It’s been a battle of another sort as the U.S. Federal Reserve seems set finally – after crying wolf for more than a year – to raise its key interest rate by a quarter of a point. It would be the first increase in almost a decade. Interest rates have been at or near […]
toronto business
Ontario farm converts from pigs to shrimp in hopes of jumbo profits
In rural Ontario, 800 kilometres from the nearest ocean, you will find the unexpected — a successful inland shrimp farm. With pork prices low, Paul and Tracy Cocchio were struggling to make a profit with their hog farm in Campbellford, Ont., so they started looking for alternative uses for their empty barns. While searching the internet they […]
Canadian dollar slumps, and Stephen Poloz talks negative rates
Canada’s plunging currency was a hot topic this week, as the loonie set a new 11-year low seemingly every single day since Monday. The reasons why Canadian dollar loosing are complex, but they’re very closely tied to the slumping price of oil, which can’t seem to find a bottom. OPEC is pumping more, the IEA […]
How negative interest rates could have a positive economic impact
Normally when you put money in a savings account with a bank, you earn money on that deposit. If you were to deposit $100 at a 0.5 per cent interest rate, for example, you would have $100.50 at the end of the year. A negative interest rate would work the other way — if you […]
CMHC finds foreign ownership of Toronto Condos low but growing
Canada Mortgage and Housing Corporation has crunched the 2015 numbers on foreign ownership of condos in Canadian cities and again concluded that it is low but growing. In Vancouver, about 3.5 per cent of condominiums were owned by foreign buyers in 2015, up from 2.3 per cent a year earlier. The percentage jumped in […]
