As a senior manager at a pharmaceutical firm, Angela Bolt’s student loans began at $34,000, but have grown to an overwhelming $528,152 over the years. In a BBC interview, she expressed her disbelief, saying, “The numbers are so real and astronomical that I can’t even fathom making a payment.” As of early 2023, Bolt’s monthly … Read more
Shipping traffic through the Red Sea has plummeted as Houthi militants step up their attacks on vessels in the region. American-led airstrikes have done little to deter the disruption and now the CEO of one of the biggest shipping companies in the world says the disruption will probably last at least a few months. “So for us, … Read more
Warehouse stores in Canada aren’t just selling large quantities of toilet paper these days — gold bars and coins and other precious metals are moving out of the realm of banking and jewellers and into their aisles. With gold hitting record-high prices in recent weeks, the metal’s popularity has been reflected at retailers, too. According to Costco’s chief financial officer, … Read more
Bank of Canada governor Tiff Macklem says he expects 2024 to be a transition year as higher interest rates slow down the economy, making way for lower inflation. In his final speech of the year, the governor laid out his expectations for a softer economy next year and offered criteria for the central bank to start discussing rate … Read more
