By Paul Vieira In the third quarter, the share of mortgages in arrears at Canadian nonbank lenders saw a gradual increase compared to the previous year, according to data released by Statistics Canada on Tuesday. While still relatively low, these numbers shed light on the challenges that households are facing in a high-rate environment. A recent Bank of Canada consumer survey … [Read more...] about Increase in Mortgages in Arrears Highlights Financial Strains for Canadian Households
Forex News
Tax Deal Proposal Could Create Over 200,000 New Homes
A tax deal that has been proposed by lawmakers in Washington, D.C. has the potential to generate more than 200,000 new homes for low-income families. This initiative aims to boost the low-income housing tax credit, which encourages developers to construct affordable-housing units. The proposal is a part of the comprehensive Tax Relief for American Families and Workers Act of … [Read more...] about Tax Deal Proposal Could Create Over 200,000 New Homes
Plexus Issues Warning and Announces Share Buyback Program
Plexus, a company based in Neenah, Wisconsin, has recently issued a warning regarding its fiscal first-quarter guidance. Additionally, the company's board has approved a new share buyback program worth $50 million. Instead of the previously projected range of $990 million to $1.03 billion, Plexus now expects its revenue for the quarter to be between $980 million and $985 … [Read more...] about Plexus Issues Warning and Announces Share Buyback Program
China’s Economy Grows at Quicker Rate, Hits Annual Growth Target for 2023
China's economy has shown strong growth in the fourth quarter of 2023, allowing the government to reach its target of approximately 5% annual growth for the year. Despite uneven trade data and an ongoing economic recovery, official figures released on Wednesday indicate that the Chinese economy expanded by 5.2% in 2023, surpassing the government's goal. This growth can be … [Read more...] about China’s Economy Grows at Quicker Rate, Hits Annual Growth Target for 2023
London’s FTSE 100 Leading European Bourses in Decline
London's FTSE 100 has taken the lead in the decline of European bourses on Wednesday due to a surprise increase in UK inflation. Interest rate-sensitive stocks, including housebuilders, real estate, and utilities, are feeling the impact of this uptick. The Office for National Statistics in Britain reported that consumer prices rose by 4% in the year to December, surpassing … [Read more...] about London’s FTSE 100 Leading European Bourses in Decline
