarding the Fed actions. Can you explain what these two phrases mean in market terms? A couple of months ago I looked ba… [+3545 chars]
In early February, a three-bedroom house in Clarington, Ontario — a city on the easternmost outskirts of the GTA that has, on a good day, an hour-long commute into downtown Toronto — sold for $1,035,… [+10586 chars]
An Alberta man is warning others after losing $8,500 to an old scam with a new twist. Edmontonian Robert Cronkhite told Global News he received a call on Wednesday from someone claiming to be with S… [+2970 chars]
Its almost a cliché that retail investors are always late to an investment boom but the outsize exposure of household savers to frothier elements of frenzied markets since lockdown means they are fee… [+4622 chars]
One of Canada's biggest retailers is using customer data mined through its loyalty program and credit cards to drive sales and counter the potential demand impact of rising prices. Canadian Tire Cor… [+3938 chars]
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