The bank’s target overnight or policy rate now stands at 4.5 per cent, 18 times what it was a year ago. “Governing Council expects to hold the policy rate at its current level while it assesses the impact of the cumulative interest rate increases,” the bank said. “If the interest rate increases stabilize it’s a positive for the market, because the cost of capital is known versus moving. Your enemy is rapidly rising interest rates,” he said, hoping at the time for a short, sharp hike followed by a pause to assess its impacts. “With the increased sensitivity to higher interest rates, that might be enough.
The big story that closed out 2022 was rising interest rates and the impact of those rates on the commercial real estate sector, particularly as it relates to investment. The big story that closed out 2022 was rising interest rates and the impact of those rates on the commercial real estate sector, particularly as it relates to investment. Vancouver’s commercial real estate sector has always been resilient, and we anticipate the continuation of an active leasing market across all asset classes. Industrial: The industrial market continued to outperform, with a vacancy rate last year that was the lowest in North America. This new inventory has contributed to the rising vacancy rate, but also in a flight-to quality as companies gravitate to newer buildings, leaving higher vacancies in older assets.1 month ago Western Investor
A total of 3,123 m in 15 core holes has been completed at the Greenwood Project with results for 11 holes still pending. 2022 Dayton Drilling HighlightsThe Company completed 4 core holes for 1,014 m at the copper-gold Dayton Skarn/Porphyry Prospect (Figures 1 and 2) following up a discovery by Grizzly in 2011 at Dayton. Figure 2: Sooty sulphides in vein with alteration rim in Dayton core hole 22DA017. Caution concerning forward-looking informationThis press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information.1 month ago Investor Ideas
S. Korean GDP growth sags as exports falter(123rf)The South Korean economy grew at its slowest pace in a year in the third quarter despite beating market expectations, as poor net exports offset consumption and investment, the Bank of Korea’s advance estimate showed Thursday. But the latest reading of 0.3 percent, slightly above 0.1 percent forecast by market participants, marks the slowest growth since the third quarter of last year. Uncertainties, however, were too high to offer a growth forecast for the remaining October-December period, the bank noted. However, the central bank could tamp down the pace of tightening, since the seven-member board that makes a rate decision was split when lifting borrowing costs by an unprecedented 50 basis points early this month. A repurchase agreement facility worth about 6 trillion won will be put in place until January next year to provide additional support for brokerages, the central bank added.3 months ago THE INVESTOR
According to Brookfield Infrastructure Partners CEO Sam Pollock, up to 90 percent of Brookfield infrastructure contracts are linked to inflation rises. In energy, Brookfield has always favored the steady, predictable returns from midstream assets over investments in volatile oil-and-gas extraction and refining. Brookfield Infrastructure racked up a 23 percent increase in funds from operations during the first nine months of 2022 compared with the same period the year before. The parent company, Brookfield Corp., benefits hugely because it holds stakes of 30 to 75 percent in its listed subsidiaries. Its latest spin-off is Brookfield Asset Management, the former name of the parent, which only adds to investor bewilderment.16 days ago Institutional Investor
A Libby man is accused of burglarizing his sister-in-law’s home earlier this year. The alleged victim, who had moved to Nebraska, said Burke had broke into her house, stole items and damaged other items before leaving. When the neighbor spoke to Burke, he allegedly told her that his sister told him there was stuff in the home that he needed to get rid of. Burke allegedly told Kraft that he didn’t know why she got the cops involved and that he was helping her move. Burke’s sister also told Kraft that Burke had a long history of stealing and that he had been to prison for burglary and stealing.3 months ago Western News
Growth and its effects were part of a recent Libby City Council meeting. The lot layout was revised to follow city subdivision standards, and the extension was granted unanimously. The month of September was representative of a normal month for the city of Libby, the chief said. Community member George Gerard presented the council with a Peace Pole asking for it to be installed in a city park. The movement was started in 1955 by the late Masahisa Goi from Japan, according to the Peace Pole website.3 months ago Western News
East, west or beyond, sooner or later events elsewhere may have a local impact. In contrast, the deficit rose every year under Trump, including before the pandemic, largely due to the $2 trillion tax cut for corporations and the wealthy. President Bill Clinton took the deficit to zero (Factcheck.org), then G.W.Bush raised it to $1.2 trillion via unfunded wars. Under Trump, due to tax cuts for the wealthy, the deficit rose to almost $7.8 trillion, making it the third largest presidential rise. Example: single taxpayers will see a rise to a standard deduction of $13,850 in 2023, up from the current $12,950.3 months ago Western News