Descrease article font size Increase article font size Shopify SHOP.TO beat analysts’ estimates for second-quarter results and forecast upbeat sales growth as its AI-enabled tools attracted more merchants to its e-commerce services, sending its U.S. shares up 17% before the bell on Wednesday. The Canadian company, which helps small and medium businesses build an online store as well as sell,…
Canadians gearing up for a run at the fall housing market and existing homeowners with a mortgage renewal looming might see interest rates heading down in the weeks ahead thanks to recent market volatility, experts tell Global News. Stock markets around the world largely recovered Tuesday from a global selloff triggered by weak jobs data…
Rents are up nationally, but there is some good news for renters — the rate of growth is the slowest it’s been in 31 months. Average asking rents for all residential property types in July were up by 5.9 per cent compared with this time last year, the National Rent Report from the website Rentals.ca…
The Bank of Canada is now less concerned about home prices spiking as it lowers its benchmark interest rate, minutes from the governing council’s latest meeting show. Deliberations from the July 24 meeting, where the central bank delivered its second consecutive quarter-point rate cut, were published on Wednesday. The Bank of Canada’s top monetary policymakers…
Economic chatter in the United States and beyond has started to coalesce around the “Sahm rule,” a historically prescient indicator of whether the economy is tipping towards a recession. “Folks in the U.S. are, quite frankly, freaking out right now over the economy. And it’s been quite the change just over the last week,” says…
