Economy
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inflation

Inflation hits Christmas meals by costing 16.4% more this year

According to Datasembly, the average holiday dinner grocery basket will cost individuals 16.4% more than last year.
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canada

Eight in 10 Canadians say inflation is impacting their holiday spending decisions

Bank of Montreal has found that 77% of Canadians say inflation is impacting their holiday spending decisions.
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finance

Goldman Sachs plans to fire up to 4,000 workers, accounting for 8% of its workforce

As Goldman Sachs seeks to boost the bank’s profitability, the company is looking at laying off up to 4,000 workers.
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recession

JPMorgan Chase CEO Jamie Dimon predicts a recession in 2023

On Tuesday, JPMorgan’s CEO Jamie Dimon once again warned that a recession will likely hit the U.S. in 2023.
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Big Tech

Facebook Parent Meta announces layoffs of 11,000 workers

On Wednesday, November 9, Meta Platforms announced that it would be cutting more than 11,00 workers from the company.
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England

Bank of England says the UK will face its longest recession in history

On Thursday, November 3, 2022, the Bank of England said that the U.K is now facing its most prolonged recession in history since record-keeping began.
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inflation

One of the world’s largest hedge funds just warned of potential “societal collapse” and “hyperinflation”

One of the world’s largest and most influential hedge funds has just warned the world could be on track to “societal collapse” and “hyperinflation”
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JOE BIDEN

Biden Administration announces plan to release more oil from the Strategic Petroleum Reserve this winter, as reserve hits the lowest level since 1984

On October 18, 2022, the White House announced that Biden has directed the Department of Energy to sell off more oil from the U.S. Strategic Petroleum Reserve (SPR).
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Economy

U.S. mortgage rate hits the highest level since 2006

The U.S. mortgage rate has continued to rise for seven straight weeks, hitting its highest level in 16 years.
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debt

U.S. household debt jumps past $16 trillion, with $2 trillion added since the end of 2019

Since the end of 2019, just prior to the pandemic, household debt has risen by nearly $2 trillion passing $16 trillion in the second quarter of 2022.
housing market

Goldman Sachs predicts home prices could fall 25% from peak

creative-cloud-express

Goldman Sachs predicts home prices could fall 25% from peak

canada

Justin Trudeau buys Ukraine a new $406 million air defence system

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Justin Trudeau buys Ukraine a new $406 million air defence system

canada

Quebec voters think climate change is a greater priority than inflation, Canadians disagree

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Quebec voters think climate change is a greater priority than inflation, Canadians disagree

Trending

Individual bankruptcies up 16% in Canada as inflation, lockdowns take their toll

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Individual bankruptcies up 16% in Canada as inflation, lockdowns take their toll

immigration

Canada welcomes record-breaking number of immigrants in 2022, surpassing the 2021 record

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Canada welcomes record-breaking number of immigrants in 2022, surpassing the 2021 record

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