In the last 2015 Monetary Report, the BoC conceded that their own rate cuts helped fuel the increase
in debt spending.
In its most recent Monetary Report, the bank conceded that their own rate cuts last year helped fuel the increase
in debt spending, but the Bank apparently feels confident that recent regulatory changes, and rising real income due to lower oil prices, will result in more moderate spending levels.
Not exact matches
Debt levels for the average Canadian household are moving down (perhaps we've been taking those warnings from the Bank of Canada to heart), and as a result there's been «modest» growth
in consumer
spending, said Ferley.
That deal, though, saddled Whiting with billions
in debt just as oil prices cratered, giving Continental an edge as it
spent cash to improve ways it fracks wells.
«A large
debt also can compromise a country's national security by constraining military
spending in times of international crisis or by limiting its ability to prepare for such a crisis.»
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.
But
debt is still a major consideration for most Canadians when they head out to shop, which is limiting the strength
in consumer
spending and having an effect on the balance sheets of retailers, Ferley added.
The study involving about 1000 Facebook users
in the US found that those who
spent relatively more time on Facebook and had a strong network on social media were more likely to have lower credit scores and more credit card
debt compared to those who used it less and had a comparatively weaker network.
Canada's
debt - saddled governments aren't
in a position to reprise the 2009 stimulus
spend, and Canadian consumers definitely shouldn't be further stressing their credit cards and bank lines.
Admit how much you have
spent shopping
in the past six months, how much credit card
debt you have and just how far you have fallen from being a responsible spender.
The recent fiscal legislation caused negative, structural changes on both the
spending and revenue fronts — making the task of keeping the
debt in check much harder than it would have been even a year ago.
Their
spending program would be stronger if they would put their pledge to restrain
debt in writing.
The time
spent in the work force before launching Swift helped Harris refinance his loans to a lower interest rate through SoFi, one of a few new marketplace lenders focusing on student - loan
debt.
One of my constant points on this blog for the last several years has been that households» refinancing of their mortgage
debt at lower and lower rates has put more money
in their pockets for
spending and for paying down
debt.
But low interest rates, at least
in Canada, have pushed household
debt to such vertiginous levels that officials like Carney know they shouldn't be counting on consumer
spending to drive the recovery — ergo, the call for more corporate investment.
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.
But after
spending three years making minimum payments, it became clear that unless I got aggressive, my
debt could potentially throw a wrench
in my long - term saving goals.
Manley contends the explosion
in sovereign
debt caused by all the stimulus
spending over the past two years is the biggest issue facing both the Canadian government and the world's other major economies.
Pioneer has also pledged to retain more of its free cash flow, rather than
spending it all and then some on capital expenditures and incurring
debt that could sap future profits, as has been common
in the industry.
When the leaders of the world's major economies convene
in Toronto on June 26, their schedule will be laden with big issues, from ending stimulus
spending to the European
debt crisis to the debate over a global bank tax.
China's economy expanded at a steady 6.7 %
in the third quarter and looks set to hit Beijing's full - year target, fueled by stronger government
spending, record bank lending and a red - hot property market that are adding to its growing pile of
debt.
Yalnizyan also argues that
in its effort to keep the
debt - to - GDP on a downward track, the Liberals are actually
spending less over the outlook when the promised investments are compared to revenues.
Second, while it makes sense that an environment
in which investments, like government
debt, are yielding a smaller return might cause people to
spend less today
in order to make their retirement goals, there just isn't a lot of evidence that this happens
in the real world.
You can get
in debt as fast as you can
spend money, but you only get out as fast as you have profits.
«International research has found that highly indebted households cut back their
spending to a greater degree
in response to declining house prices than those with lower
debt levels,» he said
in a letter to the House finance committee this month.
France's AXA says it will
spend $ 15.3 billion on buying New York - listed insurer XL Group and speed up its plans to spin off its American life insurance business — the IPO would give it $ 6 billion to help fund the XL purchase, with the rest coming
in the form of cash and
debt issuance.
He founded Total
Debt Freedom
in 2004 after
spending a dozen years managing collections departments, and says he feels far better about what he does today.
Fattening the
debt load will be interest on the extra borrowings required to fund the hikes
in discretionary
spending.
So it will likely
spend $ 163 billion — its cash and money market holdings minus its
debt — and then keep the rest
in U.S. bonds.
The Penn Wharton Budget Model predicts the added
debt eventually would reduce economic growth, as money that might have been
spent on productive investment instead ends up
in the market for government bonds.
Debt brings with it a discipline about
spending and investing that can help your company, especially
in its formative and growth years.
Severe winter weather
in the fourth quarter weighed on results, while a large part of HD Supply's loss included $ 87 million
spent to pay down and modify its
debt.
Their
debt now is
in excess of 160 % of disposable income, a level that suggests consumers will be more inclined to get right with their lenders than to continue
spending at their post-crisis pace.
Republicans are demanding
spending cuts to reduce the budget deficit as the price for supporting an increase
in the
debt ceiling.
Indeed, a recent paper by IHS concluded that
spending on production growth
in the U.S. from 2009 through 2013 had exceeded cash flow by an astounding $ 272 billion — and at least 40 % of that was raised by taking on
debt.
In Lebanon, for instance, an IRC report found that 87,700 Syrian refugee families each given $ 575 via ATM cards
spent the money on food, clothes, fuel oil and getting out of
debt.
Tomorrow,
in part three of our four - part series «Why we can't stop
spending,» we look at how government policy has aided and abetted Canadians» slide into unsustainable
debt.
Lewis, fund's chief investment officer,
spent nine years at Citigroup as a director of the bank's global special situations group, a $ 5 billion prop - trading group that specialized
in distressed
debt, high - yield bonds, and value equity.
They insist that
spending and
debt ceiling bills are vital
in their own right and should not come with conditions attached.
If you wanted to buy Tesla, you'd have to
spend more than Ford is worth to acquire billions
in debt and an EV order book that hundreds of thousands of vehicles from being fulfilled.
The combination of lower corporate taxes and lower personal taxes, plus the plan to
spend a significantly larger amount on infrastructure, could cause a blow - out
in the nation's
debt.
The deal, which is still making its way through Congress after an eleventh hour push from party bigs, has three main components: It immediately raises the
debt ceiling, includes around $ 2.1 trillion
in spending cuts over the next 10 years, and creates a special Congressional committee to come up with long term deficit - reduction suggestions by this Thanksgiving.
He would reduce the federal
debt and deficit by cutting federal
spending, nearly
in half.
But he did say he subscribed to the so - called «Boehner rule» that demands one dollar
in spending cuts for every dollar increase
in the
debt ceiling.
A customer - service rep named Talia Jane, who worked for the company's food delivery arm Eat24, wrote an open letter to Yelp CEO Jeremy Stoppelmann on Friday explaining how she could not afford to pay groceries, had stopped using her heater,
spent 80 % of her income on paying rent
in San Francisco, and was «balancing all sorts of
debt and trying to pave a life for myself that doesn't involve crying
in the bathtub every week.»
While a temporary compromise over the country's
debt ceiling pushed that deadline back to at least August, the sequester — sweeping automatic
spending cuts mandated by cliff legislation — could kick
in as soon as March 1.
The New York Times reports that cash - strapped Chinese aviation and shipping conglomerate HNA Group is appealing to its own employees for financial assistance to cope with the estimated $ 90 billion
in debt the group rang up
in its high - profile global
spending spree.
«Fitch believes that the province will also be challenged
in restraining ongoing capital
spending to make progress
in lowering the high
debt burden and accumulated deficit over time,» it said.
Using the funds to pay off credit card
debt might not be the best bet, for example, if your
spending habits will put you right back
in the red, said Bradley.
Notably, families
in the Northeast
spend about 70 % more on college than those
in the West, Midwest, and South, which might explain why the average
debt per graduate is higher
in that part of the country.