Some News makes people Happy
Toronto- A new survey shows that Canadian employers are planning for the biggest pay raise in 20 years. This is because they are trying to deal with inflationary pressures, rising interest rates, the risk of a recession, and a tight labor market. According to a report from consulting firm Eckler Ltd., the national average base…
On Tuesday, U.S. stocks ended with a mixed performance. The S& P 500 set a new 2022 low, while the Dow Jones Industrial Average fell deeper into a bear market. This was the day after a very volatile trading period. The S& P 500 lost about 0.2% after falling below its intraday low on June…
Analysts say that Bank of Nova Scotia’s decision to hire a new CEO from outside its senior ranks is unusual, but most don’t think it will cause a big change in how the Canadian bank does business. Bank of Nova Scotia (BNS) (BNS.TO) said on Monday that Brian Porter will step down as president and…
Avoid incurring credit card debt. Start a fund for bad times. Start saving early for your golden years. And you should never, ever, ever forget how important compound interest is. Most experts in personal finance agree on these kinds of basic rules. But a new working paper shows how popular books on personal finance and…
NEW DELHI- Apple Inc. said on Monday that the iPhone 14 will be made in India. This is part of a trend of companies moving production out of China because of geopolitical tensions and pandemic restrictions that have messed up supply chains in many industries. “In the new iPhone 14 line, there are a lot of…
Volkswagen’s new battery company, Powerco, said on Monday that it would partner with Umicore to make materials for the batteries of about 2.2 million electric vehicles. The new joint venture is a big step forward because it creates one of the first fully integrated auto supply chains. This will help VW sell more electric vehicles…
On September 23, the Canadian dollar was worth as little as 73.69 U.S. cents. This is a significant drop from a high of 80 cents US earlier this year. I’ll tell you how the falling value of the loonie could affect your finances and give you some tips on how to make your money go…