2013 interest rates
The IMF has a message for Mark Carney’s replacement: Raise interest rates in 2013.
- The International Monetary Fund says the Bank of Canada should raise interest rates next year. The IMF expects the economy to grow a modest 2.25% in 2013 and warns tighter fiscal policy may be need to rein in debt.
- Ten of 11 urban markets saw house prices drop in November over October, according to the Teranet-National Bank index. It’s only the fourth time in 13 years the index has fallen between the two months. The only city to buck the trend was Calgary.
- Ever wonder how to calculate capital gains and adjusted cost base? Boomer and Echo shows you how.
- Need a last-minute gift idea for the techie or germaphobe in your life? We love this washable keyboard recently featured in Canadian Business magazine. If you’re still stumped for a gift, consider making a charitable donation on the recipient’s behalf. A new BMO Harris Private Banking poll suggests nearly two-thirds of Canadians would rather know that someone made a donation in their name than get a gift. When choosing a charity, BMO suggests considering the recipient’s interests, being aware of fraudulent charities and obtaining a tax receipt. For a list of top-ranked charities in Canada, check out MoneySense‘s 2012 Charity 100.