The Fallout of Silicon Valley Banks, a Real Estate Market Correction, and Tax Filing Tips: Must-Read Business and Investing Stories

The closure of Silicon Valley Bank sent shockwaves through global markets and triggered a reassessment of future interest rate paths by central banks, including the Bank of Canada.View RUVIC/Reuters

Caught up for a week away? Here’s your weekly digest of the world’s most important business and investing stories, featuring insights and analysis from the pros, stock tips, portfolio strategies and more.

Silicon Valley Bank Is Failed — and Here’s the Good News

this Silicon Valley Bank collapses, one of the world’s preeminent technical financiers, marked the second-largest bank failure in U.S. history after Washington Mutual in 2008. The impact of the sudden closure of SVB. David Rosenberg says Americans should be prepared as banks continue to tighten lending rules and raise loan loss provisions deflation period. at the same time, Bond markets undergo dramatic reassessment Darcy Keith writes about future interest rate moves from central banks, including the Bank of Canada.For Canadians looking to buy a home, renew a mortgage or borrow money, says Rob Carrick The demise of SVB is the breakthrough you’ve been waiting for.

Flair Airlines has four planes seized for non-payment

If you’ve booked a Flair Airlines flight for summer travel, you may want to double check your boarding airline based in edmonton four planes seized Eric Atkins (Eric Atkins) reported last week for not paying $1 million to Dublin-based Airborne Capital Ltd. The leasing company worked with marshals to ground four Boeing 737s: two at Pearson Airport in Toronto, one in Edmonton and one in Waterloo, Ontario. Flair leased six of the planes from Airborne (two of the 737s have not yet been seized), and five from BOC Aviation. Flair recently made a payment owed to the Bank of China, but failed to reach an agreement with onboard.

Inflation-adjusted Canadian real estate adjustments

The Canadian Real Estate Association’s housing report for February indicated that this was the sharpest correction in home prices nationwide in decades. The typical home price in Canada has fallen by $132,000, or 15.7 per cent, since February — Worse when you factor in inflationNationally, home prices fell by nearly $168,000, or nearly 20%, on an inflation-adjusted basis. Meanwhile, larger mortgages and higher interest rates mean the cost of ownership now accounts for 60% of average household income, compared with 44% then, according to RBC Economics. Jason Kirby takes a closer look in this week’s Decoder.

Tips for Filing Income Tax Returns

With tax season just around the corner, Canadians are being urged to file early as imminent strike Affects 35,000 Canada Revenue Agency workers.With this in mind, Tim Cestnick proposes Six Tips to Help You File Your Tax Return Correctly. You may be entitled to some new credits or benefits, such as the first-time homebuyer tax credit (increased base amount to $10,000) or the Family Accessibility Tax Credit (increased to $20,000 for qualifying expenses).You may also want to know if you are eligible for New Canadian Dental Benefits. Ontarians who booked lodging in the last year can claim 20 per cent of the cost of eligible lodging, such as hotel or campground stays, up to a tax of $200 per person.

Volkswagen to build EV battery factory in St. Thomas

German auto giant Volkswagen announced this week that St. Thomas, Ontario, has been selected as the site of the first battery factory Territories outside of Europe after taking into account locations in Canada and the United States. As Adam Radwanski reports, this helps underpin Canada’s efforts to position itself as a major player in electric vehicle manufacturing. While details of the planned investment, including the dollar amount, have not been disclosed, 1,500 acres of land near London have been earmarked for industrial development.Other possible destinations such as Windsor Has reached the capacity to support such projects Because Stellantis NV and LG Energy Solution recently made electric vehicle-related commitments. St. Thomas’ workforce has struggled to fill hundreds of lost jobs Ford closes assembly plant More than ten years ago, it was not so tight anymore.

Why the US is banning TikTok — and what it means for Canadians

Biden administration Has threatened to ban TikTok in the US If ByteDance, the Chinese owner of the social media app, refuses to sell its stake. White House officials have grown increasingly concerned about the security of Americans’ data. But implementing a nationwide ban would face significant legal and social hurdles because TikTok is popular among more than 100 million Americans and the country has never banned an app.we see Bills currently before CongressTikTok’s response, the ban’s potential impact on content creators in the U.S. — and whether it will happen in Canada too.

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Now that you’re all caught up, get ready for the week ahead Global Investment Calendar.

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