Canada’s Trudeau Pushes Keynesian Stimulus
Ottawa — Fiscal stimulus may be what the doctor ordered for the world economy, but Prime Minister Justin Trudeau will have a tough time persuading his peers to swallow the medicine. Canada’s new Liberal government is expected to post a shortfall of about $22.5 billion in its debut budget, representing one of biggest expansionary swings in fiscal policy in the nation’s history. It’s the sort of activism increasingly touted within...
U.S. Consumers Appear to Thrive as Companies Struggle
Call it a tale of two economies. Consumer spending grew last year by the most since 2005, in spite of a slight slackening in the fourth quarter. Nonresidential business investment, meanwhile, rose at its slowest pace since 2010 as oil and gas companies sharply curtailed spending. The key theme for the economy “is the stark contrast between the fortunes of the household and business sectors,” and how that plays out going forward, said...
3 Ways to Make a Better Plan For Your Money in New Year
Chris Hogan has been a staple among personal finance experts. The money guru once worked as vice president of a mortgage company and later turned to helping people successfully manage their money. As a finalist in the 2015 GOBankingRates “Best Money Expert” competition held in collaboration with Ally Bank, Hogan offers this money tip for 2016: “The best thing you can do for your finances is to create a plan. Think about what your...
Residential Construction Increase Expected
In the early 2000s, some in the residential-construction industry predicted that, in the not-too-distant future, the United States would reach its new-home saturation point. The result would be a corresponding growth in the remodeling industry because the houses that had been built in the 1980s and 1990s would require major updating. Although some builders added remodeling components to their businesses, the bursting of the housing...
Americans Are Spending More and More on Rental Housing
Washington — The affordable housing crisis many renters face today in the U.S. feels like a product of this particular moment. The homeownership rate has tumbled since the housing bubble, pushing more and more people into rentals. Thanks to the recession, new construction hasn’t kept pace with population growth. The weak economy has meanwhile made it hard for families to cover their rent. To top it off, more people are moving to...
