It’s widely believed that the biggest issue with U.S. consumers’ balance sheets is indebtedness, but the Federal Reserve’s latest financial accounts – and the volatile stock market – suggest that larger risks may be on the other side of the ledger. This seems counterintuitive. Household wealth has never been higher, rising some $163 billion in
If you were looking for portfolio security back in 2022, GICs were the screamingly obvious choice over bonds. Back then, guaranteed investment certificates offered yields of as much as 5 per cent for terms of one through five years at alternative banks. That same year, bonds produced an annual loss of 11.7 per cent, including
Some say it’s a hotel that looks like a number two, but it’s the No.1 in the eyes of the judges of a prestigious hospitality award. The W Edinburgh is widely derided as resembling a poop emoji – but it has just been named Scottish Hotel of the Year 2025 at the Hotels of the
Open this photo in gallery: IA Financial Group President and CEO Denis Ricard, who has spent his entire 40-year career with iA, has been laser-focused on expanding the company.Sammy Kogan/The Globe and Mail IA Financial IAG-T chief executive Denis Ricard is on the hunt for more acquisitions with $1.4-billion of capital at the ready, as
A weakened Canadian dollar helped propel Ontario Municipal Employees’ Retirement System to an 8.3-per-cent annual gain on its investments, as tariff threats and a buoyant American economy boosted the relative value of U.S. dollar assets. OMERS has 53 per cent of its $138-billion of assets in the U.S. and pays pensions in Canadian dollars. About
Home > News > US News Updated 13:41 18 Feb 2025 GMTPublished 13:29 18 Feb 2025 GMT The plane crashed at the Toronto airport and ended up upside-down New footage of the Delta Air Lines plane which crash landed at Toronto’s Pearson Airport shows the aircraft coming down to the ground before flipping over and
Open this photo in gallery: A cut-out of president-elect Donald Trump is displayed on the floor at the New York Stock Exchange in New York’s Financial District on Jan. 2.Seth Wenig/The Associated Press John Rapley is a contributing columnist for The Globe and Mail. He is an author and academic whose books include Why Empires
As the threat of a trade war grows, Canadian investors are seeking protection in gold and in shares of companies producing goods with few substitutes, such as uranium, while looking to take advantage of a weaker loonie and expected volatility. U.S. President Donald Trump has threatened to implement a 25% tariff on most Canadian imports
New facts have emerged on how Access Bank clandestinely granted N1 billion loan to a going concern, DDSS International Company limited, using a property belonging to another company, MOB Integrated Services, run by Gbolahan Obanikoro, as collateral without the owner’s consent or knowledge. Details of the loan provided by insiders, revealed that the property, owned
A gold rush is here. The precious metal hit an all time high this week. The spot price for gold closed Tuesday above $2,514, according to data from FactSet. That’s the highest closing price recorded for the commodity to date. Here’s what you need to know. What is the price of gold today? The spot