Amazon was one of the first high profile tech company to come out and announce plans for big layoffs to their workforce. As if not to want to come out first, and Amazon having cut the tension, other companies came out shortly after, including UPS with close to 50K job cuts. GM, Target and Paramount…
The Bank of Canada announced a quarter-percentage point decrease to the prime lending rate, now at 2.50%, confirming forecasts of a rate cut. This move is expected to lower borrowing costs, with the prime rate likely adjusting to 4.70%. Variable-rate borrowers may see reduced monthly payments, while fixed-rate mortgage changes will vary. Analysts anticipate further…
Do we ever get a break? Just as talk of a recession started to subside, now we’re faced with worries about mass layoffs happening all around us. And if that wasn’t enough, here comes Trump with his inconsistent messaging and constant tariff threats. Can anyone blame us for feeling overwhelmed by all this chaos? But…
Was my app glitching when the price shown on the screen was just over $12? It wasn’t unfortunately, as a McDonald’s 10 chicken nuggets meal does indeed cost that much, effectively what two burger meals would have cost a few years ago. Or how about my shock when a chicken sandwich combo for my son…
Amidst the constant talk from the media about an impending recession, it is crucial to maintain a reality check and foster hope. More fear can potentially accelerate the occurrence of a recession. It’s essential to strike a balance between hope and financial vigilance.
In the last 5 years or, house prices in Canada have gone up dramatically, especially in major cities like Toronto and Vancouver. This got me thinking: could it be that so many people are saving for a down-payment , and as a result, they don’t spend this money on other things that would otherwise revive…