Renewing your mortgage at a higher rate? Here’s what that could look like (2024)

Bloomberg

China Selloff Leads to Record $38 Trillion Gap With US Stocks

(Bloomberg) -- The value of China’s stock market has never been this far behind that of the US, as the losses continue to pile up in a seemingly relentless equity rout. Most Read from BloombergChina Weighs Stock Market Rescue Package Backed by $278 BillionIndia Tops Hong Kong as World’s Fourth-Largest Stock MarketHong Kong Stocks at 36% Discount Show True Depth of China GloomFlorida Governor DeSantis Drops Out of 2024 Race, Endorses TrumpMorgan Stanley, JPMorgan Say Buy the Dip After Treasury Ro

The Motley Fool

Forget Enbridge Stock: This Stock Is Poised for a Potential Bull Run in 2024

Enbridge (TSX:ENB) stock has seen major growth in the last few decades, but that's looking like it will slow down in the fairly new future. The post Forget Enbridge Stock: This Stock Is Poised for a Potential Bull Run in 2024 appeared first on The Motley Fool Canada.

The Motley Fool

How to Earn an Enormous Passive Income That the CRA Can’t Tax

TFSA investors can consider holding quality TSX dividend stocks to create tax-free passive income for life. The post How to Earn an Enormous Passive Income That the CRA Can’t Tax appeared first on The Motley Fool Canada.

The Motley Fool

The Dividend Dream: 6.84% Returns to Fuel Your Income Goals

A big bank stock with the highest yield in the industry is a dividend dream for income investors. The post The Dividend Dream: 6.84% Returns to Fuel Your Income Goals appeared first on The Motley Fool Canada.

The Telegraph

Electric cars will never dominate market, says Toyota

Electric cars will never account for more than a third of the market and consumers should not be forced to buy them, the boss of Toyota has said.

The Telegraph

Shares in this aircraft manufacturer could continue to soar

Few images can represent the perils of investing in an aircraft manufacturer as viscerally as the sight of a hole blown off a plane in mid-flight.

The Canadian Press

West Fraser Timber permanently closing Fraser Lake, B.C., sawmill

VANCOUVER — West Fraser Timber Co. Ltd. says it's permanently closing its sawmill in Fraser Lake, B.C., after an orderly wind-down. The Vancouver-based company says it's unable to access economically viable fibre in the region. West Fraser says the closure will affect about 175 employees, and it will mitigate the impact by providing work opportunities at its other operations. The closure will reduce the company's Canadian lumber capacity by around 160 million board feet. The news comes after an

GOBankingRates

Grant Cardone: Passive Income Is the Key To Building Wealth — Here’s My No. 1 Tip

There are numerous paths and ways to obtain wealth, but for most of us, the key isn't our 9-to-5 job, but the income we are able to generate passively. More: Robert Kiyosaki's 6 Passive Income Ideas...

Business Insider

"Irrational exuberance would make a comeback in this scenario. It's a lot of fun for stock investors while it lasts," Ed Yardeni said.

Moneywise

Warren Buffett used to think that 'predicting' the stock market was the most important thing in investing — until 1 book changed his life forever. Here's the real key to long-term gains

One simple philosophy: Pick companies, not stocks.

The Motley Fool

3 Bank Stocks That Could Go Parabolic

Bank stocks like EQB Inc (TSX:EQB) could go parabolic if the yield curve un-inverts. The post 3 Bank Stocks That Could Go Parabolic appeared first on The Motley Fool Canada.

GOBankingRates

6 Frugal Living Tips Retirees Should Avoid in 2024

Wise retirees seek out financial advice in their quest to spread their dollars as far as possible. Some of the suggestions they get are good. Others, not so much. Check Out: The Best Banks of...

The Motley Fool

1 Value Stock Down 42% to Buy Right Now

Agnico Eagle Mines is a beaten-down Canadian gold mining company that offers shareholders a tasty dividend yield. The post 1 Value Stock Down 42% to Buy Right Now appeared first on The Motley Fool Canada.

Bloomberg

Gloom Over China Assets Is Spreading Beyond Battered Stocks

(Bloomberg) -- Skepticism over Chinese assets is spreading beyond stocks, with investors expecting the yuan and government bonds to underperform in a year when the Federal Reserve’s dovish pivot is set to buoy emerging markets.Most Read from BloombergFlorida Governor DeSantis Drops Out of 2024 Race, Endorses TrumpHong Kong Stocks at 36% Discount Show True Depth of China GloomMorgan Stanley, JPMorgan Say Buy the Dip After Treasury RoutGloom Over China Assets Is Spreading Beyond Battered StocksHed

Bloomberg

Investment Bankers Are Starting to See Mexico as a Money Spinner

(Bloomberg) -- For years, Mexico was an afterthought among investment bankers, a perennial underperformer overshadowed by Brazil.Most Read from BloombergFlorida Governor DeSantis Drops Out of 2024 Race, Endorses TrumpHong Kong Stocks at 36% Discount Show True Depth of China GloomMorgan Stanley, JPMorgan Say Buy the Dip After Treasury RoutNever Trumpers Brace for New Hampshire ShutoutGloom Over China Assets Is Spreading Beyond Battered StocksNot anymore. Suddenly there’s growing conviction on Wal

Insider Monkey

20 Countries with the Lowest Income Tax Rates in the World

In this article, we will look at 20 countries with the lowest income tax rates in the world. If you want to skip our detailed analysis, head straight to 5 Countries with the Lowest Income Tax Rates in the World. The revenue model of the government is based on the tax system. The structure of […]

The Motley Fool

3 of the Best Canadian Stocks I Plan to Hold Forever

Quality Canadian stocks such as Shopify and Constellation Software are positioned to deliver market-beating returns in 2024 and beyond. The post 3 of the Best Canadian Stocks I Plan to Hold Forever appeared first on The Motley Fool Canada.

Global News

Income and wealth gaps are widening in Canada: StatCan

Both income and wealth gaps were larger than a year before in the third quarter of 2023, according to new Statistics Canada data. That’s due to rising interest rates’ impact on saving and investing. Kyle Benning has those details and more in Business Matters for Jan. 22, 2024.

Reuters

Exclusive-China moves to support yuan as stock markets tumble - sources

SHANGHAI/BEIJING (Reuters) -China's major state-owned banks moved to support the yuan on Monday, tightening liquidity in the offshore foreign exchange market while actively selling U.S. dollars onshore as equities slid, four sources with knowledge of the matter said. The goal was to prevent the yuan from falling too fast as China's A shares plunged, said one of the people, with the benchmark Shanghai Composite index posting its biggest one-day drop since April 2022 on Monday, down 2.7%. "It is a clear policy signal to stabilise the yuan and counter the negative market sentiment on equities," said Gary Ng, senior economist for Asia Pacific at Natixis.

Yahoo Finance Canada

Suncor, Cenovus, Imperial Oil set to report weaker fourth-quarter results

Lower oil prices in the fourth quarter brought about by ongoing recession fears and higher-than-expected non-OPEC supply are set to weigh on financial results.