TORONTO – A recent BMO survey has highlighted a significant gap in awareness among prospective first-time homebuyers regarding the benefits of the Federal Government’s First Home Savings Account (FHSA). Despite the housing market’s affordability challenges, many potential buyers seem to be missing out on the advantages offered by the FHSA.…

The November jobs report on Friday showed the U.S. economy gained 199,000 positions last month, with the unemployment rate dipping to 3.7% from 3.9%. Economists polled by the Wall Street Journal had expected an addition of 190,000 jobs and unemployment staying at 3.9%. See: Jobs report shows 199,000 gain in November. Wages rise…

By David Randall (Reuters) – Expectations that the Federal Reserve will ease monetary policy in the early months of 2024 are fueling a searing year-end rebound in U.S. government bonds. Some investors believe those rate cut hopes are misplaced. The yield on the benchmark U.S. 10-year Treasury, which moves inversely…

The numbers: The return of striking workers helped boost the number of new jobs created in November by 199,000 and wages rose sharply, but the latest job report also pointed to some softening in the labor market as high interest rates take a toll on the U.S. economy. Economists polled…

(Reuters) -U.S. household wealth fell to roughly $151 trillion in the third quarter, pulled down by a drop in the value of stocks which more than offset a half-trillion rise in the value of property prices, the Federal Reserve said on Thursday. Household net worth fell about 1% in the…

This is a developing story. Stay tuned for updates here. The numbers: The University of Michigan’s gauge of consumer sentiment rose to a preliminary December reading of 69.4 from a six-month low of 61.3 in the prior month. This is the highest level since August. Economists polled by the Wall Street Journal…

By Marcelo Teixeira NEW YORK (Reuters) -Mercon Coffee Group, one of the world’s largest coffee traders, has filed for bankruptcy protection in the U.S. due to what it defined as “exceptionally challenging operating environment,” according to a document seen by Reuters. Mercon, which has operations in all the major producing…

The Walton family’s five-year rule as the world’s richest dynasty has come to an end.  The House of Nahyan, rulers of oil-rich Abu Dhabi in the United Arab Emirates, comes in at No. 1 on Bloomberg’s world’s richest families list for 2023, bumping the third-generation Walmart WMT, -1.05% heirs that…

By Elizabeth Howcroft and Hadeel Al Sayegh LONDON (Reuters) – Binance has withdrawn an application for an Abu Dhabi licence, the latest sign that the giant crypto exchange is reassessing its global structure as regulatory pressures mount. The Binance unit, called BV Investment Management, pulled the application with Abu Dhabi’s…

Hunter Biden’s get-out-of-jail free card may have just expired. The tax charges brought late Thursday against the president’s son significantly up the ante in the yearslong investigation into his finances and pose a very real possibility that he may end up serving prison time. According to data from the Internal…