What to expect from rising interest rates

Consumers who locked in their mortgage last fall or summer might be feeling smug following Wednesday’s increase in flexible loan rates. But for first-time buyers and home owners looking to renew there is nowhere to hide from a rising interest rate environment. The big Canadian banks increased their fixed-rate mortgages to 5.14 per cent from More...

by PunditX | Published 3 days ago
By PunditX On Friday, January 19th, 2018
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Innovative materials from bamboo are helping a new industry to sprout

FANNING out from the sodden delta of the Yangtze, and southward to the flanks of the Nanling mountains, over 6m hectares of emerald bamboo groves—one-fifth of the world’s reserves—flourish in China. Giant More...

By PunditX On Thursday, January 18th, 2018
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Legacy airlines are facing new competitors on transatlantic routes

EVEN for a global industry like aviation, Primera Air’s business model seems remarkably cosmopolitan. The Icelandic-owned budget airline is headquartered in Latvia, but mainly operates low-cost flights from Denmark More...

By PunditX On Thursday, January 18th, 2018
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BMO financing deal with Canopy Growth marks policy shift for Canadian banks

The Bank of Montreal’s participation in a major financing deal for licensed cannabis producer Canopy Growth marks a big policy shift for Canada’s biggest banks, which may be warming up to the cannabis sector. Canopy, More...

By PunditX On Thursday, January 18th, 2018
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The World Bank’s “ease of doing business” report faces tricky questions

HOW many days does it take to correct a misleading newspaper interview? Four, in the case of Paul Romer, the World Bank’s chief economist. On January 12th a surprising article in the Wall Street Journal alleged More...

By PunditX On Thursday, January 18th, 2018
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Why driverless cars may mean jams tomorrow

THE most distractingly unrealistic feature of most science fiction—by some margin—is how the great soaring cities of the future never seem to struggle with traffic. Whatever dystopias lie ahead, futurists seem More...

By PunditX On Thursday, January 18th, 2018
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Our Big Mac index shows fundamentals now matter more in currency markets

IT IS usually considered quaint to predict foreign-exchange movements by reference to whether currencies are dear or cheap. Metrics such as The Economist’s Big Mac index, a lighthearted guide to exchange rates, More...

By PunditX On Wednesday, January 17th, 2018
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The rise and fall of Bitcoin

THE great Sir Isaac Newton may have revolutionised our knowledge of the world but he still had his blind spots. He was sucked into the great mania of his day, the South Sea Bubble (pictured) and lost a lot of money. More...

By PunditX On Tuesday, January 16th, 2018
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BlackRock v Blackstone

THE two most successful entrepreneurs on Wall Street of the past two decades work on opposite sides of Park Avenue. Larry Fink, 65, is a Democrat whose hand is glued to a Starbucks cup and who runs BlackRock from More...

By PunditX On Tuesday, January 16th, 2018
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The days of the A380 look numbered

ASK frequent flyers which is their favourite aircraft and most come up with the same answer: the A380 superjumbo made by Airbus, a giant European planemaker. Able to carry 525 passengers in a typical three-class More...