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2023 will be a better year for homebuyers, mortgage holders, investors and people sick of greed

2023 will be a better year for homebuyers, mortgage holders, investors and people sick of greed

Interest rates remain high, inflation is not letting up and there is talk of a recession this year. Now that we’ve eliminated the negatives, let’s look at some positives for your finances and investments in 2023. Yes, there are. The end of interest rate hikes The central bank had eight opportunities to adjust its overnight …

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My five confident predictions for the mortgage market in 2023

My five confident predictions for the mortgage market in 2023

Welcome to Mortgage Rundown, a brief overview of the mortgage finance landscape in Canada by mortgage strategist Robert McLister. Canada’s economy will get ugly in 2023. Runaway inflation always has an unhappy ending. That’s the bad news. The good news is that ugliness does not last. Our central bank will likely be forced to reverse …

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This completely boring ETF is the investment product of the year

This completely boring ETF is the investment product of the year

Rising interest rates in 2022 have made a star of a type of exchange-traded fund that has lived in the shadows for most of the past decade. Cash-equivalent ETFs, also known as high-interest savings ETFs, ended the year with after-fee returns of around 4.6% and a very comfortable risk profile for investors baffled by stock …

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A playlist of 2022 personal finance successes that will reappear next year, unfortunately

A playlist of 2022 personal finance successes that will reappear next year, unfortunately

The biggest successes in personal finance – or rather, personal finance – this year have been like punches in the face. Why dwell on a year of beatings? The reason for this is that we are heading into a year of even greater uncertainty for household finances, including a possible recession. Understanding where we came …

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Investment: Active or Passive?

Investment: Active or Passive?

The merits of active and passive investing have been debated for years. On average, 35% of active equity funds outperformed their passive counterpart in the 12 months ending June this year, according to Morningstar’s Asset/Liability Barometer, which tracks the performance of 30,000 European-domiciled funds managing €7 billion (£6 billion) in assets. Active and passive: the …

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Yes, banks take advantage of borrowers who are pressured by higher rates.  But there's more to the story

Yes, banks take advantage of borrowers who are pressured by higher rates. But there’s more to the story

December 7 will be a good day for Canadian banking. The Bank of Canada has the opportunity to adjust its overnight rate on that day, and an increase of 0.25 to 0.5 percentage points is widely expected. Like flipping a switch, banks would replicate this increase in their prime rate and, in turn, variable rate …

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Lessons for Developed Market Fintechs – and Banks

Lessons for Developed Market Fintechs – and Banks

In about two generations, China has grown from a predominantly agrarian country to the second largest economy in the world. This means that Zoomers and Millennials don’t even remember “old” China. The speed at which this transformation of the most populous country in the world has occurred is staggering. In the West, it took almost …

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An alternative for private investors in an uncertain market

An alternative for private investors in an uncertain market

With annual returns above 35% for more than a decade thanks to top quartile funds, venture capital (VC) has long been recognized as a high-performing asset class, but remains out of reach for most investors. private investors. The best venture capital funds are only available to the minority of investors able to write checks over …

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Lebanon's exchange rate against the dollar could change, but the country's problems remain

Lebanon’s exchange rate against the dollar could change, but the country’s problems remain

The Lebanese currency has been pegged to the US dollar at the rate of 1,507.5 Lebanese Pounds (LBP) to the dollar since 1997. The Ministry of Finance was due to revise the official exchange rate to 15,000 LBP tomorrow (November 1). The change represents one of the conditions the International Monetary Fund (IMF) has planned …

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Companies form joint ventures as nation opens up financial market

Companies form joint ventures as nation opens up financial market

A Deutsche Bank office building in London. The German lender is in talks with the wealth management unit of the Postal Savings Bank of China to set up a joint venture. [Photo/PA IMAGES] Diversified structures to offer more comprehensive wealth management products Foreign financial institutions are accelerating their deployment in China’s asset management industry through …

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