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  • Business
    The Canadian Press

    Millennials dominate insolvencies as credit card, student loan, CERB tax debts add up

    Insolvency trustee Doug Hoyes encounters a lot of Canadians with money troubles, but he's become particularly sympathetic to the plight of young people who find themselves financially underwater. For more than a decade, his Ontario-based firm Hoyes Michalos has been crunching bankruptcy and insolvency numbers for its annual "Joe Debtor" analysis, with its latest results released last month ahead of tax season. He's concluded that millennial Canadians have been dealt a generational losing hand as

  • News
    The Canadian Press

    These are the three things you should expect in the federal Liberals' upcoming budget

    OTTAWA — The federal Liberal government is expected to release its budget for the 2023-24 fiscal year on Tuesday. Here's a look at three big things to expect: Investments in the clean economy Ottawa is expected to make big investments in clean energy and technology in the upcoming budget as it tries to keep competitive in the transition toward a greener economy. Canada's main competitor is the United States, which decided last summer to invest nearly US$400 billion over ten years in the Inflatio

  • Business
    Bloomberg

    Euro Rally Puts $1.10 in Sight With ECB Now Last Hawk Standing

    (Bloomberg) -- Christine Lagarde is cementing her credentials as the biggest hawk among major central bankers despite the mounting banking stress, handing financial markets a reason to buy the euro and sell German bonds.Most Read from BloombergGreenland Solves the Daylight Saving Time DebateUS Mulls More Support for Banks While Giving First Republic TimeCredit Suisse Wouldn’t Have Lasted Another Day, Minister SaysValley National, First Citizens Said to Bid on Silicon ValleyDeSantis’s Bad Week Sh

  • Business
    Bloomberg

    Global IPO Market Revival Undermined by Banking, Recession Risks

    (Bloomberg) -- Banking turmoil and recession risks are spelling trouble for the global IPO market, keeping it mired in a slump even after investors started the year thinking that the worst of the stocks rout might be over.Most Read from BloombergGreenland Solves the Daylight Saving Time DebateUS Mulls More Support for Banks While Giving First Republic TimeCredit Suisse Wouldn’t Have Lasted Another Day, Minister SaysValley National, First Citizens Said to Bid on Silicon ValleyDeSantis’s Bad Week