Author: heraldresearch

Missing inflation is no mystery — here are five ways investors can make it work for them

Missing inflation is no mystery — here are five ways investors can make it work for them

One of the reasons the market has been so strong in the past few years is because of low inflation. Most economics are baffled by this: they don’t understand how inflation could be so low when employment is so high. They expect wage pressure to push up prices overall — but this is not happening.We……

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Mortgage stress test relief could boost what’s expected to be tepid growth for Canada’s banks

Mortgage stress test relief could boost what’s expected to be tepid growth for Canada’s banks

TORONTO — Canadian banks are set to post muted quarterly profit growth, driven by higher credit provisions, when they begin reporting earnings on Friday, but a change to a mortgage stress test could brighten prospects for the year, investors and analysts said.Canada’s biggest lender, Royal Bank of Canada, will kick off banks’ first-quarter earnings reports,……

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Investors and short sellers are diving into this new cult stock that one analyst calls ‘Tesla Junior’

Investors and short sellers are diving into this new cult stock that one analyst calls ‘Tesla Junior’

SAN FRANCISCO — Wall Street’s newest cult stock appears to be Richard Branson’s Virgin Galactic Holdings Inc., as investors drive shares of the space tourism company to sky-high levels and short sellers dig in their heels.Virgin Galactic jumped 23 per cent during Wednesday’s session, adding to a rally that has seen the money-losing company surge……

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Ted Morton: Trudeau’s nightmare comes true as he’s forced to choose between climate activists and national unity

Ted Morton: Trudeau’s nightmare comes true as he’s forced to choose between climate activists and national unity

February began well for the energy industry and Western Canada.The Supreme Court summarily struck down British Columbia’s clumsy attempt to block completion of the Trans Mountain Expansion Project (TMX), declaring what everyone already knew: the B.C. legislation violated federal jurisdiction over interprovincial trade and commerce.The Federal Court of Appeal ruled Ottawa had fulfilled its “duty……

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Via Rail temporarily lays off 1,000 employees as blockades snarl passenger service

Via Rail temporarily lays off 1,000 employees as blockades snarl passenger service

Via Rail is temporarily laying off almost one third of its employees in light of the rail blockades. On Wednesday, it started sending temporary suspension notices to nearly 1,000 employees. The passenger rail operator employs 3,115 people nationwide.Via Rail, which operates on Canadian National Railway’s tracks, said Wednesday it began notifying employees of the temporary……

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Via Rail temporarily lays off 1,000 employees as blockades snarl passenger service

Via Rail temporarily lays off 1,000 employees as blockades snarl passenger service

Via Rail is temporarily laying off almost one third of its employees in light of the rail blockades. On Wednesday, it started sending temporary suspension notices to nearly 1,000 employees. The passenger rail operator employs 3,115 people nationwide. Via Rail, which operates on Canadian National Railway’s tracks, said Wednesday it began notifying employees of the……

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Watchdog finds shortcomings with how Canada’s biggest banks handle consumer complaints

Watchdog finds shortcomings with how Canada’s biggest banks handle consumer complaints

A federal regulator says there are a number of flaws in the policies and procedures that Canada’s biggest banks use to deal with customer complaints, and the watchdog says it will try to force lenders to shore up those gaps.The Financial Consumer Agency of Canada on Wednesday released two reports detailing the results of a……

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Why mortgage stress test changes should not be made in political backrooms

Why mortgage stress test changes should not be made in political backrooms

The main job of the Office of the Superintendent of Financial Institutions (OSFI) is to keep banks out of trouble, and the mortgage stress test ensured none of them were adding riskier creditors to their massive home-loan portfolios. But at the end of January, out of nowhere, the federal banking regulator appeared to go wobbly……

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Gold could hit $2,000 as investors seek protection from coronavirus: Citibank

Gold could hit $2,000 as investors seek protection from coronavirus: Citibank

By Kevin MartineAs gold prices reached a seven-year high of US$1,600 per ounce this week, some analysts are predicting the start of a new bull market for the precious metal.Analysts at Citibank Group Inc. believe prices could hit US$2,000 per ounce in the next year.Fears over interest rate cuts by central banks, as well as……

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Tim Hortons rolls back Roll Up the Rim prize pool as it makes sweeping changes to contest in digital shift

Tim Hortons rolls back Roll Up the Rim prize pool as it makes sweeping changes to contest in digital shift

Tim Hortons announced sweeping changes to its Roll Up the Rim to Win promotion on Wednesday, shifting toward a digital version of the iconic contest that offers more chances to play, but fewer prizes.The shift comes after last year’s contest failed to inject the sales boost that the coffee chain had come to expect from……

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