Not exact matches
YELLOWKNIFE, Northwest Territories, May 1 (Reuters)- Bank of Canada Governor Stephen Poloz said on Tuesday there is good reason to believe the central bank can manage the risks of Canada's
high household
debt, even as he signaled that
interest rate hikes will continue, increasing the cost of that
debt.
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance
debt, including our ability to obtain the
debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of
interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to
higher interest payments should
interest rates increase substantially; 27) the effectiveness of any
interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
YELLOWKNIFE, Northwest Territories, May 1 - Bank of Canada Governor Stephen Poloz said on Tuesday there is good reason to believe the central bank can manage the risks of Canada's
high household
debt, even as he signaled that
interest rate hikes will continue, increasing the cost of that
debt.
And while Macdonald did not look into it, other studies have pointed to another major influence China has had lately on many countries, including Canada: how its
high savings rate and mounting foreign currency reserves, much of it invested in benchmark U.S. government
debt, have depressed
interest rates around the world.
That would boost economic growth, inflation and
debt: if the Joy of Cooking contained a recipe for
higher interest rates, that would be it.
But
debts that carry a
high interest rate (typically over 8 %) and weren't used to strategically help you afford a big purchase, are more problematic.
Minimize the amount of
debt that you carry, especially
high -
interest debt, such as credit card
debt.
She still has a mortgage and a line of credit, but is finally free of
high -
interest credit card
debt.
The bank offered a loan at a low rate to pay off her
high -
interest credit card
debt, and she ended up taking out a second mortgage for $ 80,000.
Such a scenario would drive the deficit
higher, and along with it the size of the
debt — and
interest on that
debt.
He had a couple thousand in credit card
debt and a small,
high -
interest loan from EasyFinancial he'd taken to cover an unexpected medical expense for a family member.
This will set off a vicious cycle of
higher deficits that lead to
higher debt, which in turn will mean
higher interest costs and less funding available for healthcare, education and other provincial services.
If you can leave this decade with minimal
debt, you're in good shape — focus on paying off your
highest interest rate
debt, and your credit card balances monthly.
An opportunity also may exist to use home equity to bundle
high -
interest debt at lower rates, he adds.
On the other hand, leaving the
interest rate low encourages the kind of borrowing and spending that has produced record -
high levels of consumer
debt in Canada and pushed housing prices into the stratosphere.
Robert Abboud, a certified financial planner based in Ottawa and author of No Regrets: A Common Sense Guide to Achieving and Affording Your Life Goals, says
high -
interest - bearing consumer
debt should be tackled first.
At the same time, the fact the ECB is likely to gradually raise
interest rates, it will mean that these peripheral nations could face
higher debt financing when borrowing money from the markets.
«We are unlikely to see
higher interest rates soon, since with $ 15 trillion in
debt constantly rolling over, as a country we can't afford
higher interest rates,» Backus says.
Tax code changes and rising
interest rates may mean
debts like home equity lines of credit should take
higher repayment priority.
If mortgage
interest rates were
higher, paying down this
debt would make more sense, but with rates at about 4 percent, investing that money could yield a
higher rate of return.
Although mathematically it makes the most sense to pay back the
debts with the
highest interest rates first, for Sall, starting with the smallest ones — regardless of
interest rate — was far more motivating.
«The rule is an important first step and will benefit some consumers who need relief the most, but a great deal of work is still needed to ensure that American families are no longer ensnared in the
debt trap of
high interest, abusive loans,» Michael Best, director of advocacy outreach at Consumer Federation of America, said in a statement.
When it comes to the dangers of
high -
interest credit card
debt, Americans are savvier than ever.
Taking on wedding - related
debt could damage your credit score — and result in a
higher interest rate on that mortgage, he said.
«U.S.
debt will need to pay
higher interest rates, and as such, everything will go up.»
This may seem counterintuitive, because the math would seem to tell you to pay off the
highest interest debt first.
In the near term,
higher interest rates will have an immediate effect on consumers with credit card
debt, home equity lines of credit and those carrying adjustable rate mortgages.
The record
high levels of consumer
debt among Canadians has also raised a red flag from Bank of Canada governor Mark Carney and others who have warned that
interest rates will rise at some point — raising the cost of borrowing.
«First of all, if there's any
debt to pay off, pay off
debt --[such as] credit card bills or any
high -
interest credit,» said Harvey Bezozi, CPA, and founder of YourFinancialWizard.com.
Losing money can happen when you pay a price that doesn't match the value you get — such as when you pay
high interest on credit card
debt or spend on items you'll rarely use.
Yes, you'll need to take risks in business but if that involves dipping into your emergency fund, retirement, the kid's college fund or going into
high -
interest debt, take a step back and reconsider.
A dreadful
debt deal under Kilpatrick that locked Detroit into a
high interest rate when rates were falling during the recession contributed to the bankruptcy.
«More
debt interest,
higher taxes and smaller GDP.
«The process of lowering
interest rates causing
higher levels of
debt,
debt service and spending, I think is coming to an end.»
This can be expected to produce a negative trickle - down effect, as
higher government
debt leads to
higher interest rates, lower business investment, and
higher future tax rates — possibly on the middle class.
Some things to consider when making this plan are 1) which
debt has the
highest associated
interest, 2) what is your largest
debt, and 3) is there any
debt that is especially restrictive on your business via loan terms?
However, there's still time to consider a zero
interest balance transfer offer and make aggressive steps toward paying down your
high -
interest debt once and for all.
The central bank has concerns about the ability of households to keep paying down their
high levels of
debt when
interest rates continue their rise, as is widely expected over the coming months.
A downgrade by a credit rating agency usually means investors will demand a
higher interest rate when a company goes to raise cash by issuing bonds or other
debt.
The firm has warned for months that increasing
debt loads at companies could stir up trouble as
interest rates move
higher, making it more difficult for them to refinance.
Subordinated
debt: Has a
higher interest rate than senior
debt does, in exchange for slightly
higher risks (since loans get paid only after senior
debt is paid).
The
high - grade bond market is springing back to life as corporations race to issue new
debt and get out in front of a possible Fed
interest rate hike.
You do not want to put your home at risk with a home equity loan nor do you want to run up
high -
interest credit card
debt or dip into money in your retirement portfolio, which you'll need for your future.
Get aggressive and knock out
high -
interest debt now, since later you'll probably be balancing saving for your own retirement and for college if you have kids.
An alternative is to pay off
high -
interest credit card balances using another type of
debt consolidation loan or by refinancing your mortgage with a cash - out option.
Poloz said there is good reason to believe the central bank can manage the risks of Canada's
high household
debt, even as he signaled that
interest rate hikes will continue, increasing the cost of that
debt.
People who are trying to pay down their
high -
interest debt quickly through the use of
debt consolidation.
Finding a way to put money toward paying off
debt, especially
high interest debt, is the best way to free yourself from the vise grip
debt can have on your budget.
If you direct any extra money to your
highest interest rate loan first, you may save hundreds of dollars or more in extra
interest payments and you may be able to get out of
debt faster.
We're investors at heart, and the best way to get started investing more is by cutting out
high -
interest debt.