With interest rates soaring, these cherished personal finance rules are invalid

With interest rates soaring, these cherished personal finance rules are invalid

Low interest rates have ruled personal finance for more than a dozen years, and those who paid attention were bigtime winners. But that chapter in the financial history of Canada is over. As in, over. Toast. Finito. To counter inflation, interest rates are rising at an alarming pace. As a result, we need a rethink … Read more

Fed’s Bullard says US economy should continue to grow in coming quarters

Fed’s Bullard says US economy should continue to grow in coming quarters

The US economy should continue to grow in the coming several months, said St. Louis Fed President James Bullard on Monday, playing down fear of a severe recession that some economists and market pros view as inevitable in the face of the central bank’s war against too-hot inflation. β€œOn GDP growth, I think that the … Read more